606 words - 2 pages
University of PhoenixJuly 18, 2009Bus/475IntroductionValues are what society believes are important to the success of the general public. The rules and structure we are raised with shape the beliefs and values that create one's personal values. As societies differ, so do their cultural values. Values also change depending on whether we are discussing one's personal values, organizational values, or cultural principles. When one's personal values clash with the organizational values an ethical dilemma occurs. When comparing similarities and differences it is important to keep in mind that many factors influence one's own belief system.Organizational ValuesAs adults enter the working world,...
1558 words - 6 pages
Strategic alignment maturity addresses the ability of organizations to adapt their IT and business strategies in a harmonious fashion. This alignment evolves into a relationship where the function of IT and other business functions adapt their strategies together. Early research on the topic has shown that organizations that show a high level of alignment maturity seem to be more capable of executing strategy as critical enablers of strategic alignment such as effective partnerships, communications, and governance manifest themselves through business-IT relationships and practices. This alignment of IT strategy and the organization’s business strategy is a fundamental principle that has...
2647 words - 11 pages
Dimension reduction algorithms have widely applied in practice, but the learned bases are inconsistent with the psychological intuition of combining parts to form a whole, and thus they cannot perform robustly on noised data. Although non-negative matrix factorization (NMF) and its variants can yield parts-based representation, different algorithms are developed based on different intuitions to target specific applications. In this paper, we present a non-negative patch alignment framework (NPAF) to unify these NMF based dimension reduction algorithms. It has two advantages: 1) the learned bases are parts-based and the resulted data representation is robust in practice; and 2) it...
2363 words - 9 pages
At its most fundamental core, quality improvement of healthcare services and resources requires disciplined attention to the measurement, monitoring, and reporting of system performance (Drake, Harris, Watson, & Pohlner, 2011; Jones, 2010; Kennedy, Caselli, & Berry, 2011). Research points to performance measurement as a significant factor in enabling strategic planning processes and achievement of performance goals (Tapinos, Dyson & Meadows, 2005). Thus, without a system of measurement that accounts for the performance behaviors of healthcare professionals, managers and administrative employees, quality improvement remains a visionary abstraction (de Waal, 2004).
988 words - 4 pages
In most organizations IT expenditure is considered as one of the larger if not the largest contributor to capital investment and expenditure. Technology has a significant effect on the business landscape of most organizations and the market place they operate in. The goal of IT as such should be directed toward the alignment of IT strategy with an organization's overall business strategy (Mulcay, 2001). It is argued though that the inability to successfully derive value from IT investment is, for the most part due to a lack of alignment between IT and business strategies.Johnson and Scholes cited by Riley (2012) define strategy as follows "Strategy is the direction and scope of an...
1723 words - 7 pages
The Thermus Aquaticus project’s purpose is to identify a species of thermophilic bacteria found in a local hot spring, Vulcan Hot Springs, through genetic sequencing and analysis. The polymerase gene in other Thermus bacterias has proven useful in genetic reactions. The Vulcan bacteria grows at a higher temperature than other thermophilic bacterias, giving it the potential to have a more effective polymerase gene than what is currently available. My own research has been focused on designing effective primers for the polymerase gene in the bacteria. I have designed primers based on the similarities between the Vulcan bacteria and known Thermus species found in GenBank after growing,...
3943 words - 16 pages
Relationships and Communication
It is inevitable that we meet a person who agrees with everything someone says, just to be accepted. Though it makes us feel good to have our thoughts validated by someone agreeing with our attitudes, at what point does a person’s unselective agreement begin to do more harm than good?
One major influence to this study is what Walster, Walster, Piliavin and Schmidt termed the elusive phenomenon. The elusive phenomenon refers to the commonly held concept that the more elusive a person of romantic interest is, the more other people will desire that person. What Walster et al. thought would be a simple research investigation turned out to be much more...
826 words - 3 pages
As Miss White needed help to keep track of monthly payments made by the 10 pupils in her group and to keep a monthly record of individual payments, a running total for each pupil, the overall total collected each month and the average amount per pupil collected each month. The overall cost of the trip is £500 per pupil between the months of October to March excluding December.
Choice of Application Used
To do this I needed to use the software Microsoft Excel 2003 as it was easier to use than other software products. As well Microsoft Excel can perform more useful functions such as Absolute Cell Reference, Functions (MIN, MAX and AVERAGE),Conditional Formatting and many more. Each...
1195 words - 5 pages
The aligning of the written curriculum to state standards is an important step in the curriculum development process. Curriculum alignment, as defined by Glatthorn, is the process of aligning the written curriculum, the tested curriculum and the supported curriculum to make the taught curriculum more effective. (2004). In turn, it is hoped that a more effective taught curriculum will prepare students to perform better on the tested curriculum.
South Western School District teachers revised the K-12 Health curriculum in October 2007. Teachers from each grade level collaboratively distributed Pennsylvania state standards across grade levels to avoid duplication and provide a spiral for...
646 words - 3 pages
Collections Unit collects all the defaulted loans. The business objective obviously involves CRM systems to improve services to collect, negotiate and create the circumstances within which problem debt solutions can be successfully resolved with the aim of:- Meeting budget goal- Maximizing manpower- Service improvement- More effective managementBusiness StructureThe Collections Unit comprises of:1. A team of about 80 Collection Officers - they are frontline people to contact and locate debtors who are owing to our clients.2. Five Collection Supervisors who cover the work including officer lists and maintenance, account distribution and summary of payments by account.3. Three Accounting...
1157 words - 5 pages
Is it smart for companies to invest heavily in information technology (IT)? Numerous studies indicate that excessive IT spending will usually reduce company profits and slow productivity. According to an article in the MIT Sloan Management Review, “Avoiding the Alignment Trap in Information Technology,” IT can become a huge bottleneck to growth in companies if they focus on the wrong remedies for their IT problems (Shpilberg, Berez, Puryear, & Shah, 2007). The article first focuses on Charles Schwab and its IT struggles during the early 2000’s. Then, it presents a study on 504 companies, and IT’s effect on their revenue growth. Lastly, it covers the steps to ensure success in IT’s...
2216 words - 9 pages
We report the community of thermophilic bacteria cultivated from Tanjung Sakti Hot Spring in South Sumatera Indonesia that has temperature 80 – 91 0C and pH 7 – 8. Based on phylogenetic analysis, the 16 sequences of 16S rRNA gene fragments obtained from the community clustered within four distinct genera as Anoxybacillus, Geobacillus, Brevibacillus, and Bacillus. Two sequences that have 96% similarity with data sequences in GenBank, are potentially as novel species/sub species.
Hot spring is a unique area that characterized by high temperature and has a great diversity of natural environments. Understanding of thermophilic microbial diversity has opened up a lot of information about...
1073 words - 4 pages
If we look at a reporting entity's balance sheet we will see a total given for all the entity's assets (this is a requirement of AASB101). This aggregate total is derived by adding together the various classes of current and non-current assets. Do you think it is appropriate that the various classes of assets are simply added together, even though they have probably been measured on a number of quite different measurements bases?INTRODUCTIONAASB requires the reporting entities to include balance sheet in their annual report. The objective of balance sheet is to provide information for internal and external users. Internal users like managers, owners can use the information in the balance...
1310 words - 5 pages
Importance of Performance Metric for IT Governance:
The organization order may deliver good governance, which is capable to add true value to the projects. The metric may have performance with a well-defined management with the means of success to determine the areas to focus on the effectiveness improvement. The carrying out of the metric include the improvement of the quality of IT services, reduction of risks in IT, reduce the cost of delivery services in IT.
They are two types of performance metrics:
1. Development Metrics
2. Services Metrics
Development metrics are used to measure the functioning in the maturation of the IT projects. A service metrics are used to evaluate the success...
1599 words - 6 pages
Those of us that have children know Kraft. Just ask the children what they would like for lunch or a quick dinner. The majority of the time you will hear macaroni and cheese. As with most children they are not easily fooled with store brands or other generic similarities. They want Kraft macaroni and cheese. In some households Kraft is known for their macaroni and cheese, it is a household name. It is strategically located in grocery stores easily for children to see. This exemplifies a great brand and marketing strategy, but a great marketing strategy can only go so far. For some organizations to make that jump from good to great and realize that power of alignment is...
919 words - 4 pages
Organizations derive competitive advantage by outperforming rivals in the execution of activities required to ensure optimum operational effectiveness in providing products and services to customers (Porter, 1996). Operational effectiveness depends largely on the extent to which the organization’s performance management system (PM) is capable of developing the knowledge, skills, and abilities of its people (Allan, 1994). Thus, knowledge of developing and implementing an effective PM system plays an essential role in achieving competitive advantage. Using the table provided in Case Study 1-1 (Aguinis, 2009, pp. 24-25), this paper analyzes the content and efficacy of the PM system being used...
