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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
Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function i
1) Explain what an entrepreneur and entrepreneur are. How are they the same and how are they different? 2) Give me an example of an entrepreneur and discuss two typical entrepre
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In a 1-2 page paper with a graphic as an appendix, identify a supply network and evaluate the importance of operations management in moving this product through the supply chain to
What types of people have more difficulty being team players? What helps promote good team player behaviour? 3. What do you think is more important for a good IT professional: stro
After reviewing the RFP Tutorial from the lecture this week, share your thoughts about the steps outlined for creating an RFP. What value does an RFP bring to finding and buying th
1. Define productivity both as a mathematical ratio and as a systems diagram? 2. Outline how the productivity of an organisation may be improved. 3. Discuss the factors aff
1. Porter (1996) attempts to resolve the issue of Skinner's quandary with trade-offs by introducing the concept of a productivity boundary and operating efficiencies. Explain where
What are the benefits and disadvantages of free international trade for the United States?
Explain why is it important to pay more attention to the firm's ROE if you are the firm's shareholder (investor) and explain how to use the DuPont equation to see how the ROE can b
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