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According to a July 12 article by the New York Times Editorial Board, China was recently given a "sweeping legal defeat over its claims to the South ChinaSea" when a five-judge tribunal in the Hague declared that "under the United Nations Convention on the Law of the Sea, China had no legal basis to claim historic rights over most of the waterway, which is rich in resources and carries $5 trillion in annual trade."
a) Why is government intervention (in this case the existence of the Law of the Sea) required for dealing with valuable natural resources, such as the South China Sea? Demonstrate and explain.
b) What is the most efficient way to manage such natural resources? How does this address the issue identified in (a)? Explain.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
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