1057 words - 4 pages
INSULATING CONCRETE FORMS ICFs (Insulating Concrete Forms), the new wave of the millennium. All in all, there are over 40 different brands sold in North America. These lightweight foam blocks or panels can be stacked into shape to create the exterior of basements, homes, and low-rise commercial buildings. ICFs have been proven to be very economical. They show this by being more energy efficient, stronger, quieter, and more comfortable than the traditional home. The process is fairly easy also, first the foam forms are set in place and reinforced with rebar. Most ICFs are set in place by dry laid courses with quick snapping rebar placement. Then the forms are ready for...
889 words - 4 pages
In the time of rising competitive environment, organizations need to focus on the importance of investments in human assets as a key source of competitive advantage. To achieve competitive advantage through human assets organizations need to be in possession of human resources that is unique, value adding, inimitable and irreplaceable, whereas to meet these requirements a set of Human Resource Management (HRM) practices is needed. Effective HRM has been identified essentially to absorb a focus upon promoting worker motivation, dedication and development. It is a structure that admits the importance of HRM to the plans of a business, while mirroring efforts by management to build a working...
1158 words - 5 pages
The Technical underwriting financial system (TUFS) was the first largest Information Technology (IT) project ever implemented by Northern Insurance. Like any other IT project, TUFS also requires value assessment. This assessment helps the business people to identify the risks and benefits related to the project. TUFS was mainly designed to increase the efficiency of underwriting processes and to provide strategic e-business capabilities. But the e-business feature was not used by the company from the past two years (Smith & McKeen, 2005).
The anticipated benefits represent expectations, which in this case do not appear to have been clearly defined by IT or their...
2518 words - 10 pages
The seven habits of successful teams are a guideline that can improve the operation and coordination of groups and teams. Many of the concepts from the video were related to the content from the text, Groups in Context. As the seven habits are identified, group three has also identified how they related to the content found in chapters 1 -6 and also other sources. As the future leaders of our communities, these concepts are similar to a roadmap that allows our groups to become as effective as possible.
The first habit of successful groups is identifying the “rules of engagement” (Thompson, 2011). When the group first meets this habit is paramount. This is something we engaged in on our...
961 words - 4 pages
In developing a business strategic plan, the goal is to provide a product or service that ultimately generates profit. More so, this plan helps identifies a business desire at a particular time during the life-cycle, which is beyond the day-to-day operations (http://managementhelp.org/fp_progs/sp_mod/str_plan.htm) OR (http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1079687246&type=RESOURCES). In doing so, incorporating business ethics and social responsibilities initiatives, policies, or best practices are key. For this reason, the dedication consumes a significant amount of time in the decision making process. Each decision made must be carefully thought out and...
913 words - 4 pages
The Industrial Revolution began the blueprint for the future development of public and private infrastructures, known as vertical or "top-down" hierarchy. Traditionally, vertically integrated companies are focused upward toward the managing bureau chiefs. This makes for very inefficient and ineffective processes, because each bureau in effect is a separate business. For example, the quality department is in charge of the quality business. The Purchasing department is in the purchasing business and so on. All the departments within an organization operate on a different wavelength and at a different pace: walking down the hall with their horse blinders on. When the various bureaus attempt to...
735 words - 3 pages
Ethics and values always play an important role in an organization. Society believes ethics and Values are important to the success of a business (Wodrich, 2009). This value alignment paper will introduce my current organization Baker Hughes and will discuss and analyze the origin of my personal and workplace values. What drives my values, actions, and behaviors will also be discussed. The paper will conclude by analyzing the degree of alignment between Baker Hughes' stated values and the organization's actual plans and actions.Baker Hughes is a major oilfield company located in Lafayette Louisiana. The company supplies products, technology and fluid systems to the worldwide oil and natural...
856 words - 3 pages
The relationship between the owners of a company and those who run the company is classified as an agent/principal relationship. In most cases this kind of relationship gives rise to a potential problem called the agency problem. This agency problem usually will occur where there is a conflict of interest between the desires of the principal and that of the agent. This is not a rare occurrence. It has been predominantly found to occur in companies where the directors are the agent and the shareholders who are the owners of the company is the principal.
It is not unusual for managers to sometimes want to pursue their own interests at the expense of the company to whom they...
