Principles Of Operations Management
Principles Of Operations Management
11th Edition
ISBN: 9780135173930
Author: RENDER, Barry, HEIZER, Jay, Munson, Chuck
Publisher: Pearson,
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Chapter 2, Problem 7P
Summary Introduction

To determine: effect of external environment factors on the operations management strategy of the firm.

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Discuss why the macro environment is important to business strategy and outline with examples how organisations typically measure and assess it.
Identify how changes in the external environmentaffect the OM strategy for a company. For instance, discuss whatimpact the following external factors might have on OM strategy:a) Major increases in oil prices.b) Water- and air-quality legislation.
How can Cigna insurance relate to these questions? What is and should be the relationship between an organization’s mission and its strategy? What are the key advantages and disadvantages of outsourcing and offshoring, and should these practices be regulated?  Explain why or why not! Why do stakeholders in the same organization often have different goals?  Would it not be best if they shared the same goals?  Explain your findings! Research a recent example of a company’s ethical violation in the news and briefly describe what you believe went wrong by covering the who, what when and were of the incident.
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