1) View the video What is Operations Management (14.01 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 1 and/or 2) after watching this video. (https://www.viddler.com/embed/d01189e1) Note: As a rough guideline, please try to keep the written submission to one or two paragraphs. 2) View the video What McDonald’s is serving up at its new CosMc’s Chain (3.42 mins, Ctrl+Click in the link), and answer the following questions: (https://www.youtube.com/watch?v=k7ojpUzE8q4) i) From a strategic perspective, why do you think McDonald’s is opting for this new chain rather than trying to launch the new menu in its existing restaurants? ii) What factors do you think in McDonald’s external and internal environments are driving its decision to open the CosMc’s locations? iii) How do you think this format will improve McDonald’s profit margin as compared to its regular fast-food restaurants? Note: As a rough guideline, please try to keep the written submission to one or two paragraphs for each of the questions. 3) Sunshine Furniture makes 1,800 coffee tables per day with the following resources: Labor: 400 hours per day Raw Material (logs of maple wood): 20,000 logs per day Energy: $5,000 per day Capital: $10,000 per day Cost of Labor: $12.50 per hour Cost of Raw Material (logs of maple wood): $1 per log i) What is the labor productivity? ii) What is the multifactor productivity? iii) What is the percent change in multifactor productivity if the firm reduces its capital cost by $1,000 per day (production as well as all other inputs remain the same)?

Understanding Management (MindTap Course List)

10th Edition

ISBN:9781305502215

Author:Richard L. Daft, Dorothy Marcic

Publisher:Richard L. Daft, Dorothy Marcic

Chapter9: Managing Human Resources And Diversity

Section: Chapter Questions

Problem 4AL

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Related questions

Question

1) View the video What is Operations Management (14.01 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 1 and/or 2) after watching this video. (https://www.viddler.com/embed/d01189e1)

Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.

2) View the video What McDonald’s is serving up at its new CosMc’s Chain (3.42 mins, Ctrl+Click in the link), and answer the following questions: (https://www.youtube.com/watch?v=k7ojpUzE8q4)

i) From a strategic perspective, why do you think McDonald’s is opting for this new chain rather than trying to launch the new menu in its existing restaurants?

ii) What factors do you think in McDonald’s external and internal environments are driving its decision to open the CosMc’s locations?

iii) How do you think this format will improve McDonald’s profit margin as compared to its regular fast-food restaurants?

Note: As a rough guideline, please try to keep the written submission to one or two paragraphs for each of the questions.

3) Sunshine Furniture makes 1,800 coffee tables per day with the following resources:

Labor: 400 hours per day

Raw Material (logs of maple wood): 20,000 logs per day

Energy: $5,000 per day

Capital: $10,000 per day

Cost of Labor: $12.50 per hour

Cost of Raw Material (logs of maple wood): $1 per log

i) What is the labor productivity?

ii) What is the multifactor productivity?

iii) What is the percent change in multifactor productivity if the firm reduces its capital cost by $1,000 per day (production as well as all other inputs remain the same)?

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