Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Question
Chapter 15, Problem 1DQ
Summary Introduction
Interpretation:
Reason for impossibility of “Black Swan Crises”.
Concept Introduction:
A crises is an after effect of some happening or event which could have been foreseen.
Black Swan events which are part of the unknown unknowns, are unexpected and it cause disruptions in the way people normally conduct business and change the way people normally behave as per “conventional wisdom”.
Expert Solution & Answer
Explanation of Solution
Black Swan events which are part of the unknown unknowns, are unexpected and it cause disruptions in the way people normally conduct business and change the way people normally behave as per “conventional wisdom”. These unknown unknowns can also have a positive impact such as the internet which was a disruptive innovation. These events transform the way people think and conduct their businesses.
A crises is an after effect of some happening or event which could have been foreseen. To illustrate, the financial crises of 2008 was due to housing loans going bad due to the greed of banks and loan institutions. The crises was foreseen by some eminent economists such as Dr. R. There is some time to address the issue or cause before the negative impact of the event is felt. Consequently, a crises unlike a “Black Swan” event is not totally unexpected.
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Employee In-Service Training
ASSIGNMENT: In-Service Training. The intern is required to plan and implement two in-service training sessions for
employees. Each in-service should last at least 10 but not more than 30 minutes and should be given to all employees affected.
The preceptor or supervisor/unit manager must approve all in-service topics.
1) One presentation should be related to a policy or procedure of any kind (e.g. proper use of equipment);
2) The second presentation must be related to sanitation or safety.
For each in-service presentation, the intern must develop a written class plan and a visual aid (may be a handout, poster,
PowerPoint slide presentation, etc.) appropriate to the life experiences, cultural diversity and educational background of the
target audience. The intern must also measure behavior change. Note, this cannot be measured by a written pre- and post-
test. That would be measuring knowledge. The intern mustactually observe and document that the learners…
Chapter 15 Solutions
Practical Operations Management
Ch. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - Prob. 3DQCh. 15 - Prob. 4DQCh. 15 - Prob. 5DQCh. 15 - Prob. 1PCh. 15 - Prob. 2PCh. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5P
Ch. 15 - Prob. 6PCh. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - Prob. 9PCh. 15 - Prob. 10PCh. 15 - Prob. 11PCh. 15 - Prob. 12PCh. 15 - Prob. 13PCh. 15 - Prob. 14PCh. 15 - Prob. 15PCh. 15 - Prob. 16PCh. 15 - Prob. 17PCh. 15 - Prob. 18PCh. 15 - Prob. 19PCh. 15 - Prob. 20PCh. 15 - Prob. 21PCh. 15 - Prob. 22PCh. 15 - Prob. 23PCh. 15 - Prob. 24PCh. 15 - Prob. 25PCh. 15 - Prob. 1.1QCh. 15 - Prob. 1.2QCh. 15 - Prob. 1.3QCh. 15 - Prob. 3.1QCh. 15 - Prob. 3.2QCh. 15 - Prob. 3.3QCh. 15 - Prob. 3.4Q
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