Management Short Essay

i. Compare your products to all other products in each segment relative to labor costs at the end of round 3. Include a table in your appendices that shows your labor costs for each product in each segment compared to every other team’s labor costs in each segment as well as the average labor costs for each segment.

ii. What does your analysis of labor costs mean for your strategy and the actions you should consider regarding labor costs? Should the team take measures to reduce labor costs and if so, what actions should be taken? Alternatively, are the labor costs consistent with the team’s strategy and therefore appropriate? In your discussion, be sure to consider how the issue of labor costs is interrelated with your analysis of capacity and what it mean for your strategy and the actions you should take? Hint: Think about how capacity (1st and 2nd shift) impacts labor costs.

The table of the labor cost for each product compared with other team’s labor cost.