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    1. Explain all TPS terminology in the house of Toyota production system (HTPS), and summarize the HTPS in your words to me. A. TPS – Toyota Production system is the processing unit i.e. brain of the Toyota. Many companies have learned and tried to mimic the system of Toyota. The rules and methods or tools used in the system have specific terminology. The TPS terminology in the house of Toyota Production System (HTPS) are: i. Just in Time ii. Jidoka iii. Heijunka iv. Kaizen. i. Just in Time: JIT – Just in Time’s objective is to reduce the in-process inventory by manufacturing or producing the production only when it is needed i.e. the activity of production occurs only when the order comes from the customer. The JIT works on the basis of ‘Pull System’. The parts or items are produced only when the customer needs it. Every process in Toyota is performed very precisely and scientifically. The demand is calculated by the Takt time. Takt time is calculated by total time (minutes) taken for producing the total units in a day. Toyota uses a simple card system for communicating the process, the Kanban. If there is change in demand, there will be also change in takt time. Toyota allocates more resources when there is rise in demand. ii. Jidoka: Toyota describes Jidoka as ‘automation’ or ‘automation with human touch’. When a problem arises, the problem is notified, the designated supervisor or training supervisor or any team member will intervene and rectify the problem and the…

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    Jetblue Strategic Analysis

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    quick financial recovery and formulate plans and methods of enhancing financial recovery to suit the implemented strategic plan. Additionally, the issue-based strategic planning model will encourage unity among members through developing a suitable communication platform for enhanced participation (Schender, 1979). With this, it is clear that the strategic plan played a major role in tackling its part within the company and all that is needed is a suitable strategic planning model that will…

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    Angostura Generic Company Strategy Companies operating within different industries all have something in common in term of establishing a competitive strategy that would move the firm forward. Like any other firm this is the goal of Angostura. According to Thompson, “a company strategy is management action plan for competing successfully and operating profitable, based on an integrated array of considered choices” (Thompson 4). Being our only local rum distillery company, Angostura…

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    The aim of this section is of practical knowledge use. To develop a strategy for Statoil Fuel and Retail Business Center (SFR BC) I will take into account theoretical part and analysis what to consider when making and why do strategies fail. Based on the balanced scorecard method, I will describe four factors: Finance, Internal Business Processes, Learning & Growth and Customer (McCarthy & Chapman, 2013). To specify, SFR BC is an servicing company that serves 9 business units across Europe and…

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    1. Compare and contrast the following methodologies for improving business processes: Six Sigma, Lean Thinking, and Total Quality Management. Give examples where each methodology is preferred. Six Sigma is defined as a business process that allows companies to drastically improve their essential point by designing and monitoring everyday business activities. TQM is defined as a continuously evolving management system consisting of values, methodologies, and tools. The main goal is to increase…

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    Problem Statement In an effort to remain a low-cost provider, Balagny Clothing Company made the decision to outsource the production of their clothing line to a contract manufacturer in China. By doing so, desired cost savings were obtained Balagny as labor costs and initial investments were less than if the domestic facilities continued manufacturing efforts. Although Balagny’s decision to outsource was created to minimize overhead, it eventually came with a price that nearly shortened the…

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    Vodafone Case Analysis

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    To play traditional business, many clients and service channels wide to co-ordinate arrangements the development of traditional business and business transformation, the ongoing transformation of the infiltration of the business and development, expanding transformation scale of business, customer consumption habits change, to achieve the goal of comprehensive information service. In order to increase the transformation of business development, relying on the fixed telephone, broadband, network…

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    retail trade-in solutions, enterprise mobile device buyback, contract repair and reclamation services to provide carriers, retailers, and OEMs the industry’s most comprehensive solution from a single provider. Clover’s telecommunication solutions support the expansion, maintenance, and technology migration of communication networks by providing hardware, test and repair, asset recovery, and materials management solutions for data, wireless, and wireline networks. We help organizations minimize…

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    Introduction The key steps required of the Strategy-Making Process are those of developing a strategic vision and business mission, setting objectives and performance targets, crafting a Strategy, implementing the Strategy and evaluating Performance (Ward 2017). Source:Thompson et al. 2008. Strategic Vision and Mission According to (Bass 1990) the transformational leader has charisma and extends vision and purpose of mission in the staff, instilling pride, and gaining respect and trust.…

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    CLAWS Inc.: Case Study

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    Scope of work I am designing a fundraising plan this semester for CLAWS Inc. This plan is designed to be a comprehensive fundraising plan that includes new methods of fundraising for CLAWS. The fundraising plan will outline fundraising goals, the amounts desired, the current fundraising situation, the tactics used, and the proposed timeline. I intend to propose new ideas as well as research funding sources such as grants that can be applied to at a later date. I also intend to outline which…

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