Premium Essay

Hsc Syllabus Topic One Operations

In: Business and Management

Submitted By Bryce141414
Words 4811
Pages 20
Topic One: Operations Students Learn to:
Examine contemporary business issues to: * Discuss the balance between cost and quality in operations strategy
Cost and quality are two performance objectives of a business. Cost and quality generally oppose each other as performance objectives as for a business to achieve quality this will generally cost money and then increase costs. * Examine the impact of globalisation on operations strategy * Identify the breadth of government policies that affect operations management * Explain why corporate social responsibility is a key concern in operations management
Investigate aspects of business using hypothetical situations and actual business case studies to: * Describe the features of operations management for businesses in a tertiary industry * Assess the relationship between operations and the other key business function in two actual businesses * Explain how operations strategy van help a business sustain its competitive advantage * Recommend possible operations strategies for one hypothetical business

Students Learn About
Role of operations management * Strategic role of operations management – cost leadership, good/service differentiation
A businesses competitive advantage refers to the features implemented by a business that create an advantage over its competitors.

A business can make long-term (strategic), medium term (), or short term () decisions.

Efficiency refers to achieving maximum output with the minimum level of inputs. It involves achieving an objective without wasting resources and while keeping costs as low as possible.
Profit margin is the difference between the sale price of a product and the cost to make the good or supply the service.

Cost leadership- A cost leadership strategy is where a business aims to be the lowest cos manufacturer within…...

Similar Documents

Free Essay

Syllabus

... |400 | |Grand Total of Marks (From semester I to VI) |4000 | * Sessional Marks in each theory paper will be awarded by the concerned teacher on the basis of marks obtained in one class test (of 10 Marks and 90 minutes duration) and evaluation of assignments (of 10 Marks). Note: Size of Groups for all practical and viva-voce examinations should not be more than thirty. MCA-101 Computer Fundamentals and Problem Solving Using C Maximum marks: 100 External: 80 Time: 3 hours Internal: 20 Note: Examiner will be required to set NINE questions in all. Question Number 1 will consist of total 8 parts (objective type/short-answer type questions) covering the entire syllabus and will carry 24 marks. In addition to the compulsory question there will be four units i.e. Unit-I to Unit-IV. Examiner will set two questions from each Unit of the syllabus and each question will carry 14 marks. Student will be required to attempt FIVE questions in all. Question Number 1 will be compulsory. In addition to compulsory question, student will have to attempt four more questions selecting one question from each Unit. UNIT-I Computer Fundamentals: Definition, Block Diagram along with Computer components, characteristics & classification of computers, hardware & software, types of software, firmware. Planning the Computer Program: Concept of problem solving, Problem......

Words: 13848 - Pages: 56

Free Essay

Psy 340 Week One Syllabus-Apa Quiz

...S SYLLABUS & APA QUIZ (20 points) Please read through the official syllabus, the instructor’s Policies, the APA Template (all which are posted in the Course Materials folder), and the Academic Policies statement found in the left-hand column of the Classroom Materials page, and then answer the following questions. Please post your completed quiz In the Assignments tab by 11:59pm MST on Day 5 (Saturday). Please type your name here: JOHN LOPEZ 1. The second full sentence of the official syllabus for this course is: Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. 2. To earn full participation points for any week in this class, you must post how many substantive replies to your classmates’ posts a minimum of how many days? For full participation credit during participation weeks, student/learners are required to contribute two substantive discussion messages four days each week in the Main Forum. 3. Grade points will be deducted if your written assignments do not comply with the APA style and format illustrated in what document, that is posted in the Course Materials folder and based is on the APA Publication Manual? The Writing & Style Guidelines (APA) - 6th edition 4. In which forum(s) can participation points be earned? Participation points can be earned in the Main forum 5. Do your DQ responses and Weekly Summaries count towards participation......

Words: 1063 - Pages: 5

Premium Essay

Sci/162 Topic One

...Answer the following questions (response length should be 150-300 words): Define the terms health and wellness in your own words. [2 points] Based on the six wellness dimensions discussed in our textbook, identify and explain one of the dimensions you have strengths in and one that you have deficiencies. [3 points] What is one thing you can do to enhance your strong area and one thing you can do to improve your weak area? [3 points] Wk1 topic1 Health is the positive inclusion of mind, body, and spirit. When these aspects are in alignment one finds themselves free of various afflictions that erode our systems and lead us to decline. Wellness is an ever evolving state of health. Health and wellness work together in order to achieve optimal results. Intellectual health is ability to identify situations and react to them logically by employing objective reasoning, critical thinking, and understanding of potential outcomes. Intellectual health is one of my strengths in the wellness dimensions. Whereas, emotional health is identified as of my weaker strengths of the wellness dimensions given my penchant to be a passive aggressive person. Emotional health refers to keeping a healthy balance of your emotions, knowing when to apply the proper reactions as they correspond to situations. In order to enhance my strong area, I review the mistakes that were made to understand where and why they happened. By doing this it allows for a deeper understanding and the ability to......

