Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The plant managers of ABC Corporation's five plants have met at a common location at 8:00 am every Monday morning for 20 years. The people serving as plant managers have changed several times during this period, but the meeting has not. Every Monday morning all five plant managers are seated around a conference table in the home office. It is not uncommon for the managers to have no pressing business to discuss and the meeting amounts to nothing more than a Monday morning coffee session. Not only is the meeting inconvenient, but it is also costly, time-consuming, and occasionally interferes with the work of the plant managers. Finally, one of the plant managers had had enough. He decided to conduct a cost-benefit analysis of the meeting. When he presented it at a meeting of the plant managers, ABC's CEO and the other plant managers were shocked to learn that the company could have $50,000 if the managers met only when there was pressing business to discuss.

Discuss the following question:

How does this case illustrate the need to constantly review the status quo and ask "Why"?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93126352

Have any Question?


Related Questions in Operation Management

1 why is it advisable that human resources provide

1. Why is it advisable that human resources provide individual meetings with each emplouee that is terminated in a workforce reduction? 2. Should an employee who is about to be discharged for cause be allowed to resign? ...

1 what forecasting components level trends seasons or

1. What forecasting components (level, trends, seasons, or cycles) would you expect in demand for chocolates? 2. What do you think will happen going forward? what obligations do companies like google have to ensure that ...

The federal bureau of investigation of the us government

The Federal Bureau of Investigation of the U.S. government, the FBI, was forced to scrap its $170 million virtual case le (VCF) management system. Official reports blamed numerous delays, cost overruns, and incompatible ...

Case studyin december 2016 arshad ali joined imperial

Case Study In December 2016, Arshad Ali joined Imperial Computers Ltd. (ICL) as a Senior Programmer, with a handsome pay. Prior to this job, he worked successfully as an assistant programmer in Gem Computers (Gem). Arsha ...

Sprig is an on demand delivery restaurant that offers

Sprig is an on demand delivery restaurant that offers balanced meals which are fully prepared and delivered within 15 to 20 minutes. Identify two (2) additional target markets upon which Sprig should focus. Within your r ...

A jewelry firm buys semiprecious stones to make bracelets

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.00 per stone for quantities of 600 stones or more, $8.30 per stone for orders of 400 to 599 stones, and $10 per stone ...

1 how monte carlo simulation is used in business

1. How Monte Carlo simulation is used in business applications? Give an example of how it is used to solve a business problem 2. What is Monte Carlo Simulation? 3. Pick a specific service that you or your workplace purch ...

Below are several problems that commonly occur in project

Below are several problems that commonly occur in project organizations. State, if possible, the effect that each problem could have on communications and time management: a. People tend to resist the exploration of new ...

A few years ago mark and phil thought it would be fun to

A few years ago Mark and Phil thought it would be fun to work together on a piece of research. They also hoped it would benefit their continuing development as researchers. Mark’s research background (strength) has its o ...

Help for the homeless hfhhelp for the homeless hfh is a

Help for the Homeless (HFH) Help for the Homeless (HFH) is a charitable organisation in Vanuatu which works with members of society who have no home and require assistance in everyday activities, such as finding food and ...

  • 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