4/5/2023 0 Comments Operational decisions![]() ![]() Operational Decision Making is about making sound business decisions and taking action to resolve immediate issues and pursue opportunities. This contrasts with strategic decision making, which is concerned with larger chunky issues, and often comes with a blueprint unique to each organisation. Peter Drucker, often described as the father of modern management, is quoted as saying: “Whenever you see a successful business, someone once made a courageous decision”.įrom this you will see an operational decision has an outcome based on a procedure that is designed to resolve every day or, in most cases, ‘unexceptional’ occurrences. Thus you will appreciate the need for an evidence based process which calls for a leader to be both systematic and thorough. ![]() Consider the hundreds of operational decisions being made in an organisation on a daily basis. They are part of the choices and judgments a leader makes in a fast moving business environment. And they remove obstacles to achieving those goals. The decisions advance specific business goals. These decisions have an immediate impact on the business, on the leader and on the leader’s team. Operational decisions will usually need to be taken in response to situations that arise in the short-term business cycle. ![]() If you are a subscribers to Kindle Unlimited you can borrow and read the eBook for free. You could call it leadership in a hurry! This article is an Executive Summary of my eBook of the same name – Operational Decision Making – published on Amazon Kindle. Use them as an update and to refresh your leadership professionalism. Short snippets of leadership tips, tools, process and ideas for you to use on a just-in-time basis. ![]() They are exactly what the title suggests. Analytical results show that: (a) Depending on the initial working capital /and the increased cost of financing from the bank, the manufacturer will change remanufacturing strategy from Partial remanufacturing to Complete remanufacturing for capital constrained CLSC when the relative unit cost of the remanufactured product is moderate RCF strategy only revises and charges a higher wholesale price of new and remanufactured products (b) For a financially constrained manufacturer in the CLSC, it holds the prerequisite to implement external financing and a higher financing rate to bank clearly cuts down the profits of the manufacturer and the channel but improves the retailer’s profit under certain conditions RCF strategy always redistributes the channel profit compared with the non-capital-constrained CLSC c) A feasible financing rate to the bank of the manufacturer and an appropriate interest rate threshold of the retailer are potentially confirmed.Operational Decision Making is one of my Bitesize Leadership Techniques. Based on a benchmark model without financing, three different financing strategies for the capital-constrained manufacturer, bank financing (BF), retailer credit financing (RCF), and hybrid financing (HF), are respectively incorporated and investigated. This paper aims to find operational decisions and financing strategies in a closed-loop supply chain (CLSC) consisting of a financially constrained manufacturer and a retailer. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |