Create the maximum level of success for the business

Assignment Help Operation Management
Reference no: EM131437821

Managers in charge of a product or service need to decide how to use finite resources to create the maximum level of success for the business. One decision managers need to make is whether to maximize profit margin or gross profit. What issues could cause a manager to make a decision that is not in the best interests of the company? How can this be avoided?

Reference no: EM131437821

Questions Cloud

Potential applications to health care project management : Based on this resource, write an overview on Project 2010, and its potential applications to health care project management. Include the following:
How to do a stem and leaf plot : Is there anyone out there who knows how to do a stem and leaf plot?
Leadership traits-behaviors and style approach : 1. Select one public/business/entertainment Leader operating today, and provide (based on Chapter 10 of the text and a review of external material about this figure) a 250 word summary of his or her Leadership Traits, Behaviors and Style/approach.
Promotion and pay histories in mathematical formula : Google began crunching data from employee reviews and promotion and pay histories in a mathematical formula to identify which of its 20,000 employees were most likely to quit. Applying a complex equation to a basic human resource problem is pure Goog..
Create the maximum level of success for the business : Managers in charge of a product or service need to decide how to use finite resources to create the maximum level of success for the business. One decision managers need to make is whether to maximize profit margin or gross profit. What issues could ..
Aspect of leadership that intrigues : Question: Is there a leader who inspires you (real or fictional)? What do you aspire to be as a leader? Is there an aspect of leadership that intrigues you? Amuses you? Concerns you? What's your philosophy of leadership?
Characterize relationship between an enterprise and customer : Some of the distinct qualities characterize a relationship between an enterprise and a customer. For example, a business relationship is mutual, interactive, iterative, and _________. What is a balanced scorecard using the four perspectives of financ..
Components of a hearing conservation program : Briefly describe the components of a hearing conservation program. Summarize the pros and cons of different types of hearing protection devices. Your response must be at least 200 words in length.
It network companies such as cisco and juniper : Which diagnostic change model is most compatible with IT network companies such as Cisco and Juniper?

Reviews

Write a Review

Operation Management Questions & Answers

  Common approach to developing a workcenter layout

What is a company trying to optimize in the most common approach to developing a workcenter layout? What happens to production efficiency as the customer exerts more influence on the system?

  Intro to cost management system

(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, dis- cuss whether it is a detector, assessor, effectors, or communications network: Comparing a..

  Economic forces shape national culture

How do political, legal, and economic forces shape national culture? What characteristics of national culture do you think have the most important effect on how successful a country is in doing business abroad?

  Duties and obligations with respect to the casters

Frank is the receiving dock supervisor for Cabinet Co., a company that manufactures metal storage cabinets. His job is to supervise the inspection, and stocking of components and materials used in the manufacture of the cabinets as they are delivered..

  Difference between land bridge-mini-bridge and micro-bridge

What options do exporters and importers have to manage risk? What  is the difference between a land bridge, mini-bridge and a micro-bridge. IdentiIdentify some of the advantages and disadvantages of over-the-road carriers compared to the other modes ..

  What are the relevant facts and legal issue

You have been in business and profiting while making a well-established name for your business. Five years ago when you started your business, you created a special logo and unique name for your company. You also checked your name and registered with..

  Oversight government provide over administrative agencies

What oversight can each branch of government provide over administrative agencies. What is the difference between Article I and Article II of the Sherman Act

  Describe the financial situation of the company

The financial situation of the company has changed substantially since we first analyzed the proposal; your manager wants you to make changes to the previous Excel spreadsheet. A more conservative analysis should include the following changes

  In object-oriented development and system testing

In object-oriented development. System testing. Users prefer systems that:

  Defined here as total liabilities divided by total assets

A company’s book-value based debt ratio (defined here as total liabilities divided by total assets) is 67.4% which strikes me as being a little too high relative to the competition. I decide to recalculate the debt ratio using market-value based info..

  What were the major accomplishments

What is an organization that has successfully utilized the six sigma process? What was the purpose of the project? What was the outcome of the project? What were the major accomplishments or milestones associated with each of the five steps?

  Considering the leadership concepts

What was the most interesting thing you learned about this leader or from the presentation given? Considering the leadership concepts, which of those concepts stand out most clearly in this video? What positive attributes (if any) are displayed by th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd