Week 6 - Assignment - Business Operations. Due by Sun. at 12pm CST.

Week 6 Assignment

  Management Style

To be successful leaders in the global business world of the 21st century, managers must put into place processes and procedures that will ensure that their company is both cost-effective and efficient. Such decisions allow them to increase the productivity and competitiveness of their organizations. Managers must balance the pressures to improve both production and delivery—with the relative costs and profit margins related to each.

With this in mind, reflect on the theories, concepts, and strategies presented in this course.

Submit by Day 7 a 250-word paper that summarizes the following reflections:

• Describe how your attitude about business management has been impacted by the information you gained in this course.
• Consider what you have learned in this course about management theories, concepts, and strategies. Identify the knowledge and insights you think will be most useful in developing your own management style. Be specific.

Ensure that your paper is formatted per APA guidelines and include a “References” list at the end of your paper. Keep track of all references and quotes, and cite them following APA guidelines.

Week 6 Learning Resources

This page contains the Learning Resources for this week. Be sure to scroll down the page to see all of this week's assigned Learning Resources.

Required Resources

Readings

• Schroeder, R. G., Goldstein, S. M., & Rungusanatham, M. J. (2013). Operations management in the supply chain: Decisions and cases(6th ed.). New York, NY: McGraw-Hill/Irwin.
  • Chapter 11, “Forecasting” (pp. 251–284)
    
    This chapter introduces you to a number of forecasting models that deal with long-range planning. These models have been developed to provide a more scientific approach to the forecasting process. Both qualitative and quantitative models of forecasting are covered in this chapter, along with the advantages and recommended use of each forecasting model.
    
    Focus on the definitions provided throughout the chapter. Review and think about the examples and anecdotes provided in the chapters that illustrate the major ideas being conveyed. Consider the recommended use of each of the forecasting models. Ask yourself what factors need to be considered when selecting which forecasting model to use.
  • Chapter 12, “Capacity Planning” (pp. 285–319)
    
    Chapter 12 continues the discussion on decision-making for the future needs of an organization. This chapter describes facilities planning and facilities strategy. Aggregate planning is also discussed, along with the options and strategies for performing aggregate planning. Finally, level and chase strategies for meeting fluctuating demands in the market are presented.
    
    Focus on the definitions provided throughout the chapter. Review and think about the examples and anecdotes provided in the chapters that illustrate the major ideas being conveyed. Consider the options and strategies that are presented for performing aggregate planning. In particular, ask yourself how the strategy used affects costing decisions.

Media

• McGraw-Hill (Producer). (2013). Service design at Hotel Monaco [Video file]. Retrieved from http://highered.mheducation.com/sites/0073525243/student_view0/chapter12/video_clips.html
  
  The Hotel Monaco is a service organization. As you view the video, identify how this company used the principles of aggregate planning as described in Chapter 12.
  
  Focus on the type of strategy the company used: level or chase.

Optional Resources

• Schroeder, R. G., Goldstein, S. M., & Rungtusanatham, M. J. (2013). Operations management in the supply chain (6th ed.). Retrieved from
  http://highered.mheducation.com/sites/0073525243/student_view0/index.html