Under the control of external suppliers and vendors

Assignment Help Operation Management
Reference no: EM132087561

Successful entrepreneurs understand their business must remain strong or everyone in the organization will be out of a job. Just as oimportant, their team members need to have the same understanding!Therefore the business owner needs to recruit and retain strong team members who have the same DNA as the business owner. Once they recruit the right team members, they develop delegation skills and rely on the right people.

Discuss several Internal Stakeholders and provide at least 2 specific examples: Who are the major stakeholders who work within (internal) the business? Discuss several retention strategies aimed at keeping these key players on the team. Discuss several External Stakeholders and provide at least 2 specific examples:How do suppliers and vendors support the business' competitive advantage strategies?Does a deep dependency on external stakeholders put businesses in a vulnerable position?  What can they do to avoid being under the 'control' of external suppliers/vendors?

Reference no: EM132087561

Questions Cloud

Compensation consideration and consistency : Compensation Consideration and Consistency
Describe risk management tools and techniques : Describe risk management tools and techniques. Explain how these mitigate unforeseen project issues and concerns.
When more data points are included in the average : Does a moving average forecast become more or less responsive to changes in a data series when more data points are included in the average?
Describe the role of the project manager in each of cases : Describe the role of the project manager in each of the cases.
Under the control of external suppliers and vendors : What can they do to avoid being under the 'control' of external suppliers/vendors?
Leader responsibility to contain anxiety in organization : Explain why it is a leader's responsibility to "contain" anxiety in an organization. Why do you believe this is important?
Specific new product or service for discussion : For purposes of this discussion board, you are asked to select a specific new product or service for discussion.
Financial management system implementation : 3 Project manager in financial management system implementation.
The project management role in each case : Identify the title which might be given to the project management role in each case.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

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..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

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..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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