Question 1 (a)    An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b)    Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Discussion Questions:

Question 1

(a)    An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer.

(b)    Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1.

Question 2

What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations?

Question 3

Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.

 

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