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The concept of best practices is simple: Do not recreate the wheel. For this week's Discussion, please research and find an article relating to best practices that you find truly interesting. Find a company or situation that created a best practice that others follow, or find a best practice that was implemented and proved effective, efficient, and innovative. Answer the following questions relating to the article and your own experience with best practices: Please describe the background for the article you researched and explain why this particular best practice scenario appealed to you. What did you learn from the situation that you could apply to your own life? Best practices are for not only our professional lives, but our personal lives as well. Please describe a situation in your life that needed some type of improvement and, after observing someone else in a similar situation handle things differently, how you decided to implement your own best practice. Is this best practice still effective, or have you improved it?
Evaluate the company's business strategy and global competitiveness plan. Conduct an internal assessment using SWOT analysis.
Formulate and solve the following problem to maximize profit: Our company sells two types of novelty items to local bookstores. Type 1 generates $3 profit for each unit sold and Type 2 generates $5 profit for each unit sold. If the labor hours availa..
Specify the role of social responsibility in an entrepreneurship venture. Discuss three to five benefits of social responsibility for the organization and for the community in terms of visibility, positive corporate image, recruitment tool, and the s..
In your judgment, and from an ethical point of view, should Turner Construction and/or B& C Steel pay for all or part of the $2,428,000? If they should pay only part, indicate which part. In your judgment, and from an ethical point of view, should El..
A basic difference between infinite-source and finite-source queuing models is the:
The Stillman School of Business is thinking about starting a Continuing Education Program in which students can earn a Certificate in Financial Planning. They expect that the upfront costs of the expansion will be $100,000. The cost of capital for th..
Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing the product or service relative to legal, ethical, environmental, profitability, competitive, design, and production i..
The discharge in a Chapter 7 does not affect _______ amongst other non-dischargeable debts. A) Alimony; B) Child Support; C) debts not disclosed in court; D) all of the above. Bankruptcy reports are retained in credit bureaus for _ years. A) 5 B) 7 C..
he emergence of the European Union, the Timothy McVeigh execution, natural disasters like hurricanes, floods or droughts). Also, explain how or if the event affected your city or community. Respond to at least 2 of your classmates' postings.
How would you go about analyzing an organizational structure in terms of creating a work breakdown structure? What are the major organizational characteristics that you would evaluate? Provide an example to support your response.
Evaluate different operations management principles and techniques that can make businesses more profitable today. Select one service company of your choice and discuss at least three operations management challenges the company is facing.
Submit a paper discussing the following: Who are the critical stakeholders involved in this negotiation? What are their roles and priorities? Explain the role and position of each of the stakeholders and describe how their interests may differ dep..
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