SPIN MASTER TOYS CASE OF STUDY Question 1: In order to evaluate the two manufacturers Wai Lung (WL) and Wah Shing (WS)‚ we use the weighted point method. (Trent p.24). The advantages of this methodology include the ability for the firm to include numerous evaluation factors and assign them weights according to the organization’s needs. (Khaled‚ Sanjoy p.3). We allocate an amount of “weight” to the different criteria based on importance. We choose the following criteria to select the supplier:
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Assignment -2 Operations Management- II Spin Master Toys had to launch its First Electronics Product‚ E-Charger. They had to choose a supplier from Wai Lung and Wah Shung. Spin Master considered many factors before taking this decision which is given in excel below. S.No. Factors Weights Wai Lung Wah Shing Rating Weighted Rating Weighted 1 Reputation 9% 2 0.18 4 0.36 2 Capacity 12% 4.5 0.54 2 0.24 3 Quality Levels 15% 3.5 0.525 4.5 0
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MG 640 Spin Master Toys (A): Finding A Manufacturer for E-Chargers 1.) Executive Summary: • Spin Master Toys core competencies are marketing and bringing creative toys to market. • Alex Perez should choose Wah Shing and utilize their core competencies of manufacturing electronic toys. • Electronic components can be difficult to acquire therefore Wah Shing’s relationships with suppliers will be beneficial. • Speed to market is key‚ therefore Wah Shing has the best capabilities
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the decision environment‚ were these more programmed or non-programmed decisions types? Spin master adapted to several strategies from which they gained a lot of success along with some which led them to being unsuccessful. Harary‚ Rabie‚ and Varadi started this company “spin Master” with the intentions to generate a set of long-term brands and be able to sustain a permanent place within the global toy market. Since this was the start-up of their company the 3 friends were faced with having to
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Mini Assignment # 1 – “Spin Master”(Case 13‚ p. 411) Using the case titled “Spin Master: Turning fun into opportunities”‚ please answer the following questions: 1. Describe the key decisions that Harary‚ Rabie and Varadi faced in the start-up of their company. Looking at the decision environment‚ were these more programmed or non-programmed decisions types? [2.5 marks] 2. As a result of Spin Master’s success‚ what decision errors and traps might be a problem for them in the future? [2 marks]
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Mini Assignment 1 – Spin Master (Case 13) Using the case 13 (page 411 in your textbook)‚ which titled “Spin Master: Turning fun into opportunities‚ please answer the following questions: 1. Describe the key decisions that Harary‚ Rabie and Varadi faced in the start-up of their company. Looking at the decision environment‚ were these more programmed or non- programmed decisions types? 2. As a result of Spin Master’s success‚ what decision errors and traps might be a problem for them in the future
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result of Spin Master’s success‚ decision errors and traps poses a potential problem for the company’s future. For example‚ heuristics. The lack of information‚ time and energy from workers may cause the manager to take shortcuts and make decisions based on past successes. More specifically‚ representation bias. This is a problem because prior philosophy and marketing techniques may have worked on one product‚ but it may not necessarily work on another product‚ especially because Spin Master’s products
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silverlinecom2003@yahoo.com E-Government in Developing Countries Lessons Learned from Republic of Korea Hee Joon Song Contents q q FOREWORD...............................................................................................................................7 PREFACE....................................................................................................................................9 PART I. INTRODUCTION Chapter 1. q Mega-trends and E-governance................
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Portable.Charger What is a Portable Charger? - Compact sized plug-and-use charging dock that can be used on the go for mobile devices‚ removing the need for static charging through a wall plug. - Current chargers in the market are able to provide charging capacity of up to 2-3 full charge for mobile phones‚ reducing the need for frequent charging of the power bank. Notable brands in the market? - MiPow (HK) - Romoss - Chinese manufacturers? What is the demand for it in the market? Based
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