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Case summary:
RM Company is one of 10 largest power-boat manufacturers in US Country. They achieve their mission of providing luxury boats to worldwide customers through their approach of differentiation. The sales increase in the states indicates that the strategy is working.
RM Company involves in continuous innovation with the help of computer-aided designing, high quality molds and their constant monitoring for quality. RM Company also closely interacts with their suppliers to ensure that the supplier parts are also of good quality.
Their product line is 22 boats ranging from 19 feet to 44 feet long boats. TK Person, the VP of the company says “We build boats” but we are in the ‘fun’ business. He states that the competition is not limited to the other 300 competitors but also other family entertainment like home theaters, internet etc.
RM Company has also joined the ABB association. They are able to sustain their position in the market with the economies of scope approach in procurement.
To determine: The application of 10 operations management decisions to RM Company.
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Chapter 2 Solutions
EBK PRINCIPLES OF OPERATIONS MANAGEMENT
- Question 2 (25 Marks) Discuss how you would "reset the store estate" to remain competitive and relevant in the market? Question 3 (25 Marks)arrow_forwardWhat should leaders do after conducting an employee survey? take immediate action on results take at least 6 months to review the results to make sure the leader understands them review them immediately, but do not take action right away keep results confidential from employeesarrow_forwardOne of the best ways to encourage teamwork is to: continually promote from outside of the department recognize employees who focus on their personal performance goals only reward employees who complete their own tasks and also assist with problems outside of their department discuss individual performance issues at staff meetingsarrow_forward
- What can happen if a leader doesn't encourage teamwork? team members will support each other more the environment can become overly competitive and hostile turnover will descrease team members become more motivatedarrow_forwardunderstand 4 Classwork LSC Drag the name of the figure of speech to its example. 12 February 2025 personification Onomatopoeia Simile Metaphor Hyperbole Onomatopoeia metaphor 1. He tried to help but his legs were wax. Metaphor 2. The man flights like a lion on the soccer field. Simile 3. The books fell on the table with a loud thump. Onomatopoeia 4. Rita heard the last piece of pie calling her name. Personification 5. The rustling leaves kept me away. Personification 6. Kisses are the flowers of affection. 7. He's running faster than the windarrow_forwardAnswer the question in the attached photo and draw the network that interprets the dataarrow_forward
- not use ai pleasearrow_forwardoimmnjjjharrow_forwardSummarize the ethical dilemma encountered in Walmart Inc. Which of Kohlberg's stages of moral development is represented? Is there other theories of moral development that better describes the example? Postulate the (hypothetical or real) best- and worst-case outcomes of this dilemma. Is it agreeable with the selection of Kohlberg's stages of moral development for their examples? Is there another theory of moral development that would better describe their examples?arrow_forward
- Four-drive theory recommends that companies must keep fulfillment of the four drives in balance. What is this “balance” and why is it important? Can you Give an example (real or hypothetical) of how a company maintains balanced drive fulfillment. Also describe a company that does not provide this balance, including the consequences of this imbalance on employees’ attitudes and behavior. Thank youarrow_forwardwhat criteria would you utilize to determine if someone's pay is “fair” or “egregious?” Additionally, what should be the mechanism or process to determine how much greater an organizational executive should be paid versus line-level employees?arrow_forwardDefine the concept of a compensation philosophy, including the components that should be addressed in a compensation philosophy. Assess why a compensation philosophy is so foreign to most organizations and how you can best encourage an organization to create its own compensation philosophy that is beneficial to attracting the best talent.arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College PubMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
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