Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The proposed method is based on three pillars, namely, the SWOT Analysis, Balanced Score Card and Internal Procedures and is called S.B.I. The proposed method encompassed inputs at two levels: yearly and monthly. First, the vision and core values of the organisation were taken into consideration. A vision represents the strategy company’s core values in which an organisation hopes to remain or to go in the future. A well conceived vision statement consists of core ideology and envisioned future. SWOT analysis, as a strategic planning method, penetrates strategic insights. The SWOT analysis might develop a set of strategies that makes sense. Strategic Objectives identify the path that an organisation must pursue to accomplish its mission and be aware of its vision. Strategic Objectives can be derived from the customer focus taking in consideration their needs and expectations. A classification of the Key Performance Areas (KPA) was conducted followed by defining metrics for the most important business processes. These performance areas were captured based on the paths which were identified from the Strategic Objectives (SO) analysis. The next step was to identify the Key Performance Indicators (KPI's) which were used in each perspective. KPIs represent a set of measures focusing on those aspects of organisationalperformance that are the most critical for the current and future success of the organisation The first area covers the Balanced Scorecard with KPIs focusing on four different perspectives. financial, customer, internal business process and learning The second area includes KPIs that dynamically account for the changes in the external environment. Sales performance is influenced by the instability of changes in the external, local and international environment. The third area focus on Employee satisfaction. Employee job satisfaction and performance can be moderately related (Judge et al., 2001). Measuring job satisfaction provides feedback in terms of diagnosing potential problems as well as productivity issues A method which can be used for measuring employee satisfaction is a survey questionnaire with mainly closed questions. The following step of the S.B.I. framework is the presentation and tracking of the KPIs results. it is important to have a capable and easy-touse reporting environment at our disposal which leads to better business decisions. A reporting analysis tool. The KPIs were allotted into four different classes of performance actions, that is, the training development, corporate communication, internal communication and internal procedures. Corporate communication, can be retained as “marketing communication; organisational communication; management communication”. Blended learning methods may increase sales performance Internal communication can take many different forms such as face-to face, informal meetings, email messages, letters, memos and reports. Communication will have a positive influence on the participation of all the involved staff in the derived actions. Internal procedures Support the continuous improvement approach of the quality management system of the organisation. Evaluation of the derived actions aims to distinguish aspects that went well and others that did not, based on the performance results of the current month.

Please feel free to express your critique about what purposes does S.B.I Model (Vouldis, 2013) approach serve? Discuss what is involved in each process. Could be developed in any areas of industry? What problems can you identify with this approach?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93101545

Have any Question?


Related Questions in Operation Management

1 what are the four rules that have to be followed to use a

1. What are the four rules that have to be followed to use a Poisson distribution? 2. What are the professional certifications in supply chain management commonly used or highly valued in the industry? 3. Can you help me ...

Anaire ac ltd is a company that makes and sells motor

Anaire AC Ltd is a company that makes and sells motor cycles, and was set up in 2008 by millionaire and environmental campaigner Mr Alyas. Mr Alyas is also one of the directors. The articles of the company state the comp ...

For each one of the risk factors for work-related

For each one of the risk factors for work-related stress:• Poor support from supervisors and/or co-workers, • Lack of role clarity, 1. Think about some possible solutions or ways to mitigate each of the risk factors that ...

Bull key issue lessons learned from the design and

• Key Issue: Lessons learned from the design and implementation of JIT at the Georgetown Plant • Study Questions: • What are the major changes that the Georgetown Plant made? Explain the purpose of each change and how it ...

1 the manufacturing area has had a historical delay

1. The manufacturing area has had a historical delay percentage of 7.9%. Management wants to verify that percentage using an alpha value of 7% and they are willing to tolerate an acceptable error of 2%. How large a sampl ...

Case study one question walmartsummarize the main purposes

Case Study (one question) : Walmart Summarize the main purposes of information systems in organizations Walmart With the advent of science and technology, technological innovations have become a pre-requisite to achieve ...

1 according to ceo foraker what are the values that drive

1. According to CEO Foraker, what are the values that drive Annie's?  Why did CEO Foraker and Annie's decide to go public?  What products does Annie's sell?  What are the negatives for Annie's in going public? 2. Why did ...

1 what issues about organizational structure surface as a

1. What issues about organizational structure surface as a result of Unilever's proposed strategies and objectives regarding sustainability? 2. Please select a NonProfit organization and briefly evaluate its financial po ...

You have been invited as a student who has studied business

You have been invited as a student who has studied business ethics to present a case to a CEO, CFO, and ethics officer of a mid-size firm wanting to be Sarbanes-Oxley compliant. you have been asked to discuss and help th ...

How do these four terms affect a large business like bmw

How do these four terms affect a large business like BMW? Evaluate and explain how they relate to BMW. Economic Order models Economic Production Quantities Strategies for managing uneven demand Tools and/or systems used ...

  • 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