Words: 288 - Pages: 2

Premium Essay

Syllabus of Production and Operations Management

...DEPARTMENT OF MANAGEMENT, MARKETING, AND ENTREPRENEURSHIP SYLLABUS MANAGEMENT 6 PRODUCTION AND OPERATIONS MANAGEMENT I. TITLE OF THE COURSE: Management 6 II. COURSE DESCRIPTIVE TITLE: Production and Operations Management III. COURSE CREDIT: Three (3) units IV. PRE-REQUISITE: Mgmt 1 and Math 4C V. COURSE DESCRIPTION: As a primary business function, along with marketing and finance, the production operations function plays a vital role in achieving the organization’s basic purpose for existence – to satisfy customer needs – by transforming resources into goods and services. Production operations management is important for two reasons: (1) it is the operations function that is primarily concerned with the production of goods and the provision of services, and (2) the operations function typically involves the greatest portion of the organization’s human resources and is responsible for a large portion of the firm’s capital assets. This course introduces the strategic and tactical decisions involved in production operations management. It focuses on the concepts and tools that are used in making decisions as well as trends and global best practices related to the planning and design, operation, and control of production operations systems. VI. COURSE OBJECTIVES: 1. To enable the students to develop a comprehensive understanding of the production/operations function and to appreciate its role as well as its......

Words: 613 - Pages: 3

Free Essay

Special Topics in Operations Mgt.

...Members: Anthony Combes Jerick Angeles Industry: Telecommunications I. Introduction Telecommunications is a universal term that is used for a vast range of information-transmitting technologies such as mobile phones, land lines, VoIP and broadcast networks. It is one of the fastest-growing industries in the world, especially in the developing countries. It is a process where in an exchange of information occurs by means of electronic and electrical over a distance. An example of a complete arrangement of this process is that, it is made up of two or more stations provided each with transmitter and receiver devices. There is this so called transceiver, a single co-arrangement of transmitters and receivers that may also be used by telecommunication stations. In telecommunications, information is passed through forms of electrical signals which are the carrier waves that are modulated into analog or digital signals for transmitting information. Telecommunication all began in Africa, some parts of Asia and the Americas with the use of smoke signals and drums. Until, in the year 1830’s, electrical telecommunication systems started to appear already. With the advancement of the technology today, no doubt why time and distance as obstacles to communication is not is not problem anymore. Telecommunication has been always beneficial to many parts of the society such as businesses, international relationships and many more.......

Words: 466 - Pages: 2

Premium Essay

Topic One for Staging

...Topic 1 Throughout the past week, I learned the names of all my classmates in self-staging. I have never had an assignment like this before. I was confused at first, and honestly did not see the point in learning names or facts about anyone in my class. In grade school, my classmates and I would play the name game. I never learned the names of everyone by participating, however the people in my classes were the same people I had grown up with. College classes are a completely different story. In my previous classes, I never learned the names of most people enrolled. Everyone would just come to hear the professor's lecture, then leave. Communication is an important fundamental skill that is used every day. Self-staging is different from any other college class I have ever taken. After only two days, I not only knew my classmates names, but also a fun fact. Knowing this made the “awkwardness” of a college class disappear. I feel more comfortable in the class, which I know will help with future assignments. I have seen a few of my self-staging classmates outside of class and said hello. I am by no means a shy person, but I feel as if this class will help me with communication. I was never nervous about speaking in front of the class, but now I might be more open with everyone in it. I know having good communication skills is needed throughout life. It will help me in school and at my job. Another aspect of this assignment that I liked was meeting everyone. I am having to......

Words: 530 - Pages: 3

Free Essay

Day One of Operation 69

...Janurary 4th, 1969 Day one of Operation 69, located on the range of Vietnam to take down General Form, the leader of the upper bound Vietnam Army. General Form his right-hand man Master Quadrants are responsible for the relation of invading our domain and torturing many citizens with their quadratic functions of Leading Coefficient Test. I am Leuitenant Axis the leader of Alpha I. We are specialized in top secret missions, mostly assasination related. Our Cartesian plane arrived in Vietnam at 20 hundred hours at the lower bound of Vietnam in order to assure noone sees us. 2 hours of sleep, then we head on into the dark towards Descartes Rules of Signs, an underground market that will supply us with standard forms of desguises so we can have the element of surprise. Janurary 6th.1969 Day three and we have arrived to Descartes Rules of signs and have recieved our desguises have can head to the upper bound to achieve the solution of assasinating our targets. From what the test intervals show, there are many hideouts and many coordinates we would have to search, so I decided to take a risky independent variable in our mission. I decided to split my platoon into ordered pairs to increase our chances of assasinating these power functions. Sargeant Hays and Private Colt will be station on the right orgin of the upper bound, which is a HAM radio station to intercept any important information to keep us updated. Corpral James and Private Skychild will be stationed at the......

