X The innovation of Caterpillar company for machines is exclusive buttakes some time to adapt in the target market. Based on the givensituation, which is true for the company-*O OO OComplexity is high and change is stableX Northend Coffee uses a vertically integrated supply chain where thecompany is involved in every step of its supply chain process. It is tryingto connect with what kind of environment? *Complexity is high and change is dynamicComplexity is low and change is stablecomplexity is low and change is dynamicO O OTask environmentInternal EnvironmentGenaral EnvironmentTask and Internal EnvironmentX Pom Pom company is calculating the the threat of new entrants tounderstand the challenge of the industry. This threat will be high if *The rivalry among competitors is highThe number of substitutes is highThe investment in plant and equipment is highAvailability of suppliers is high

BUSINESS ENVIRONMENT :The term Business environment refers to all the external and internal forces…

Answered: Pom Pom company is calculating the the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Jessica owns a successful cleaning company, Spring Clean. Her clients are businesses who require their offices being cleaned at night. Her staff consists out of 15 cleaners and 5 managers. She is planning to grow the business and in the process passing on more responsibility to her managers. She is drawing up training manuals and she wants to include risk management. She is uncertain about a few topics and has come to you for advice. What are the four criteria that Jessica needs to apply when considering a proposal (12) aimed at reducing risks? Explain what consequential losses are. Support your explanation with two comprehensive examples relevant to Spring Clean.
“To cut the number of projects, the steering committee used a weighting scheme that reflected theairline’s priorities, which were: fly safe, generate revenue, reduce costs, and customer service. Theweighting scheme easily weeded out the fluff.”Use a weighted scoring model to help the committee choose between two projects: Booking SystemUpgrade and Cabin Crew Retraining. The relative weights for each criterion and the assessment ofeach project for these criteria are shown in the following table. Which project would you choose andwhy?Criteria Weight Booking System Upgrade Pilot Crew RetrainingFly safe 40 4 10Generate revenue 30 9 9Reduce costs 20 7 8Customer service 10 10 10 (Assume 10 represents the preferred score and 1…
From a technical perspective, how should the threat be classified? What kinds of dangers do people face in the real world, by the way?
What are the differences between bottom-up and top-down estimating approaches? Determine advantages and disadvantages for using each approach. Under what conditions would you prefer one over the other? Provide a specific example to support your response.
What is sensitivity analysis, and how can it be useful to a decision maker?
CASE STUDY You are working as an inventory clerk in Shop Smart Centre. The company specializes in selling all types of gifts, ornaments, clothes and home design items. Due to high turnover of sales, the company orders items in bulk and keeps them in their storage until it is required by the sales department. Sometimes the staffs spend a lot of time looking for a particular item in the storage required by the customer which causes frustration and the customer eventually leaves the premises without even looking at the item. The owner of the business is really disappointed about this. Someone recently mentioned to him about having an ‘efficient warehouse system’. He was unsure what the key features of an efficient warehouse contained. He has come to know that you are doing a course in inventory management and has approached you for advice. Questions: Explain the key features of an efficient warehouse Explain how the inventories should be placed so that it can be found easily by the…
Estimate the forecasted sales price value for the year 2020 $85,000 $120,000 $105,000 $95,000
What is the difference between Maximum Foreseeable Loss(MFL), Probable Maximum Loss(PML), and Estimated Maximum Loss(EML)? Please use your own word :)
What exactly is risk management, and how is it defined? Explain the process of risk management using the diagram.
opm
Read the scenario below and answer the questions that follow: Bart is a senior manager at ‘Drive Away’ a car sales business in Durban. He is required to provide a detailed report to his CEO and founder of the company who is no longer involved in the day to day running of the business and currently lives in London. The report is based on the research Bart has conducted over the past year regarding the effects of COVID-19 on the business. ‘Drive Away’ has a staff complement of 30 employees, which consists of the CEO/owner; Bart, the senior/general manager; 4 other managers, admin, finance, HR and sales; 10 sales reps; 5 administrators; 5 financial administrators; 1 Personal assistant and 3 general workers. The primary function of the business is the sale of motor vehicles, brand new or used as well as providing a financial service (assisting prospective clients in obtaining vehicle finance and and insurance Explain which data collection method would be the most fitted choice for Bart’s…

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Pom Pom company is calculating the the threat of new entrants to understand the challenge of the industry. This threat will be high if