Understanding Production Processes and Plant Distribution
Production
The Production Function
The production function aims to provide goods and services that will meet consumer needs. This is done by transforming inputs and raw materials into goods or services.
- It is the function that characterizes the industrial and commercial enterprise, unlike the latter, which only buys and sells.
- Production is providing goods and services to meet users’ needs, transforming a set of inputs (raw materials, materials, hand labor, energy) into a set of specific elements out:
Understanding Leadership Styles: Democratic vs. Authoritarian
13. Analyze the Characteristics of Democratic and Authoritarian Leadership
Democratic Leadership:
– Teamwork and a lack of fear among group members, regardless of their position.
The democratic leader utilizes communication effectively with team members.
The democratic leader is motivating and stimulating towards achieving goals.
The role of the leader extends beyond a purely democratic workplace.
Authoritarian Leadership:
– Makes concrete decisions and all actions originate from their authority,
Key Strategies for Successful Outsourcing Implementation
Basics for a Successful Outsourcing
1. Review the Structure of the Company.
A. Have proper administration of the procurement process: The process of outsourcing should have a defined mission: to increase the product value perceived by consumers.
B. Identify key skills and identify bottlenecks: Identify which activities are central or main for the business.
C. Change the organizational culture: Members of organizations should understand the fundamentals of this separation of activities, the reasons behind
Effective Marketing Objectives and Strategies for Success
Objectives: Specific, measurable goals that define what a company aims to achieve within a set timeframe. Aligned with corporate objectives, consistent with company objectives, and set the WHAT & WHEN. They should be realistic & achievable, communicated to all people involved, and help measure results later.
Example: Increase online sales by 25% through the company website by using targeted digital marketing campaigns within the next 6 months.
Basic Principles of Formation of Objectives
- Specific:
Effective Decision-Making Strategies for Business Success
Making Decisions
Information Involved: Problem and/or Opportunity Situational Diagnosis – Planning – Stock – Options – Objectives and/or Options – Evaluation of Alternative Options – Selection – Decision
Decision Matrix: Planning – Programming – Programming Activities Resources – Financing Project Document
Action Performance: Plan Execution of Operations Information System – Monitoring Reports (Assessment In) – Assessment Post-Impact – Relevance – Efficiency – Effectiveness – Feasibility Results
Feedback
Strategic
Read MoreTransforming to a Paperless Office: Benefits and Strategies
Paperless Office: The “paperless office” is a novel concept that is part of eGovernment, aiming to integrate new technologies into the environment. The enormous potential that ICTs can offer for environmental improvement is yet to be fully realized. The use of e-administration does not necessarily imply a commitment to good environmental practices. Therefore, the implementation of the “paperless office” can be as simple as reducing or eliminating paper usage or something more complex if approached
Read More