Words: 1029 - Pages: 5

Premium Essay

Syllabus

...Course Syllabus BUSI 530 Managerial Finance Course Description A treatment of the theory and practice of financial decision making in the firm, with emphasis on the practical application of financial analysis, the course is based on the principle that a firm should be managed to increase the wealth of its shareholders. The target audience is managers, at all levels and in all functional areas. Beginning with an overview of financial analysis, the course topics include financial management, capital investment decisions, financing decisions, and managing for value creation. Importance is placed on the concept of the time value of money. A firm is an ongoing concern. Financial decisions and the value of a firm must be evaluated in terms of the sequencing and amount of the cash flows generated. Rationale One of the primary objectives of this course is to provide managers, or those aspiring to that level, with the understanding required to manage the financial decision making process effectively. Understanding the operations of a firm or a specific capital project from a financial perspective is critical to being a well-rounded manager. I. Prerequisites None II. Required Resource Purchase Brealey, R. A., & Myers, S. C., & Marcus, A. J. (2011). Fundamentals of corporate finance with Connect Plus (7th ed.). Boston, MA: McGraw-Hill. ISBN: 978-0-07-7596118. Disclaimer: The above resource provides information consistent with the...

Words: 1198 - Pages: 5

Free Essay

Syllabus

...accountants, and finance and operations executives and more. Because our readings are online and current, we will learn how key business theories explain and enable what is happening today in business when information systems are being used. We will learn how to apply management concepts to understand the opportunities created by, and threats arising from, the effective use of information systems. We will discuss how to analyze and design information systems for business and how those systems are used in different businesses and business functions. We will cover the use of spreadsheets and databases for analysis and decision making. We will learn about key technologies such as telecommunications. Course Perspective When you read a business publication website such as the Wall Street Journal, Fortune, Business Week, or even a general publication such as the Washington Post or the New York Times, you will see a large number of stories directly related to the use of information systems in business and government. Business people get excited because Information Systems (IS) have the power to create and restructure industries, empower individuals and firms, and dramatically reduce costs. Business people get scared because they know, when poorly implemented, IS can squander shareholder wealth, taxpayer money, and destroy firms and careers. Every manager in business, non-profits and government has to pay attention to the impact on their BMGT301(Syllabus(McCue(2014 Fall for......

Words: 4524 - Pages: 19

Free Essay

Syllabus

...accountants, and finance and operations executives and more. Because our readings are online and current, we will learn how key business theories explain and enable what is happening today in business when information systems are being used. We will learn how to apply management concepts to understand the opportunities created by, and threats arising from, the effective use of information systems. We will discuss how to analyze and design information systems for business and how those systems are used in different businesses and business functions. We will cover the use of spreadsheets and databases for analysis and decision making. We will learn about key technologies such as telecommunications. Course Perspective When you read a business publication website such as the Wall Street Journal, Fortune, Business Week, or even a general publication such as the Washington Post or the New York Times, you will see a large number of stories directly related to the use of information systems in business and government. Business people get excited because Information Systems (IS) have the power to create and restructure industries, empower individuals and firms, and dramatically reduce costs. Business people get scared because they know, when poorly implemented, IS can squander shareholder wealth, taxpayer money, and destroy firms and careers. Every manager in business, non-profits and government has to pay attention to the impact on their BMGT301(Syllabus(McCue(2014 Fall for......

Words: 4524 - Pages: 19

Premium Essay

Sleep Is One of the Richest Topics in Science Today

...Sleep is one of the richest topics in science today: why we need it, why it can be hard to get, and how that affects everything from our athletic performance to our income. Daniel Kripke, co-director of research at the Scripps Clinic Sleep Center in La Jolla, Calif., has looked at the most important question of all. In 2002, he compared death rates among more than 1 million American adults who, as part of a study on cancer prevention, reported their average nightly amount of sleep. To many, his results were surprising, but they've since been corroborated by similar studies in Europe and East Asia. Kripke explains. Q: How much sleep is ideal? A: Studies show that people who sleep between 6.5 hr. and 7.5 hr. a night, as they report, live the longest. And people who sleep 8 hr. or more, or less than 6.5 hr., they don't live quite as long. There is just as much risk associated with sleeping too long as with sleeping too short. The big surprise is that long sleep seems to start at 8 hr. Sleeping 8.5 hr. might really be a little worse than sleeping 5 hr. Morbidity [or sickness] is also "U-shaped" in the sense that both very short sleep and very long sleep are associated with many illnesses—with depression, with obesity—and therefore with heart disease—and so forth. But the [ideal amount of sleep] for different health measures isn't all in the same place. Most of the low points are at 7 or 8 hr., but there are some at 6 hr. and even at 9 hr. I think diabetes is lowest in 7-hr.......

