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The Japanese firm Matsushita has a business philosophy from the strong founder Konosuke. This business philosophy was codified as the "Seven Spiritual Values" of Matsushita that al
What is Lean Six Sigma, please explain and give examples, thanks
Process Capability Index - Measure of the Inherent Capability This index provides a measure of the inherent capability of a process by simply relating the 6σ spread of the pro
Objectives of Routing a. Determining the most feasible sequence of operations and ensuring that this sequence must be followed. b. Utilizing the physical human resources mate
Explain the consequences of risks
Procedure of Production Planning 1. Production Material: The information is derived from an analysis for the production into its separate components and units to det
A bank manager wants to determine the percent of time that tellers are working and idle. She decides to use work sampling, and her initial estimate is that the tellers are idle 30
1. Explain what Quinn refers to as the managerial 'classic trap' in strategy formulation. Answer: Quinn (1988) criticises those who see strategy formulation and implementation
Within the food service industry, find examples of firms that have sustained competitive advantage by competing on the basis of (1) Cost leadership, (2) Response, and (3) different
what is operation management in terms of productivity
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