602 words - 2 pages
The fishing in North America turned out as a very popular job for people, poor men could labor in the New World and get paid a fair amount of money having no knowledge of the techniques what so ever. As the countries joined into the fishing, the banks began to get less plentiful and less of a profit. Salt and preparation also had to be taken care of which meant more employment to cover and more people to pay; the profit slowly began to fall. After encounters with aboriginal groups, the men began to notice the rare furs that they wore and had possession of, the beaver was one of the furs greatly in demand due to endangerment. The merchants began to organize trades for the furs that were...
1613 words - 6 pages
Allstate must consider a loss control strategy because of the unforeseen impact that can affect their bottom line. Understanding the most common and costly claim payouts such as wind, burglary, fire, water, and physical damage can direct Allstate toward a more streamline approach in addressing some controllable claims, which will reduce payouts and increase profits (Allstate.com, 2011).
This assignment will further provide alternatives that can be used as a strategy so that Allstate can achieve additional growth that compliments their strategic vision of reinventing protection and retirement for consumers. In addition, provide clarity as to why differentiation is the best...
3291 words - 13 pages
Executive SummaryUnited Airlines declared bankruptcy in December 2002 and has been struggling since late 2000 with costs exceeding revenue. The company has undergone massive changes, and significant improvements in performance and cost containment but business remains difficult. Low cost airlines like JetBlue and Southwest have been gaining market share with their lower cost point-to-point networks leaving the hub-and-spoke providers at a disadvantage. The Internet has brought about unprecedented price transparency which has also operated against the United model of yield-management. Finally, the company's financial condition prohibits it from hedging rising fuel cost.United has fought back...
1075 words - 4 pages
Intel Corporation, 1968-1997
This case traces the strategic decisions of Intel Corporation which defined its evolution from being a start-up developer of semiconductor memory chips in 1968 to being the industry leader of microprocessors in 1997 when it ranked amongst the top five American companies and had stock market valuation of USD 113 billion.
Intel in DRAM business:
The strategies employed by Intel for DRAM business focussed on:
1. Pushing the envelope of product design
2. Being first to market with newest devices
3. Premium pricing and skim marketing. No emphasis on mass production
Initially, Intel had a successful run in this business as they:
1. Had no...
2077 words - 8 pages
It’s the magnetic field that extends from the earth’s interior to where it meets the solaria stream of charged particles emanating from the sun. The magnetic field resembles the field of a large bar magnet near its center or that due to a uniformly magnetized sphere. Its origin is thought to be generated deep down in the earth’s core.
At the surface of the earth, the pole of this equivalent bar magnet, nearest the north geographical pole is actually a south” magnetic pole. This paradoxical situation exists since by convention a north seeking end of a compass needle is defined as pointing north yet must point to a pole of opposite sense or South Pole of the earth’s magnetic field. The flux...
2492 words - 10 pages
Baseball is America's pastime and a game that most of us love. However, baseball has hit a crossroads and there are some serious issues that need to be tackled before the game can be fun again. It is time to wake up, realize the problems, and make the necessary changes. The problems that exist in baseball include revenue and profit sharing, re-alignment, expansion, and the playoff system. I feel that baseball should modify these current systems to maximize the potential competitiveness of the league.Revenue sharing is the first issue I would like to cover. It also happens to be the most important problem at this time. Since the last labor stoppage in 1994, the only revenue being shared has...
1588 words - 6 pages
Values in life are something that are extremely important to have in my life. A value is something that a person considers to be important to themselves. Financial values vary from person to person. Not everybody wants the same lifestyle. Some people dream of having expensive cars, spacious homes and many possessions. Others search for the simple life, uncluttered by material goods. Our values influence the way we earn, spend, save, invest and spend money. Personal values are influenced by family and friends, by television and movies, and by what attracts us in the marketplace. For example, you may want to go to college, yet you want to earn money to buy a new car. If you cannot afford...
592 words - 2 pages
Business firms may seem to be similar, relying on guide of organizational models. However, in practice, all business is unique, functioning as a distinct arrangement of organizational models, designs and practices. Adoptation of any plan is all to support ‘’inimitable’’ business strategy. Performance measurement is critical in assessing organization overall performance and results are used for strategic planning to develop range of strategies (Tapinos & Dyson, 2005) for achievement of sustainable business success. Without this information and understanding, organizational strategies will not be in configuration with or effective in the business environment. Performance measurement is a...
