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You have a novel product idea and a working prototype for floating fishing pliers. You use an extrusion process to manufacture the pliers, and your family assembles them out of your basement. Your plan is to distribute them through sporting goods stores that cater to anglers. Applying all that you have learned in this course, create a detailed strategic plan for the next five years. You should include the following elements of comprehensive strategic plan: •A mission statement that describes the overall purpose of the organization •A resource needs assessment •A statement and some detail on the technology requirements, goal statement, and rationale •A set of objectives (measurable and observable) •A statement on the hardware, software, and facility resource requirements •A statement on training resource requirement and staff development plan •A marketing plan •An itemized budget, evaluation method, and funding sources
The following table shows the critical factors in a company's decision on choosing a new piece of equipment. Calculate the breakeven volume and utilization for each option and then
1. What is quality function deployment (QFD)? Provide an example of how it can be used. 2. List the five advantages of successful implementation of group technology. 3. Descr
what do you understand by line balancing?what happens if balance does not exist?
A company is considering whether to replace a machine. The old machine costs $90,000 and is being depreciated at 10% per annum using the straight line method. It is written down va
What do you understand by “line balancing”? What happens if balance doesn’t exist?..
One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making (true or false)
The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four. Tables can be mo
To be a true strategic partner, does HR need to take on a more generalized or specialized approach to work? Why?
Explain how process technology is chosen for an operation.
1. Choose an organisation with which you are either interested or familiar (you could select to look at an area of your own or you could look at another organisation where informat
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