Reference no: EM132180238

Answer the question in the Exercise for Simulation participants on p. 343 as they relate to your company.

Company is Organic Coffee and Beverages in Orangeburg, SC.

Page 343 questions:

EXERCISE FOR SIMULATION PARTICIPANTS

Have you and your co-managers allocated ample resources to strategy-critical areas? If so, explain how these investments have contributed to good strategy execution and improved company performance.

What actions, if any, is your company taking to pursue continuous improvement in how it performs certain value chain activities?

Are benchmarking data available in the simulation exercise in which you are participating? If so, do you and your co-managers regularly study the benchmarking data to see how well your company is doing?

Do you consider the benchmarking information provided to be valuable? Why or why not? Cite three recent instances in which your examination of the benchmarking statistics has caused you and your co-managers to take corrective actions to boost company performance.

What hard evidence can you cite that indicates your company's management team is doing a better or worse job of achieving operating excellence and executing strategy than are the management teams at rival companies?

Are you and your co-managers consciously trying to achieve operating excellence? Explain how you are doing this and how you will track the progress you are making.

Does your company have opportunities to use incentive compensation techniques? If so, explain your company's approach to incentive compensation.

Is there any hard evidence you can cite that indicates your company's use of incentive compensation techniques has worked?

For example, have your company's compensation incentives actually increased productivity? Can you cite evidence indicating that the productivity gains have resulted in lower labor costs?

If the productivity gains have not translated into lower labor costs, is it fair to say that your company's use of incentive compensation is a failure?