Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Braintrust Toys is a toy maker that has as its mission, “Our purpose is to expand the minds of children 1 month–100 years old.” Currently they use a product development strategy, but believe that maybe they need to orient their company towards an innovative strategy. Their current objectives are to: Invent 10 new toys every year and reinvent at least 10 more. Increase revenues by 15% per year. Employ motivated and committed workers. Provide safe and intellect expanding toys for everyone. Braintrust Toys has operated as a medium-sized company for about 20 years. Their compensation to date has been based on longevity at the company. The evaluations were performed by their managers after reviewing their results based on: (1) their influence on increased department product output (75%) and (2) increased department sales (25%) at the end of the year. With the increasingly mechanized and digitized toys, and now robotics involved in toy making, many employees have been let go or offered early retirement due to their obsolescence. The new objectives in line with the new innovation strategy include: -Enhance attributes and convenience in at least 20 existing products -Launch at least 15 new products that appeal to new customers and new markets -Develop 5 new markets -Hire personnel that think innovatively -Hire diverse support personnel and designers who are customer service oriented to support new products and markets The 200 remaining employees are beginning to worry and feel their compensation and evaluation process needs an overhaul. Explain how Braintrust can link their compensation and evaluations to the company’s new objectives and innovation strategy. What methods of performance evaluation might they use? Why?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93133418

Have any Question?


Related Questions in Operation Management

Purpose of assignmentstudents will learn to assess how an

Purpose of Assignment Students will learn to assess how an organization's culture and strategy may impact the ability to consume and implement change, comprehend the different types of organizational structures, and how ...

Evaluate how outdated motivation theories can lead to

Evaluate how outdated motivation theories can lead to ineffective and antiquated rewards systems, as noted by Bowey (2005). Analyze the role that culture as a component of compensation design plays in the creation of mot ...

Assignmentfirms trading across country and political

Assignment Firms trading across country and political boundaries have various methods of ensuring payment. One of the methods is the use of International Letters of Credit. Using the Internet, do the following: 1. Find a ...

1 in a 500-1000 words imagine you live in a mid-size city

1. In a 500-1000 words, imagine you live in a mid-size city in the United States and are currently starting a business called SafeHeaven which will focus on recreational activities. In your opinon, what is the Investment ...

Question is maintaining a balance of the

Question : Is maintaining a balance of the politics-administration dichotomy important? What does, or might, happen if there is not a proper balance? What can public administrators do to maintain a good balance of the po ...

Assignment discussion-ethics and ipripr protect drug

Assignment : Discussion-Ethics and IPR IPR protect drug companies from others making their products without the expense of investing in research and development. IPR also enable drug companies to recoup research and deve ...

Letrsquos imagine you are the marketing creative for a

Let’s imagine you are the marketing creative for a smaller less known running shoe manufacturer. You have been tasked with the goal of building more brand awareness for a new line of running shoes – how would you use the ...

Questions 1compare and contrast the leadership

Questions 1. Compare and contrast the leadership characteristics of Stan and David. 2. Discuss whether David has any alternatives other than implementing Stan's orders. 3. Even if the automation is successful at increasi ...

A farmer is considering producing turfgrass seed she

A farmer is considering producing turfgrass seed. She estimates the total fixed cost (which are difficult to allocate) to be about $750,000 and when 20,000 bags are produced the variable cost is $1,500,000. a) How many b ...

1 analyze and discuss amazonrsquos approaches and

1. Analyze and discuss Amazon’s approaches and successful implementation of processes. How can you embed some of the Amazon strategies into your inport/export company? As you get into the logistics of delivering your pro ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As