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Tom and Eddie's, is an upscale hamburger restaurant in the Chicago area. Started in 2009 at the height of the recession, the partners had difficulty securing bank financing, so they financed the operation themselves with the help of a third partner. The partners had long and successful careers as executives with McDonald's and, recognizing the importance of the financial function, they hired another former McDonald's executive as CFO. Tom and Eddie's had 3 restaurants and wanted to expand to 10 stores and then franchise the operation. There are many considerations in planning and opening new restaurants, including the demographics of the area, the square footage of the surrounding commercial space, ease of access and even the design of furniture and equipment. The restaurants incur "known" costs, such as rent, payroll, taxes, utilities and other recurring costs, and cash flow is important in managing these costs because of the significant "unknown factor," which is sales. Tom and Eddie's also use a very technology-intensive inventory management and control system because of the perishable nature of the ingredients used by the restaurants.
Formulate this problem in algebraic form. That is, define the decision variables, and express the objective function and all constraints in terms of these decision variables.
How do both external and internal analysis impact short-term and long-term organizational goals and how is this translated in a company's strategic choice?
Would you consider Woodside a people-oriented or a task-oriented leader? Discuss which type of leader, people-oriented or task oriented, you think would be best for the new research director at Sunshine?
In the 1990s, insurance companies and risk managers shifted away from historical losses as the primary means of estimating future losses. Does this make sense?
In a general sense, what kind of decision are made in baseball? would you characterize these decision as structured or unstructured problems? Explain. What types of decision making condition would you consider this to be? Explain.
Change or Status Quo - CASE (Adapted from "Change or Status Quo" Wiki-Cases in Management by James Clawson)
Secaucuss Co. has been in the business of manufacturing office supplies for the last five years.
Describe the different ways you might gather information about a staff member's workplace performance and what are the benefits of evaluating and monitoring staff members on a continuous basis?
Conduct research on the Fibonacci sequence. Write a 250 word summary of the information. Include examples and real world application for it.
How does operational executor skills bring fresh perspective to the organisation concerned?
Discuss how today, the internet has brought millions of unsecured computer networks into communication with each other.
Discuss specifically the key drivers for the change in demand along with the steps that were taken and the expected impact. Be sure to provide any URLs you used as a reference source for your answer. The selected article must provide well-rounded ..
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