Little Angel-Devil Kristy

SU 3 Chapter 8 <Location Decisions> Outline: 1. The Strategic Importance of Location Location Strategy:  The objective is to  maximize the benefit of the location . An important decision to be made by a firm Global nature of business Significant impact on costs Location decisions made infrequently 2. Factors That Affect Location Decisions Location and Costs . Location decisions to support low-cost strategy require careful consideration. Once location is committed, many costs are fixed.  Concentrate on determining an optimal facility location. Location and Innovations Location criteria will move away from cost-focus if innovation is critical. (4) Key Attributes affecting innovation and competitiveness. >>1 >> High quality and specialized resources >>2 >> An environment that promotes investment and local competition >>3 >> A sophisticated local market >>4 >> Presence of related and supporting business Factors That Affect Location Deci...

SU 1 Chapter 1 <Introduction to OM> - define OM OM are activities that relate to the creation of goods and services through the transformation of inputs(resources that the firm employ) into outputs(finished goods/services performed). - describe process of value creation by transforming inputs into outputs This transformation process (from input to output) also brings about a creation of value. where the finished goods or service performed brings about a greater value to the customer. - differences between goods and services from OM perceptive GOODS good can be defined as a tangible product that is something that you can touch such as your mobile phone.  goods possess a unique set of characteristics, such that you can define goods easily and its specification is consistent throughout. example: mobile phone is capable of making calls and sending text messages. what are two very basic functions which one can easily defined. production of a goods takes place priority   consumption ...