Explain changes to the compensation and incentives

Assignment Help Operation Management
Reference no: EM13751908

You are encouraged to choose a company for which you currently work or have worked, but you may choose some other firm if you believe it will be a compelling analysis.

You may choose one area of the company, such as a manufacturing plant or product design, to focus on if you can make a strong case.

Your recommendations should have the following features.

Repeatable: If you "fix" three things in a manufacturing plant, you should be able to tackle the "next" three in iteration.

Scalable: If they work in one plant, they should work in all of them.

Replicable: Your process for improvement should be repeatable in different, disparate parts of the organization.

This is a key initiative at the "C" level, and your recommendation will reach the board of directors.

Your paper must include the following sections:

Strategic Overview: (1 page)

Provide a brief description of the following elements:

The company, including its products or services

Marketing strategy: target market segments, value proposition, market position, and source of competitive differentiation

Organizational structure

Any other relevant facts

Analysis of the Supply Chain: (4 pages)

Analyze the supply chain for your identified company by explaining the following key elements of the supply chain:

Identify key inputs, including less tangible assets, such as human resources and information. How are these key inputs sourced, reconfigured into a product or service, and delivered to your customers?

Identify the key processes that add value, and evaluate the supply chain performance relative to the competition. What are the key inputs for each process? How are these inputs processed or configured into the final offering for your customers?

What is the value added at each step?

What is the role of information technology and e-commerce in serving your customers?

What are the key performance measures for evaluating your supply chain?

Research online sources to explain how the performance on these measures compares to that of your competitors?

Plan to Improve Operating Processes: (3 pages)

Create a plan for improving the performance of three specific operating processes in your company. Your plan should address the following:

Identify three elements of the supply chain that you recommend as targets for improvement.

State the performance improvement opportunity for each element, and indicate how it will improve process speed, quality, efficiency, and productivity.

Explain what specific action or change you recommend for each supply chain element selected.

Explanation of the Results of Performance Improvements Regarding Product or Service: (2 pages)

Explain the following:

How will your product or service be improved as a result of these changes to the supply chain activities?

How are you altering the specific features or attributes of your product or service?

Why are these specific changes important to your customers?

How do these changes enhance the value proposition and competitive position of your company?

What lasting capabilities and improvement are you introducing into your company through these changes?

How will you measure the scope and impact of your improvements? What are your key performance indicators?

Assessment of the Impact on Human Resources: (1-2 pages)

Detail how your plan impacts your company's HR and human capital strategy by explaining how the organization's structure supports the new process configuration you are recommending. Your response should address the following questions:

Are the roles and responsibilities in your organization properly defined and aligned to enable these changes? Who will perform these new/modified process activities, and what changes to their jobs do you anticipate?

Is decision-making authority assigned so that the process changes you propose can be implemented and properly managed under the current structure? Who will own the process and the results? Based on the current structure, will they have the authority to make changes as necessary?

Are the individuals with the right skills in place to implement these changes? If not, how will you attract the talent necessary to implement your changes? How will you retrain the existing employee base? How will you handle attrition? How will you reduce the risk of impacted protected classes?

Changes:

Explain changes to the compensation and incentives at your company that are necessary to reinforce your recommendations and increase efforts for continuous improvement throughout the organization. Explain how your plan motivates employees, customers, and suppliers better.

Write an 10 page paper in Word format. Apply APA standards to citation of sources.

Reference no: EM13751908

Questions Cloud

Create a project for claytors cottages : Create a project for Claytor's Cottages, a small bed and breakfast. Use an MDI form with a menu, a con­text menu, a toolbar, and a status bar
Describe principal effects of china''s increasing prosperity : Describe the principal effects of China's increasing prosperity on U.S./China relations. Is the rise of China a good thing or a bad thing for the U.S.? Explain your answer
Considering updating the copier machine with a faster model : Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to process all the necessary copies within the regular work week. Management is considering updating the copier machine with a f..
Describe value of branding for both buyer and seller : Is Microsoft's Vista operating system software a product or a service? Describe the core, actual, and augmented levels of this software offering.
Explain changes to the compensation and incentives : Explain changes to the compensation and incentives at your company that are necessary to reinforce your recommendations and increase efforts for continuous improvement throughout the organization
Cash flow statement for the company : A lender wants to know if they can collect on their loans. A cash flow statement for the company owing the money will help the lender to predict all EXCEPT:
Sales territories or boundaries : To what extent have you been engaged in implementing or changing strategies in some or all of the following areas: sales territories or boundaries, opening or closing facilities, hiring or reducing employees, changing pricing strategy, developing or ..
Assume that the preferred shares are cumulative : Assume that the preferred shares are cumulative, and that no dividends had been paid for 2012 and 2013. If total dividends to be paid for 2014 are $200,000, how much dividends will be paid to the common stockholders?
Define each of the bill of rights amendments : Define each of the Bill of Rights Amendments. Discuss the Bill of Rights with special emphasis on those Amendments related to due process protections and criminal procedures.

Reviews

Write a Review

Operation Management Questions & Answers

  Develop a proposal define the problem

Develop a proposal (Justification, Benefits, Integrate with course material and other internet and academic research material)

  Company is considering the introduction of a new product

Your company is considering the introduction of a new product line. The initial investment required for this project is $500,000, and annual maintenance costs are anticipated to be $35,000

  Determine lower and upper control limits for mean chart

Loan Processing times are being monitored at a local company. Samples of six observations each have been taken, and the results are listed.

  What is the roic

Variable costs cover such things as electricity and heat and run $1.25 per month for each square foot occupied. a. What is the ROIC? b. What would be the new ROIC if Oscar decides to charge rent of $5.00 per square foot per month?

  Compare and contrast the critical path method

Compare and contrast the critical path method (CPM) and program evaluation and review technique (PERT). What type of project characteristics might favor PERT as the preferred project management tool?

  Use epq to calculate the the order quantity

Use EPQ to calculate the the order quantity? What is the total annual inventory cost of the EPQ plan?

  How did composers vary the standard structure of symphony

How did composers vary the standard structure of the symphony?

  Explain the impact that the communication process played

Explain the impact that the communication process played in resolving or escalating the conflict. What was the resolution. If positive, how could you incorporate that conflict resolution style in your communications

  Case study- the project contracting

Consider the Project Contracting Case. The fact that the established incentive plan did not fit with current strategic thrusts is obvious. This resulted in significant problems for company X. Yet, a change management plan was not easy to develop. ..

  Ebbie is upset by the fact that his professor apparently

Debbie is upset by the fact that his professor apparently discounts the value of experience in managing people, and she cannot see how a conceptual framework that some professor dreamed up can help her manage people better.

  What are the challenges associated with acquiring

What are the challenges associated with acquiring and deploying an ERP system? Cite any references you use at the end of the paper.

  State a normal probability distribution

For many waiting line situations, the arrivals occur randomly and independently of other arrivals and it has been found that a good description of the arrival pattern is provided by. A normal probability distribution.

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