642 words - 3 pages
Course: International Supply chains and distribution management - Group 11Assignment 1: Honda case studyHonda is one of the world's biggest manufacturers of motor vehicles. It has a world wide market spreading from Asia to North America, Europe and other parts of the world. One of the reasons for Honda current success is that it used Japanese methods to build a proper production system in the UK. Producing a car from thousands of parts is a complex and difficult task. One small change in the production schedule will lead to a disastrous effect on the whole system. Traditionally, the final build at the assembly plant is controlled by what parts are available than what are planned. In Honda...
616 words - 2 pages
Reading and writing are known as the base and roof of education. Knowingly or unknowingly every literate person read and writes every day. Writing is known as a skill or art; proficiency in writing is significant for the students. Time management, effective note taking, and secret to excel in exam like study factors relay on writing. Some people don’t care about their handwriting and continue to worsen it. But good handwriting skill is required for everybody as writing is an ancient method of communication. Comparatively students with good hand writing skill grasp good marks in exam than others.
Good handwriting skill has a lot of benefits, let’s unwrap the secrets to improve your hand...
988 words - 4 pages
American Heart Association Case Analysis
Competitive Strategy and Operational Goals
Since 1924 the American Heart Association has been very successful in raising funds, sponsoring research, and spreading awareness of the causes and consequences of stroke and heart disease. In 2006 in support of their mission statement “Building healthier lives, free of cardiovascular diseases and stroke”, the AHA announced a new strategic goal of increasing their total revenue from $600 million to $1 billion in order to reduce the death rate from coronary heart disease and stroke by 25 percent by 2010. In order to achieve such a lofty goal, the AHA acknowledged the need to identify and develop...
1207 words - 5 pages
In response to worsening global economic conditions and faced with growing international competition, Metropolitan Life Insurance Corporation (MetLife) launched an “Operational Excellence” initiative in July 2008, with the intent to enhance operational productivity and processing efficiencies (“MetLife 10Q”, 2008). Those efforts continue today with aggressive strategies for mergers, acquisitions, and divestitures (“MetLife 10-K,” 2012), which has created an urgency for comprehensive improvement of organizational performance.
Accordingly, the author proposes the adoption of an enterprise-wide quality program modeled on the principles of the Malcolm Baldridge National Quality Award criteria...
755 words - 3 pages
Strategy is a deliberate search for a plan of action that will develop a business's competitive advantage and compound it. For any company, the search is an iterative process that begins with recognition of where you are and what you have now. Your most dangerous competitors are those that are most like you. The differences between you and your competitors are the basis of your advantage. If you are in business and are self-supporting, you already have some kind of competitive advantage, no matter how small or subtle. Otherwise, you would have gradually lost customers faster than you gained them. The objective is to enlarge the scope of your advantage, which can happen only at someone else's...
4923 words - 20 pages
PAGE PAGE 2 Management of change
Running Head: Managing Change and Organisational InnovationManaging Change and Organisational Innovation[Name of the student][Name of the institute]Managing Change and Organisational InnovationIntroductionThe oxford dictionary defines change simply as "make or become different". In essence change if the movement from one situation to another, whether deemed positive or not. The way in which this change is managed and implemented especially in the work place has become more important in recent times where change is needed at almost a constant rate because of the pace of the world around us. (Appelbaum et al 1998 289-301)Culture is omnipresent in every...
3331 words - 13 pages
Fahlenbrach and Stulz (2011) stated that bank CEO incentives can't be answerable for the credit crisis, as their incentives appeared to be aligned with their interest of their shareholders. Find no evidence that they performed better (Fahlenbrach and Stulz 2011). Fahlenbrach & Stulz (2011) discover verification that banks with higher shareholder- management incentive alignment, options holdings or through stock executed worse during the financial crisis. They conclude, “This evidence recommends that CEOs took exposures that they feel were profitable for their shareholders ex ante but that these exposures performed very poorly ex post. Fahlenbrach and Stulz discover no evidence that the...
1087 words - 4 pages
Corporate process improvement is a major factor towards improved efficiency and customer service. An As-Is flow chart of the accrual process is supplied, the relationship to the organizations strategic plan is discussed, the internal and external customers are identified, while potential impact on these customers is noted. The most appropriate quality management tool is used to collect and present data for process improvement changes. Even more, improvement opportunities are identified, and the level of value to the organization is assessed. The simulation Quality Management and Productivity introduces a number of quality concepts that are also discussed in relation to the companys...
