MGMT7.04 Strategic Operations Management Case Study 1 Due Date: 20.03.2015 Structure 1. Introduction 3 2. Hagen Style’s important operations resources 3 3. Hagen Style’s market requirements 4 4. Courses of action 5 4.1 Three alternative courses of action 5 4.2 Evaluation and justification of courses of action 6 5. Recommendation 6 References 8 List of figures 8 1. Introduction Hagen Style was a firm which sold kitchen equipment‚ tableware and small gadgets. It was a very strong
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Assignment 2 "Operations Decision" Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6‚000 units of output per month (working 20 days / month). The daily wage (per worker) is $70‚ and the price of the firm’s output is $32. The cost of other variable inputs is $2‚000 per day. You are told that the firm’s fixed cost
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Case Study: Hard Rock Café 1. Describe three different forecasting applications at Hard Rock. Name three other areas in which you think Hard Rock could use forecasting models. The first forecasting application that Hard Rock uses is the point-of-sale system (POS)‚ they can analyze sales data‚ maintain a sales history‚ and improve their pricing of products. The second application Hard Rock uses is the 3-year weighted moving average to help evaluate managers and to set their bonuses. And the
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MCDONALDS CASE PART B I. INTRODUCTION McDonalds is a very famous fast-food restaurant with more than 31‚000 worldwide branches. Its main dishes are hamburger and fries. McDonalds has limited choice of food but in turn it serves its patrons fast. However‚ the restaurant is about 41 years olds now and consequently it becomes penetrated and mature‚ it has more competitions and tough challenges. In Operation management term‚ McDonalds has highly qualified operating system‚ its kitchen and its management
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CHAPTER I THE PROBLEM AND ITS BACKGROUND This chapter designs what the research study is all about and what it intends to answer. It gives an overview of the scope of the study and its limit. Moreover‚ it also shows the concept and purpose of having this research study. Introduction Engaging people in a certain area with organization‚ programs and development is part of community involvement. Community service is an important responsibility of all. As a member of community‚ we need to know
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Chapter 1 Operations and productivity 1. Why should one study operations management? We study OM for four reasons. We study how people organize themselves for productive enterprise. We study OM because we want to know how goods and services are produced. We study OM to understand what operations managers do. We study OM because it is such a costly part of an organization. Productivity can be measured in a variety of ways‚ such as by labor‚ capital‚ energy‚ material usage‚ and so on. At Modern
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Introduction This paper analyzes the case article entitled “IKEA: Design and Pricing”. It aims to analyze IKEA’s business strategy of introducing its “good quality at low price” products in North America and identify the factors and strategies that IKEA must consider and apply to ensure its success. IKEA’s Challenge: Products Success in North America IKEA is known for its product strategy of providing low cost household items. This is made possible through IKEA’s constant process of driving
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As an assistant in the Hard Rock Corporate Identity Division‚ you have been asked to draft a persuasive e-mail message to be sent to the Edinburgh International Comedy Festival l. In doing research‚ you learned that this festival is one of the three largest comedy festivals in the world‚ alongside Melbourne Madness Festival and Montreal’s Just for Laughs Festival. An annual event‚ the Edinburgh International Comedy Festival takes over this Scotland city each autumn with stand-up comedy‚ cabaret
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have recently inherited my Grandfather’s coffee shop‚ The Broadway Café‚ which is conveniently located in Troy‚ Michigan near Walsh College. The café offers many different kinds of specialized coffees‚ teas‚ and a full service bakery. Since the café opened in 1952 it has been a local hotspot for people near the neighborhood. Unfortunately‚ my Grandfather was very “old school” so the café is in great need of some renovation. The Café needs faster ways to put in orders‚ track inventory and sales‚ and
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Revenue In 2007 turnover amounted to $221.000.000. In 2011 the turnover was $342.000.000. There is a real increase over the years. Customers 70% of its sales circuit cafes‚ hotels and restaurants‚ 20% for individuals and 10% in companies‚ these are illy’s customers. Illy has developed solutions for small restaurants‚ small hotels‚ cafes and other places of conviviality where coffee consumption is low but still want a perfect coffee. The company offers machines meeting the needs of its business customers
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