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Management Leadership
(1) Assuming a Poisson arrival distribution and an exponential service time distribution, apply queuing models to the case situation and evaluate the results. Single Server Queue Model
The Erlanger Manufacturing Company makes two products. The profit estimates are $35 for each unit of product 1 sold and $50 for each unit of product 2 sold. The labor-hour requirements for the
Develop and solve a linear programming model for crashing the Wildcat Software Consulting problem in Chapter 18.
M&D Chemicals produces two products sold as raw materials to companies manufacturing bath soaps, laundry detergents, and other soap products. Based on an analysis of current inventory levels and
Photo Chemicals produces two types of photograph-developing fluids. Both products cost Photo Chemicals $1 per gallon to produce. Based on an analysis of current inventory levels and outstanding
Managers of High Tech Services (HTS) would like to develop a model that will help allocate technicians' time between service calls to regular-contract customers and new customers. A maximum of 80
Hilltop Coffee manufactures a coffee product by blending three types of coffee beans. The cost per pound and the available pounds of each bean are given in the following table:Consumer tests with
Lurix Electronics manufactures two products that can be produced on two different production lines. Both products have their lowest production costs when produced on the more modern of the two
The Two-Rivers Oil Company near Pittsburgh transports gasoline to its distributors by truck. The company has recently received a contract to begin supplying gasoline distributors in southern Ohio and
An appliance store owns two warehouses and has three major regional stores. Supply, demand, and transportation costs for refrigerators are provided in the following table: Warehouse Store A B C
Forbelt Corporation has a one-year contract to supply motors for all refrigerators produced by the Ice Age Corporation. Ice Age manufactures the refrigerators at four locations around the country:
The following data show the number of visitors to King's Palace amusement park on a summer day (rounded to the nearest 1,000) during the last season:Number of Visitors Frequency25,000
Domoy Cycles, Inc. purchases a certain model of motorcycle for $5,778. To finance the purchase of this model, Domoy must pay an 18 percent annual interest rate on borrowed capital. This interest rate
Charlestown Electric Company is building a new generator for its Mt. Washington plant. Even with good maintenance procedures, the generator will periodically fail or break down. Historical figures
A service technician for a major photocopier company is trained to service two models of copier: the X100 and the Y200. Approximately 60 percent of the technician's service calls are for the X100 and
Bushnell's Sand and Gravel (BSG) is a small firm that supplies sand, gravel, and topsoil to contractors and landscaping firms. BSG maintains an inventory of high-quality, screened topsoil for
A project has four activities (A, B, C, and D) that must be completed sequentially in order to complete the project. The probability distribution for the time required to complete each of the
Bristol Bikes, Inc. wants to develop an order-quantity and reorder-point policy that would minimize the total costs associated with its inventory of exercise bikes. The relative frequency
Paula Williams is currently completing the design for a drive-in movie theater in Big Flats, New York. She has purchased the land and is now attempting to determine the number of automobiles to
Mt. Washington Garage sells regular and unleaded gasoline. Pump 1 is a self-service pump. Pump 2, a full-service pump, is used by customers who are willing to pay a higher cost per gallon to have an
Conduct a next-event simulation of the Lincoln Savings Bank using the arrival and service times given here.
Suppose a decision maker faced with four decision alternatives and four states of nature develops the profit-payoff table shown as follows:a. If the decision maker knows nothing about the chances or
Consider again the problem faced by the Beck Company R&D manager (Problem 9). Suppose an experiment can be conducted to shed some light on the technical feasibility of the project. There are three
Southland Corporation's decision to produce a new line of recreational products has resulted in the need to construct either a small plant or a large plant. The decision as to which size to select
McHuffter Condominiums, Inc., of Pensacola, Florida, recently purchased land near the Gulf of Mexico and is attempting to determine the size of the condominium development it should build there.
The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's
A firm produces a perishable food product at a cost of $10 per case. The product sells for $15 per case. For planning purposes, the company is considering possible demands of 100, 200, and 300 cases.
Sealcoat, Inc. has a contract with one of its customers to supply a unique liquid chemical product used in the manufacture of a lubricant for airplane engines. Because of the chemical process
A quality control procedure involves 100-percent inspection of parts received from a supplier. Historical records show the observed defect rates as follows.Percent Defective Probability0
The R&D manager of the Beck Company is trying to decide whether or not to fund a project to develop a new lubricant. It is assumed that the project will be a major technical success, a minor
1. Use these cost, revenue, and probability estimates along with the decision tree to identify the best decision strategy for Trendy's Pies.2. Suppose that Trendy is concerned about her probability
How important do you feel "having an excellent game plan" is to winning a basketball or football game against your university's major rival? Discuss.
Label the following as an opportunity, a strategy, or a strength.a. XYZ, Inc. is hiring 50 more salespersons.b. XYZ, Inc. has 50 salespersons.c. XYZ, Inc.’s rival firm has only 50 salespersons.
What two factors most often result in a CSO being hired or appointed by the firm?
1. Explain why Kroger is recognized by Forbes as one of the most generous companies in America? Is being generous consistent with (or inconsistent with) being highly profitable? Discuss. 2. Which
Discuss the relative importance of vision and mission documents for managers versus employees, customers, and shareholders?
Define "reconciliatory" and give an example of how this "characteristic" can be met in a mission statement?
Which mission statement component most closely reveals the firm's distinctive competence? Give an example.
Critique the following vision statement by Stokes Eye Clinic: "Our vision is to take care of your vision"?
1. In what three ways is the proposed vision statement better than Disney's actual vision statement? 2. In what three ways is the proposed mission statement better than Disney's actual mission
Explain how Facebook, Twitter, and Instagram can represent a major threat or opportunity for a company?
