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1. Can the balanced scorecard framework also incorporate benchmarking and the theory of constraints?
2. What's a constraint?
3. Consider your own goals and the resources and activities you are currently bringing to bear in order to achieve your goal. Now try to focus, not on your sub-goals which in all probability are many and may include having a holiday and getting tickets for the theatre, but on your key goal. With this firmly in your mind, reflect on your constraints - is your constraint resource based, ie time?; market based - increased market share or growing the business?; or is it policy based - only men are promoted to director in this company.
1. Is Skinner's idea of operational focus just as relevant today? (Give a considered opinion - with examples.) Answer: The answer is yes. There are physical limitations in many
The historical development of operation management.
Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might yo
Assume XYZ stocks last dividend was $3. The dividend growth rate is expected to be constant at 5% for 3 years, after which dividends are expected to grow at a rate of 6% forever. X
Problem 1: Team working is gaining importance in modern organisations. Do you agree that all members of an organisation could be expected to be team players? Discuss with exa
1. Porter (1996) attempts to resolve the issue of Skinner's quandary with trade-offs by introducing the concept of a productivity boundary and operating efficiencies. Explain where
Process Selection There are many production processes moreover a part or a component can be manufactured by two or more processes. The process engineer should select a proces
Why doesn't Lincoln Electric Company want to join a union?
What are the 5 criteria for evaluating a selection method?
Breadth of Supplier Base - Many or Few Suppliers The traditional approach to supplier selection is to prepare a tender document and request a quotation from a range of suitabl
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