Operations Management

- The stakeholders for the LAMP H projects were the project manager, then he appointed the Independent system analysis organization to perform requirement analysis for the project, they were critical stakeholders too. Army Material Command controlled the funds required for the project, so they were stakeholders too. Troop-Support Command, DOD and Department of Army Staff were stakeholders too. The R&D center and the Transportation School or T school were stakeholders too. Since DOD is associated with the United States Government, hence the government would be a stakeholder too. Since this amphibian vehicle was planned to be used in battlefields by all troops, Navy and Air Force were stakeholders too. Stakeholders’ influence including at least potential for threat, the potential for cooperation and strategy adopted. Initially before the PEO role came into existence the project manager did an excellent job by getting requirement analysis done. The project manager got the cons

V alue of robust project management approach   Before the financial crisis of 2007 – 08 Project management was not so much popular. With the financial crisis, most companies recognized that they had to optimize their processes, efficiencies and maintain timeline and budget was also very critical for organizations' long term success. An economic Intelligence report established the fact that 80% of executives thought that having a project management competency helped them remain competitive during the recession(PMI, n.d.).   In a survey done by Mckinsey, 60% of executives have said that having a project management competency in the organization is among their top 3 priorities. With globalization companies are operating in multiple geographies, teams are spread out in different geographies. And in this environment managing a project means managing output, managing timeline, stakeholders, and of course the budget. During the economic crisis when resources were scares, executi

Before the financial crisis of 2007 – 08 Project management was not so much popular. With the financial crisis, most companies recognized that they had to optimize their processes, efficiencies and maintain timeline and budget was also very critical for organizations' long term success. An economic Intelligence report established the fact that 80% of executives thought that having a project management competency helped them remain competitive during the recession(PMI, n.d.).   In a survey done by Mckinsey, 60% of executives have said that having a project management competency in the organization is among their top 3 priorities. With globalization companies are operating in multiple geographies, teams are spread out in different geographies. And in this environment managing a project means managing output, managing timeline, stakeholders, and of course the budget. During an economic crisis when resources were scares, executives found out that sticking to project management pr

I absolutely agree that better adherence to the standards, impact analysis, proper communication to stakeholders would have avoided the issues. While the person in the article decided to turn it into a DYI project to save money, he did not do any impact analysis. He had no idea what would happen if the spillway to the dam filled up. If he was aware of the utility of that spillway, maybe he would not do that. There is another possibility, his sole priority was saving money and he did not care about anything else. He was not aware of the impact or maybe he did not care about the impact. He should have reached out to other stakeholders who might have known the importance, but there was no communication with stakeholders. As a result, when the rainstorm hit, the dam broke down. Because there was no spillway anymore. The authorities who were in charge of the dam were not informed, so there was a major failure in communication. Not following proper processes costed a threat to lives.

The 3 concentration strategies we will consider are as following – Market Penetration Market Development Product Development   Market Penetration – when firms try to grab a bigger market share with existing product or service, that concentration strategy is known as market penetration. McDonalds introduced dollar menu, and when customers order dollar menu items they tend to order more. In 2018, McDonalds witnessed great growth in sales with their $4 menu items and other low-cost offering (Duggan,2018).   With introduction of these menu items McDonalds gained market share, so this was a great market penetration strategy. Microsoft offers office suite, which is great for all enterprise usage, this is a good market penetration strategy. Because these products are great for all types of users. Market Development – when a firm takes the existing product or service and takes it to a new market, where they were not present before, that is called market development. When Mc

Compsis was facing head winds in 2004. Their revenue dropped from $4.2 million to $3.3 million. While the implemented Electronic toll collection system successfully in Australia with partnership with an American firm Philips. But their venture in India did not see success due to cost constraints. While Compsis gets majority of their business from Brazil, but they do not want to rely on only Brazil and want to expand. They are looking for opportunities in other Latin American countries, Other emerging markets such as India, Pakistan and of course the biggest market for electronic toll collection that is the USA. But entering into the US market is not that easy for Compsis. While US market was matured and growing, it was dominated by firms such as MarkIV, TransCore, Raytheon, SIRIT, ACS State, VES Systems, CASETA Technologies , ETC Inc. The customer base in the USA is mainly Quasi-governmental bodies. While the US market has 64 toll agencies in 26 states, the ETC sales process is signi

Any mature firm, that operates in developed market, a firm like McDonald's, usually seeks opportunities outside the USA or in general the domestic market. As the business is cash flow positive and growth is slow and competition is high, it might be wise to seek opportunities outside of the domestic market. While these large firms go international the rewards are different for different firms. For example, when firms like KFC or McDonalds go international, they really benefit from new customers, cheap labor. Especially firms moving into populous countries like China and India, where the middle-class population is increasing will get access to a huge customer base. When Firms like Microsoft, Facebook, Google goes international they benefit from cheap labor. These firms can set up a development center or data center wherever English speaking and technically skilled people are available. The products they sell are standard, and sold globally, regardless of where it is developed. Fo