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Successful organizations are also those who are able to make relatively accurate forecasts about the future needs (inventory, facilities, capacity, manufacturing, manpower) for the products produced or the services delivered. Forecasting is an uncertain science since it calls for predictions but current theoretical and mathematical models (quantitative and qualitative) make it possible for organizations to predict with an acceptable margin of error. Think about it this way; without forecasting organizations would always be responding rather than acting. Select one industry from the list below: Bank, restaurant, health clinic/hospital, airline, or university.
What specific variables would be needed by that organization in order to forecast? Be sure you explain why you selected each variable and why it is important to forecasting. Which variables are used for short-range forecasting, long-range forecasting, or for both. Make sure you support your selections.
The Arnold Palmer Hospital Case described in the text is a good example of a company following a quality improvement strategy. What are the things that make their quality improvement initiative successful? What are some of the techniques they use?
12-15 slide powerpoint 100-200 words of speaker notes per slide in preparation for your overall logistics white paper
You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
Your company has a small but persistent core of about half a dozen of employees who can’t seem to come up to speed on rapidly-changing technology in your firm, and revert to old patterns of work. To what degree should their seniority and loyalty to t..
The federal government uses many techniques to ensure that multiple high officials are not exposed to the same vulnerabilities at the same time. For example, the president and the vice-president would be taken to separate safe areas in the event of a..
Suggest at least two (2) ways that your management style is likely to help or hinder you from being an effective manager. Provide an example to support your response.
Which if any of the resources are over allocated? Assume that the project is time constrained and try to resolve any over allocation problems by leveling within slack. What happens? What is the impact of leveling within slack on the sensitivity of th..
A budget is a single-use financial plan that covers a specified length of time. The next step in the human resource planning process, after taking a human resource inventory, is determining net human resource requirements. In considering selection of..
Power often accrues to individuals who are very effective in their jobs or to firms that enjoy sustained high performance. If this is so, how is power different from basic competence, efficiency, or performance?
Consider an oil-wildcatting problem. A decision maker has mineral rights on a piece of land that he believes may have oil underground. There is a 30% chance that the decision maker will strike oil if he drills. If he drills and strikes oil, then the ..
How do you make decisions when they conflict with your personal ethics and instincts? What personal values and ethical standards do you consider most important when making decisions? Provide an example that you have experienced or observed that suppo..
What is the purpose of controls? Describe any three types of control systems. What are the characteristics of effective project teams? Describe the four things that are necessary to promote the partnership idea between the project manager and the tea..
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