The drop in gas prices benefited thousands of firms. Does this fact confirm that "external factors are more important than internal factors" in strategic planning? Discuss.
Do CVS and Target take stances on political issues? Is it good for companies to take stands on political issues? Explain.
Provide a synopsis of IBISWorld and Mergent Online?
Does McDonald's Corp. benefit from a low or high value of the dollar? Explain why.
1. Table 3-7 provides a list of 15 conditions that cause high rivalry among competing firms in an industry. In the women's handbag business, what in your opinion are the top five (among the fifteen)
The primary means for gaining and sustaining competitive advantages for most companies are shifting downstream. Explain and discuss this statement?
If Netflix increases its advertising expenses by 30 percent while keeping its price and variable costs the same, does that mean the company's breakeven point will increase 30 percent? Show this
Explain Cost / Benefit analysis?
In analyzing big data, there is a shift from focusing largely on aggregates or averages to focusing, in addition, on outliers, because outliers oftentimes reveal (predict) critical innovations,
What are some limitations of financial ratio analysis?
Does RBV theory determine diversification targets? Explain and discuss this statement.
Would you always pay out dividends if your firm's annual net profit increases ten percent or more? Why or why not? What effect could this have on a firm's strategies?
Define, compare, and contrast weights vs. ratings in an EFE Matrix vs. an IFE Matrix?
What are "collaborative machines?"
1. From a management perspective, do you think the college football expenditures by BWW are warranted? Why? 2. From a marketing perspective, do you think the college football expenditures by BWW are
According to the Baron and Henry article discussed in Academic Research Capsule 5-2, what is "deliberate practice" and why is this important in strategic management?
If the CEO if a beverage company such as Dr Pepper/Snapple asked you whether backward or forward integration would be better for the firm, how would you respond?
True or False? The strength of the dollar has led to American firms outsourcing more and more, rather than reshoring. Explain.
Give hypothetical examples of market penetration, market development, and product development?
Give hypothetical examples of forward integration, backward integration, and horizontal integration?
Give hypothetical examples of related and unrelated diversification?
Give hypothetical examples of joint venture, retrenchment, divestiture, and liquidation?
Give three reasons why so many companies are divesting (spinning off) key segments/divisions of the firm?
Are international alliances more effective with competitors or non-competitors? Why?
Define and give a hypothetical example of a secondary buyout?
1. Examine Facebook's new professional features and access that company's potential to hurt LinkedIn's business. 2. Rival firms are increasingly forming partnerships and cooperative agreements.
List five limitations of a SPACE Matrix?
List the pros and cons of a firm disclosing by-segment corporate information in a Form 10K?
How would you develop a portfolio matrix for your school of business?
What are some key differences between the BCG and the IE portfolio matrices?
What is an ideal number of persons to have on a board of directors? Why?
What are two limitations of the QSPM discussed in the chapter?
What percentage of new, incoming CEOs in North America, also serve as chair of the board of directors? In this regard, what is the trend and why?
Smith & Wesson is vertically integrating. What does this mean? How could S&W vertically integrate further?
1. Develop a SWOT Matrix for Starbucks that includes the three strategies and three factors cited above. Develop a 3 x 3 QSPM for Starbucks that includes the three strategies and three factors cited
What policy do you recommend for companies regarding employees spending time on their personal Facebook and other social media accounts? Could your policy be enforced? How? Why?
What are some advantages and disadvantages of Nucor's organizational structure as discussed under "The Functional Structure" heading?
Identify and discuss four reasons why companies are phasing out the COO position?
What do you like and dislike about the Crocs' organizational chart illustrated in the chapter, in terms of guidelines and dos and don'ts presented in the chapter?
List five important benefits of a company or organization having a diverse workforce?
Identify and discuss three situations in the corporate world that especially warrant having a COO within the firm?
Identify and discuss four primary reasons why annual objectives are so essential for effective strategy implementation?
Identify and discuss eight characteristics of objectives?
Discuss the "Dos and Don'ts of Poaching Workers" from rival firms?
Discuss recent trends and facts regarding corporate wellness programs in the USA?
What was the impact of the Affordable Care Act on corporate wellness programs?
Should companies monitor employees' social media? Why or why not? If yes, how?
1. Do you think the benefits will offset the costs of the new Hilton cancellation policy? Why? 2. Do you think the new Hilton cancellation policy is ethical? Is it legal? Is it practical? 3. What
True or False? Acquisition premiums the last few years have averaged 25 to 40 percent, but sometimes exceed 100 percent; prior research suggests that high premiums generally have negative impacts on
Generally speaking, how large does a firm normally need to be to justify having an IPO? Explain the IPO process.
Define and give an example of multidimensional scaling?
For the Litten Company in Table 8-6, what would the Retained Earnings value have to have been in 2016 on the balance sheet, given that the 2017 NI-DIV value was $4?
Explain four methods often used to calculate the total worth of a business?
Explain why increasing Treasury Stock will increase EPS in any corporation?
Based on the financial statements provided for Hersheyin the Cohesion Case, how much dividends in dollars did Hershey pay in 2013? In 2014?
Some analysts say that huge New York Stock Exchange IPOs from companies such as Alibaba, headquartered in China, should be illegal in the USA, since under communist governments there are not
True or False? In the USA, no federal laws prevent businesses from using GPS devices to monitor employees, nor does federal law require businesses to disclose to employees whether they are using such
Many companies are aggressively buying its own stock. What are situations when this practice is recommended or especially beneficial? What are the pros and cons of increasing Treasury Stock on the
1. How does a company decide between equity, bonds, and bank debt to raise capital? 2. Diagram the relationship between $ equity financing and $ bond financing for Alibaba, Amazon, and Google. What
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