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You are an investor in small businesses, and you have three business plans on your desk. Choose one of the potential business owners listed. Explain why you think that would be the best bet for an investment.
1. A recent college grad, full of energy and ideas, but short on expertise.
2. A middle-management corporate refugee desiring a business of her own after frustration with bureaucratic red tape.
3. A serial entrepreneur who has previously started seven businesses (three of which were huge successes, whereas four failed, losing entire investments).
List one of the seven management tools and discuss how they might be used in developing a new product.
Should the plant manager come from inside the current managerial ranks or be sought from outside?
What do you understand by “line balancing”? What happens if balance doesn’t exist?
What is the capacity of the line now? Again, assume the firm has hired a fifth worker, Assume further that tasks are allocated to maximize capacity of the line and that tasks ca
Discuss the strategic importance of layout decisions. How important as these decisions in terms of a company's long-term profitability goals? What are some examples?
The local hospital's emergency department has 5 trauma bays. On average, patients requiring a trauma bay arrive every 50 minutes (with a coefficient of variation of 1, no seasonali
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in anot
Differentiate between avoiding a risk and accepting a risk. Indicate the implications to your project that each might have.
Needs to know how to run office affairs and to handle the paperwork of all customers as they come in each day, and take care of the work load of the employees as to setting up the
Project often require trade-offs among all of the following EXCEPT- A. Scope (size) B. Cost C. Schedule D. Programs
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