Reduce the organisation total revenue and profit

Assignment Help Business Management
Reference no: EM131595320

Case study

Sonia is the production manager at an electronics manufacturer. She has just been notified of a fire at a key supplier, which means they will not be able to deliver for months. This supplier provides the components for their most popular computer game console. It is September, one of their busiest months, as they produce stock for Christmas sales.

This has the potential to significantly reduce the organisation's total revenue and profit. Sonia knows she cannot resolve this alone. She calls a meeting with the:

  • Purchasing Manager
  • Warehouse Manager
  • Sales Manager

Sonia knows the team needs to decide their approach quickly, or they will miss the Christmas opportunity. She decides to plan the meeting so that the time is spent constructively and results in an action plan.

1. What problem-solving techniques might Sonia use to resolve this concern? Why would these be useful?

2. What criteria might Sonia and the other managers use to choose between alternative solutions? Why are these appropriate?

3. Why is it important to involve other areas of the organisation in developing an action plan to address this concern?

4. Sonia reports to the Operations Manager. What upward communication may be required as part of resolving this situation?

TASK 2:

Deliver a 10-15minute presentation on your favourite topic from this unit.

Reference no: EM131595320

Questions Cloud

General tendencies influenced by bounded rationality : Briefly describe bounded rationality. What are the three general tendencies influenced by bounded rationality?
Briefly describe bounded rationality : Briefly describe bounded rationality. What are the three general tendencies influenced by bounded rationality?
Determine whether e and u are independent : Four coins are flipped. E is the event that exactly one coin comes up heads. U is the event that at least three coins come up tails.
Which benefits would best lead you to a healthier lifestyle : Would the types of benefits an employer offers influence your decision to work there? Which benefits would best lead you to a healthier lifestyle?
Reduce the organisation total revenue and profit : This has the potential to significantly reduce the organisation's total revenue and profit. Sonia knows she cannot resolve this alone.
Solve problem related to the two dice : Two dice are rolled. E is the event that the dice total more than 11. U is the event that at least one die comes up an even number.
Entering the forward foreign exchange market : Explain how we can hedge it contractually through options, or entering the forward foreign exchange market.
What should be your quarterly payment : What should be your quarterly payment? How many payments are you making in the 2 years?
What is the aftertax salvage value of the asset : An asset used in a four-year project falls in the five-year MACRS class for tax purposes. what is the aftertax salvage value of the asset?

Reviews

Write a Review

Business Management Questions & Answers

  Possess entrepreneurial skills

It is said that the project manager to be successful should possess entrepreneurial skills. Discuss these skills with their importance in project situations.

  How do they use visuals to keep attention

We have learned that effectiveness in communication is essential in every aspect of the business world. This assignment will focus on effectively communicating the financial position of the company.

  Examine organizations dependence on its is it infrastructure

Prepare a paper in which you consider a company that you have worked for or are currently working for and critically examine that organization's dependence on its IS/IT infrastructure.

  Find an appropriate p-value

In a sample of 50 investment banking firms, the agency found that 18 of the firms sampled had at least one investment banker arrested or indicted during the past year. Does this study support the claim? Use alpha = .025. Find an appropriate p-valu..

  Leaders can assist their employees in controlling their

leaders can assist their employees in controlling their emotions and moods in the workplace through emotional

  Describe the specific characteristics of the company

Explain why you chose that particular company. Describe the specific characteristics of the company; for example: which markets they operate in and where their investments have been focused to date.

  Describes the choice to indulge at ethels

What type of consumer buying decision best describes the choice to indulge at Ethel's? - Review the core American values. Which value does the Ethel's experience appeal to most? Explain.

  Data quality and are uniform across scale

Does the Level of detail and precision relate to data quality and are uniform across scale?

  Identify both the key issues and the underlying issues

Identify both the key issues and the underlying issues. In identifying the issues, you should be able to connect them to the business principles which apply to this situation.

  Information available on the project management institute

Write a one page paper summarizing key information available on the Project Management Institute's website - www.pmi.org. Include the following:

  Explain what bounded rationality is

Discuss how this concept can affect the data analysis in Case 1. Explain your logic for both of your arguments. Are there any similarities between these two situations?

  Explain techniques that were used to classify the country

Provide the following information about the country you selected. Explain techniques that were used to classify the country you selected as an emerging market.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd