Why is quantitative analysis sometimes referred to as management science?
Discuss the value of Statistics and how Business Decision Making can benefit from utilizing statistics. Give an example how 2 different persons within a company can utilize statistics but in a different way.
What are some ethical or legal issues faced by quality managers in your organization or in an organization with which you are familiar or in general? How are these issues best addressed? Wadsworth, H., Stephens S., and Godfrey, A., ch. 6-7 as helpful; review pp. 115-123; read 322-324, & 390-397.
Success Factors, Strategic Roadmaps, Tactical Objectives, External and Internal Environmental Analysis
1. What are the attributes of Critical Success Factors in general? 2. What is a strategic roadmap? 3. Why do we align tactical objectives with the chosen strategy? 4. How do the tactical and roadmap reflect the conditions presented in an external and internal environmental analysis?
Compare and contrast three common metrics used to measure quality.
What types of qualitative and quantitative tools can be helpful to identify a problem's root cause or to improve a process?
What are the similarities and differences among popular quality management philosophies? (Choose three.)
Part 1: You have heard that many companies use Operations Management (OM) tools. You asked your supervisor what he thought about this. Your supervisor requested that you research the idea and present it at the afternoon manager's meeting to see if it is something valuable to use. He had asked that you make sure to find example
What are the best criteria for selecting a project? Does this change according to the type of project, the industry, or organizational structure?
1. There are six primary objectives of JIT, name at least three. 2. What are some characteristics of a push vs. a pull system? Provide at least two characteristics for each system. 3. The JIT philosophy on inventory management involves many principles, name at least four. 4. Provide at least four benefits of J
I am writing a strategic plan for a clinical laboratory and need assistance on the change I am proposing if it is considered long term and if not if you have any suggestions for a plan.
I am writing a strategic plan for a clinical laboratory I am having a problem trying to decide if the change I am proposing is long term and if it is how do I explain it and if its not do you have any suggestion for aplan for well established clinical laboratory key objectives Patients, growth, people(employees). My plan is t
Define lean operations, list and evaluate the types of such techniques and concepts that are currently being employed (or should be employed) at any company except CBS.
You do not need to actually solve the problems just respond to the questions for each problem. Please see attached. --- For these three problems answer the following questions: a. What financial concept or principle is the problem asking you to solve? b. In the context of the problem scenario, what are some business
VF Inc. produces a small coil compression spring used in toys. The process characteristic of interest in testing this spring is the compression distance when a 5-lb. load compresses the spring. The average compression distance of all the springs produced has been specified at 6 cm. The output is normally distributed and the popu
1. A process is termed as six-sigma when the (circle one of the following): a. process produces exactly six defects per million b. design or customer tolerance limits are six standard deviations away from the mean c. process control limits are set at six standard deviations from the mean d. process control limits have six t
If Six Sigma is the current state of the art....what is next? With continuous improvement a founding principle of TQM, where does quality go next? This is just you opinion....but based on your experience..... what needs to change for companies to go beyond Six Sigma.
A manager states that his process is really working well. Out of 1,500 parts, 1,477 were produced free of a particular defect and passed inspection. Based upon Six-Sigma theory, how would you rate this performance, other things being equal. Please provide an example!
1.General risks that would be inherent to a company and how to quantify these risks. 2.Would need to be able to incorporate how the timeliness, size and risk of cash flows play a part in the assessment. 3. How would you quantify these risks? 4.If you were doing a beta calculation using two sets of excess returns, what would
1. Examine operational feedback and command/control mechanisms for my global venture. Include a suggested ORGANIZATIONAL CHART. 2. Evaluate various EXIT STRATEGIES, such as DIVESTITURE of ASSETS, HANDLING OVET TO JOINT PARTNER, DIVERSIFICATION, or SHUTTING DOWN OPERATION, and CONTINGENCIES for my global venture. My global
Select a CEO of a prominent organization that you believe exemplifies the positive aspects of strategic leadership and discuss the actions he/she takes and their impact on business performance.