What Factors Must a Firm Consider While Addressing the...

Q: 3 (A) What factors must a firm consider while addressing the make or buy decision? Ans: International Operations management and corporate strategy: Operations management of an International business needs to be integrated with the firm’s corporate strategy. The central role of operations management is to create the potential for achieving superior value for the firm. If operations management takes Rs. 100 worth of inputs and brings out product worth Rs. 150, it has crated considerable value for the firm. However, if it requires Rs. 140 worth of inputs to obtain the same output, value creation does take place, but is very little. Therefore, the way in which the firm structures and manages its operations management function both†¦show more content†¦The arguments that support vertical integration and the risks associated with outsourcing. The risks of outsourcing are incidentally the supportive arguments for any decisions to make. Reasons for Outsourcing: 1. Strategic flexibility-switching orders between suppliers as circumstances dictate 2. Cost reduction 3. Focus on core competencies 4. Minimize inventory, materials handling, and other non-value-added costs. 5. Reduce development and production cycle times 6. Improve efficiency 7. Possibility of obtaining orders from the country where suppliers are located. Risks of Outsourcing 1. Loss of control 2. Conversion costs 3. Possibility of being tied to obsolete technology 4. Exposure to supplier risks; financial strength, loss of commitment to outsourcing, slow implementation, promised features not available, lack of responsiveness poor quality 5. Loss of protection over proprietary technology 6. Denial of the possibility of specialized investments Trade-offs is always involved in make or buys decisions. The benefits of manufacturing components in house seem to be very strong when highly specialized assets are involved, when firm is simply more efficient than external suppliers at performing a particular activity. When these conditions are not present, the risks of strategic inflexibility and organizational problems suggest that it may be better contract out manufacturing components to independent suppliers. Since issues of strategic flexibilityShow MoreRelatedSupply Mgmt Case Studies1781 Words   |  8 PagesCase Study #1 - Sunspot, Inc 1. What are the most likely benefits of forming strategic supply alliances with Sunspot’s key suppliers? A strategic alliance between Sunspot and its key suppliers will result in a relationship based on trust. It’s key for both parties to develop and manage this â€Å"institutional† trust or the alliance will fail. Trust will facilitate communication which will lead to less errors and higher quality, faster development times, and lower costs. 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John Locke vs Thomas Hobbes Free Essays

Locke vs Hobbes John Locke’s belief in natural rights are correct in terms of natural rights because he believes in freedom, in every sense of the word, equality and is a firm supporter in Democracy. Locke and Hobbes conflicting views are at their most basic form, to believe man or not. Locke believes that men will, with given freedom be perpetually good. We will write a custom essay sample on John Locke vs Thomas Hobbes or any similar topic only for you Order Now Hobbes believes otherwise, saying that men, in the state of nature will fight all of the time. Corny as it sounds, their conflicting viewpoints remind me of the age old struggle between good and evil. John Locke with his new enlightened sense of thinking in Democracy and Hobbes with his belief in more of an Autocracy, or an absolute monarchy, stuck in the thinking of the dark ages. That is why Locke’s views on all men being equal, everyone being born into freedom, democracy at its most basic form and the general goodness in human beings are inherently, right. Reading excerpts from John Locke’s book, you will find lots of his arguments on equality and freedom of mans basic rights, are eerily similar to the foundation of which American government was formed, in the declaration of Independence. If some of the greatest men in our countries history believed so much in Locke’s points on equality and liberty that they decided to copy these ideas into the document from which they would create one of the most successful countries in the history of the world, then shouldn’t it bear in ones mind that these ideas are important? That they are too a certain degree right? These are just examples of the power Locke’s book has on those who truly read it. He proves, again and again that with the belief in the genuine good in men, there will be little conflict as long as everyone is equal. I personally believe that is one hundred percent correct. As much as there are plenty of bad people on this earth, the petty crimes and small infractions of the law, with full equality and freedom to all rights, the good of men would overcome these small difficulties, and be better for it. How to cite John Locke vs Thomas Hobbes, Essay examples

Autumn Eternal • Panopticon free essay sample

Panopticon is a Kentucky-based folk metal band. What is folk metal, you ask? The only difference from black metal is the incorporation of bluegrass. So far, Panopticon has released three albums and gained a loyal following since their first album, â€Å"Kentucky.† You might think it would take a genius to figure out how to combine bluegrass and black metal and make it sound good. Yet Panopticon has always been able to do this well. â€Å"Autumn Eternal† is a fitting name for the album since it was released in the fall. As for the execution, Panopticon makes black metal sound a lot prettier than many similar bands. The album is over an hour long, so expect a lengthy journey that includes pretty tremolos, bluegrass influences, atmospheres of sheer beauty, and many other intriguing sounds not often heard in the metal genre. The music feels like an epic story from a George R. We will write a custom essay sample on Autumn Eternal †¢ Panopticon or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page R. Martin novel, but in between the epic segments, we get small breaks that seem to say, â€Å"Here – enjoy the beauty of the forests and villages before your inevitable death.† I could gush on and on about how the beauty behind the black metal fits so perfectly. One final note: it has only been a year since Panopticon’s last release; I guess genius just comes naturally for them. I really don’t see any problems here. It’s brutifal in all the right ways. I give this album a 10/10.