3182 words - 13 pages
The History of Magnets and Electromagents Magnets and electromagnets have many uses, every electric motor,
generator or transformer requires a magnetic field for it's operation.
With the exception of a few special types, all use electromagnets. The
magnets mounted on large cranes are used to lift heavy loads.
Magnetism makes the generator supplying the electricity to your home
work and the radio, telephone and most other electrical gadgets work.
The properties of Magnetism were known to the Greeks as early as 700
B.C. It was found that a certain type of ore had the...
2562 words - 10 pages
One of the main causes of the disease known as Rat Bite Fever is from infection by the bacteria Streptobacillus moniliformis. This bacterium is commonly the cause of the disease in North America (Elliot, 2007). This disease is typically difficult to diagnose, leading to a delay in treatment and unnecessary increase in the severity of its symptoms. Cases of rat bite fever are rather rare in North America, and those resulting in death are even less common, making the study of its pathogenesis difficult. In order to better understanding this disease, work is being done to annotate the genome of the bacterium.
Gene annotation is a process in which biological information is attached to a...
2794 words - 11 pages
Gap Analysis: Harrison-Keyes PAGE \* MERGEFORMAT 1
Running head: GAP ANALYSIS: HARRISON-KEYESGap Analysis: Harrison-KeyesGap Analysis: Harrison-KeyesIn looking for solutions in e-publishing, Harrison-Keyes, Inc. (HK) is venturing for viable options for growth.Whether a company chooses to make further investments in its core business or decides to expand beyond its current core, there are only three avenues by which companies can grow their revenue base: (1) organic or internal growth, (2) growth through acquisition, and (3) growth through alliance-based initiatives. This is often referred to as the 'Build, Buy, or Bond' paradigm. Selecting the right growth strategy is not easy. A growth...
1505 words - 6 pages
Final Strategic Plan and Presentation
Effective cross-functional teaming is vital to the success of a company. Successful companies possess common traits in how its employees execute on tactics. A common trait employees at prosperous companies have is the ability to collaborate and work well with other employees in different departments that they rely upon for support or assistance to complete a common goal or objective. “Functional tactics are the key, routine activities that must be undertaken in each functional area—marketing, finance, production/operations, R&D, and human resource management—to provide the business’s products and services” (Pearce & Robinson, 2009, p. 309, para 4)....
1463 words - 6 pages
SmartMart Simulation - The Main ContentThe simulation exercise puts the incumbent in the shoes of a leadership trainee at Corporate Strategy division of SmartMart, a retail grocery chain that combines the mission of environmental stewardship with entrepreneurial spirit in an effort to add value to all their stakeholders. SmartMart is going through a watershed moment where mass market adoption of organic products has set them up against price-leader competitors, eroding their margin and exclusivity of their organic products.In an effort to utilize their core competence to maintain market leadership, SmartMart has thrown their business model up for questioning and challenging, and the...
3914 words - 16 pages
Improving product environmental impact at all life cycles is an important topic for manufacturers of Hi-Tech products. The end-of-life is one stage of the life cycle stages gaining attention in the public realm and in the market. Companies must understand how to improve their products so that the environmental impact will be lower at the end-of-life while also minimizing costs. Environmental value chain analysis is based on the concepts of customer value chain analysis and supply chain management. Customer value chain analysis seeks to identify pertinent customer and other stakeholders' interests, their value perceptions and the relationship between these parties in green product or process...
822 words - 3 pages
The supply chain is a concept resulting from multiple independent entities that affect each other. It is a system made up of many separate units linked together by the process of buying and selling pieces and services that will produce a final product. It is the alignment of firms that bring products or services to market. These entities may be independent companies. The chain can also be within a single firm (Long, 2003).The supply chain consists of all stages involved in fulfilling a customer request. It is a network of facilities and distribution options that performs the function of acquiring materials, transformation of these materials into finished products, and the distribution of...
836 words - 3 pages
Companies should ask three critical questions as they shift from cost-cutting to expansion mode.In recession, most companies know what they need to do: cut costs. But in recovery, corporate muscles that have gone unexercised must be flexed anew. In preparation, boards and top managers would do well to ask three basic questions.What is success?In earlier eras, the success of a company was judged by a mixture of measures, including its fundamental economic performance, its reputation with customers and employees, its stock price, and its responsibility to society at large. That changed in the 1980s and 1990s. Academic theory, the takeover boom, and shareholder activism led to a focus on...