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Recently, you attended an alumni gathering online. A friend from your days at your university proposes you form a partnership to offer consulting services. That friend currently has a contract in hand that would provide approximately 12 months of engineering consulting work for the two of you at about $100,000 a month that you will share equally plus per diem expenses and travel (paid by client). To do this partnership, you must resign from your day job at Engulf and Devour where you are currently Manager of Stochastic Modeling at a salary of $125,000 per year plus various benefits including health care and retirement worth about another $50,000 per year. Things are looking bleak at E&D as you are finally experiencing the joys of management under budget reductions. A new job might be attractive. As a dedicated follower of this class, you recognize a number of issues that you must address before forming this relationship. Of special interest is your concern about the future for the new partnership. formulate your plan for developing this firm.
Review the Operations Strategy of Anglo American Platinum
Missouri was International Shoe Corporation’s principal place of business, but the company employed between 11 and 13 salespersons in the state of Washington who exhibited samples and solicited orders for shoes from prospective buyers in Washington. ..
What is the proper role of the government in the provision and funding of education, healthcare, housing, job security, care of the elderly and public safety? Can and should the government continue to fund the social safety net for its citizens?
Unfortunately, your best friend has been diagnosed with an illness that will ultimately prevent him from managing his own finances. Your friend has the utmost trust in you and is confident that if the need arises you would make the best decisions as ..
Patients who do not return home directly from the hospital are transferred to a lower level of care. Transitional care can take place in many different types of health care settings, such as a skilled nursing facility, long-term care facility, or sub..
Michael Porter’s theory of the Five Forces of Competition and his theory of Competitive Advantage provide models for analyzing business phenomena. Are they useful to business leaders? Why or why not? Cite examples of specific real world organizations..
A manager assembled the following information about an infinite source waiting line system: one server, an arrival of 8 per hour, and a service time of 6 minutes, Determine each of the following:
Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1300 units. Annual demand is 5200 heat sinks, the annual inventory holding cost rate is $3 per unit, and the..
What was the Industrial Revolution, and how did it change the structure of work in the United States? What effect did this shift in economic systems (from a largely agrarian society to an industrial society) have on workers and their families?
A firm had the following annual data: COGS = $1,265M; Raw material used = $500M. Based on this data, can we calculate the weeks of supply of raw material although the average aggregate inventory value for raw material is not given?
Actual demands for the last four months are as follows. Month Demand March 6 April 8 May 10 June 8 what is the forecast value (model generated value) for May and June using exponential smoothing with Alpha = 0.2? Assume actual and forecast values for..
Big data – what is it and how is it used? What is big data? Who utilizes it and why would a company be interested in big data? What does big data provide for a company? What are security concerns regarding big data? What privacy concerns should indiv..
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