Words: 597 - Pages: 3

Premium Essay

Syllabus

...SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Jun 30, 2015 - Aug 03, 2015 Faculty Information Name : Email Address : Phone Number : HERB SPALLA (PRIMARY) See Policies Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Academic Resources • Web Links Instructions Review the Web Links. SupportingMaterial Web Links • Interactive World Map Link Instructions Review the Interactive World Map Link. SupportingMaterial Interactive World Map Link • Text Citation Information for Electronic Readings Instructions Review the Text Citation Information for Electronic Readings. SupportingMaterial Text Citation Information for Electronic......

Words: 2751 - Pages: 12

Premium Essay

One Syllabus

...location: 439 Dodge Hall/TBA Course Materials: • TEXT: Financial Accounting, 8th edition, Libby, Libby, & Short (Irwin McGraw-Hill) • Connect Plus • Learn Smart • Simple 4-function calculator Text and Connect Plus Options • Hardcover (including Connect Plus plus ebook access) o $303 at the Bookstore (resale value approximately $137 at the Booskstore) • Ebook and Connect Plus o $105 – online purchase o Valid for both semesters of this course • Connect Plus only o $76 – online purchase o No ebook or text material included o You can use this option if you have purchased a 2nd hand text • Looseleaf Text o $40 “upgrade” – you must have purchased one of the Connect Plus options o Online purchase through Connect Plus o This is a black & white, 3-hole punched, loose-leaf copy of the full text Registration with Connect is required. Your homework will be completed and submitted via McGraw-Hill’s Connect website. If you have not bought a text/package yet and are not sure if you will remain in this course, you can still register with CONNECT to do your first assignment by selecting the free trial option. Connect access class web page: • If you have any questions regarding CONNECT please direct these to McGraw-Hill tech support, either by visiting their website at: www.mhhe.com/support for helpful FAQ’s, or by calling 800-331-5094. Course Objectives......

Words: 2120 - Pages: 9

Premium Essay

Chapter One Topic Questions

...CHAPTER ONE TOPIC QUESTIONS 1. What are the three components of the C.I.A. triangle? What are they used for? The three components of the C.I.A. are: confidentiality (assurance that the information is shared only among authorized persons or organizations); integrity (assurance that the information is complete and uncorrupted); and availability (assurance that the information systems and the necessary data are available for use when they are needed). These three components are frequently used to conveniently articulate the objectives of a security program that must be used in harmony to assure an information system is secure and usable. 2. If the C.I.A. triangle is incomplete, why is it so commonly used in security? The CIA triangle is commonly used in security because it addresses the fundamental concerns of information: confidentiality, integrity and availability. It is still used when not complete because it addresses all of the major concerns with the vulnerability of information systems. 3. Describe the critical characteristics of information. How are they used in the study of computer security? Availability - enables users who need to access information to do so without interference or obstruction and in the required format. The information is said to be available to an authorized user when and where needed and in the correct format. Accuracy- free from mistake or error and having the value that the end-user expects. If information contains a value......

Words: 1295 - Pages: 6

Premium Essay

Operations Topic Summary

...flow of money that comes into a business and that a business spends. 3. What are contingencies? Out of a businesses cash flow some money for contingencies need to be set aside. This is an unanticipated event that leads to financial difficulty. Businesses should have money saved for such events. 4. Credit ratings: A well-managed business has a good credit rating. This means lenders will be prepared to end the business money because they it is safe to do so. Credit ratings are determined by financial organizations that access the capacity of the business to repay debt and manage finances. If a business has a good credit rating, creditors will readily provide funds to expand businesses operations. It’s important because it determines weather a business will have funds to expand operations. 5. What is accounting? Accounting is an administrative tool for recording financial transactions, so that a summary of what has happened to the business money can be traced. Every financial transaction should be recorded and entered into accounts that can be summarized into financial reports. Financial reports and statements provide information about the trading period. These statements are set out in a standard format that is easy to read and understand. The main types of financial reports and statements are: * Cash flow statements Provide information about the liquidity of the business * Income statements Outline income received and expenses incurred by the business in......

Words: 707 - Pages: 3