Preview

Om Asignment Essay Example

Satisfactory Essays
Open Document
Open Document
386 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Om Asignment Essay Example
4BMT0807 Operations Management

Tutorial 2: Competitiveness, Strategy and Productivity
Section A: True/False 1. An example of a strategic operations management decision is the choice of where to locate. 2. An example of an operational operations management decision is inventory level management. 3. An example of a tactical operations management decision is whether to build a new facility or to expand an existing one. 4. An example of a tactical operations management decision is determining employment levels. 5. Productivity is defined as the ratio of output to input. 6. Productivity is defined as the ratio of input to output. 7. Competitiveness relates to the profitability of an organization in the marketplace. 8. If people would only work harder, productivity would increase. 9. Tracking productivity measures over time enables managers to judge organizational performance and decide where improvements are needed. 10. Productivity is directly related to the ability of an organization to compete. 11. A characteristic that was once an order winner may become an order qualifier, and vice versa. 12. Outsourcing tends to improve quality but at the cost of lowered productivity. 13. Productivity tends to be only a very minor factor in an organizations ability to compete. 14. An organization that is twice as productive as its competitor will be twice as profitable. 15. National productivity is determined by averaging the productivity measures of various companies or industries. 16. Wage and salary increases that are not accompanied by productivity increases tend to exert inflationary pressures on a nation's economy. 17. Global competition really only applies to multi-national organizations. 18. A business that is rated highly by their customers for service quality will tend to be more profitable than a business that is rated poorly. 19. Services often don’t fit simple yield measurements. 20. A mission statement should provide a guide for the formulation of strategies for

You May Also Find These Documents Helpful

  • Powerful Essays

    | Jennifer Royall invested cash of $15,000 and land valued at $10,000 into the business.…

    • 1969 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    A. Firms with lower effective tax rates were found to have a higher proportion of leased debt to total assets than did firms with higher effective tax rates. Some lease agreements are in-substance long-term installment purchases of assets that have been structured to gain tax or other benefits to the parties. Since leases may take different forms, it is necessary to examine the underlying nature of the original transaction to determine the appropriate method of accounting for these agreements. That is, they should be reported in a manner that describes the intent of the lessor and lessee rather than the form of the agreement.…

    • 621 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Oi 361 Essay Example

    • 610 Words
    • 3 Pages

    Riordan Manufacturing vision is “Focus on achieving and maintain reasonable profitability to assure that the financial and human capital is available for sustained growth.” To achieve the vision Riordan manufacturing mission is to become industry leaders in using polymer materials to provide solutions to customer’s challenges. Riordan’s management team is developing a consultant tem to create a new focus on creativity and innovation (Riordan Mfg., 2013). Team A will assume the role of consultant team for the Riordan and identify the internal and external drivers of innovation for Riordan. Also, describe how innovation, design, and creative thinking may benefit Riordan in terms of meeting its organizational objectives.…

    • 610 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    It is used when there is no standard or interpretation related to the reporting issues under consideration.…

    • 836 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Lit1 Task 2 Essay Example

    • 841 Words
    • 4 Pages

    to take medical leave when the employee is unable to work because of a serious health condition;…

    • 841 Words
    • 4 Pages
    Good Essays
  • Good Essays

    * I think Holmes uses the allusion in his poem because he wants to be specific on the term Harpies.…

    • 414 Words
    • 2 Pages
    Good Essays
  • Good Essays

    What does Edwards mean when he says, “The bow of God’s wrath is bent, and the arrow made ready on the string”?…

    • 772 Words
    • 4 Pages
    Good Essays
  • Good Essays

    2. Colonel Sartoris: Colonel Sartoris was the former mayor of the town, when he was alive he had established the myth that the town had to take care of Emily and therefore, she did not have to pay taxes.…

    • 6519 Words
    • 27 Pages
    Good Essays
  • Good Essays

    My Works Essay Example

    • 334 Words
    • 2 Pages

    9. Record the sedimentation rate for a menstruating female. How did this value compare to the healthy individual? Why? 15 mm/hr for the menstruating female and for the healthy female it was 5 mm/hr, for a difference of 10 mm/hr. the reason why this has happened is because when a female is menstruating she can sometimes of develop anemia which van show an increase in ESR. (AL)…

    • 334 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hi There Essay Example

    • 1076 Words
    • 5 Pages

    2. Cells that are in the process of dividing are said to be in mitosis or cytokinesis. Cells that are not dividing are in interphase.…

    • 1076 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Mid Term Essay Example

    • 464 Words
    • 2 Pages

    1. (TCO 1) In the Neolithic Revolution, the growth of communities was a result of (Points : 5)…

    • 464 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Re: Assignment Essay Example

    • 6011 Words
    • 24 Pages

    P2: Outline the arrangements for providing quality care for looked after children and young people…

    • 6011 Words
    • 24 Pages
    Powerful Essays
  • Satisfactory Essays

    Essay sample

    • 599 Words
    • 3 Pages

    marketing strategy and sales skill in lubricants industry in China, providing the participating lubricants dealers and agents with the latest market operation ideas.…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Operation Strategy

    • 4805 Words
    • 20 Pages

    1. 2. 3. 4. 5. 6. What is ‘operations’ and why it is so important? What is strategy? What is operations strategy? How should operations reflect overall strategy? How can operations strategy learn from operational experience? How do the requirements of the market influence operations strategy? 7. How can the intrinsic capabilities of an operation’s resources influence operations strategy? 8. What is the difference between the ‘content’ and the ‘process’ of operations strategy? 9. What are operations strategy performance objectives? 10. What are operations…

    • 4805 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    Example Essay

    • 633 Words
    • 2 Pages

    Racial profiling can never seem to make its way out of my life. It is a form of discrimination where someone is judged due to their race. Whether I am at school, marching band rehearsal, a restaurant, or even a doctor’s office, someone feels the need to judge me based on the color of my skin. I have never thought this was “okay” or “acceptable” in society. Throughout the seventeen years of my life, I recall having about three friends that have never made a comment about my race. People who judge someone based on the way they look and what their background is are some of the lowest of human beings. Most of the people who are affected by this issue tend to be minorities; however, any person can be a victim of racial profiling. Some people might think that racial profiling does not exist; nonetheless, I would like to bring the situation into focus and prove that it does still exist.…

    • 633 Words
    • 2 Pages
    Good Essays