Management: A Practical Introduction
9th Edition
ISBN: 9781260075113
Author: Angelo Kinicki, Brian K. Williams
Publisher: McGraw-Hill Education
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Chapter 12, Problem 1MIA
Summary Introduction
Case Summary:
FF industry is an acronym for frying potatoes and flipping burgers at the fastest rate possible. This industry is usually for those who wish to eat eagerly. The employees in the FF industry are unsatisfied due to various reasons. Harsh working conditions, low-skilled, alienating, standardized, and highly routinized are the words that fit the FF industry. Employees in this industry have the highest turnover ratio. They are so stressed that they have started consuming drugs. Minimum wage earners, no recognition at work, very fewer salaries are de-motivating factors for employees.
Interpretation:Problem according to FF industry’s perspective.
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High Supply Risk:
Climate change is disrupting major rice-producing countries like Thailand and Vietnam.
Limited global trade availability (only 7-10% of total production is exported).
Currency fluctuations, freight costs, and government policies further threaten supply stability.
2. High Impact on Business:
Rice is a staple food in Singapore, crucial for national food security.
A supply shortage could lead to price inflation and food security concerns.
Dependence on a few key suppliers makes supply chain diversification challenging.
Procurement Strategy for Singapore:
Diversify sourcing (e.g., increase imports from Myanmar).
Invest in climate-smart rice research to improve resilience.
Stockpile rice reserves to buffer against supply shocks.
Strengthen trade agreements with key exporters like Thailand and Vietnam.
Solution
Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food…
Discuss how partneships and collaboration contributed to Savannah Organics growth and sustainability
Thailand's rice industry, which accounts for about a quarter of the world's global trade of rice, is facing a climate crisis due to frequent extreme weather events. The intensity and inconsistency of rain in 2021 has compromised the production of Thailand's most important crop, causing market turbulence, food security concerns, and leaving millions of Thai households facing economic difficulties. The industry is highly vulnerable to climate change, with Thailand ranking ninth in the world on the Global Climate Risk Index. Timing is crucial in rice growing, but the current climate conditions are making it futile. Climate change is expected to exacerbate inequalities, with rice production potentially increasing in irrigated areas while being stunted in rainfed regions. By mid-century, Thailand could expect a more than 10% decline in its overall rice yield, affecting regional food stability.
Thailand, the world's third-biggest rice exporter, has struggled to regain its position as the…
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Management: A Practical Introduction
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