VCE Business Management Question Thread!

[TimewaveZero]

Now my own question...

Can someone provide an example of continuous improvement?

[Zlatan]

So continuous improvement would refer to an organisation's continuous and ongoing effort to make their products (goods and services) or operations better. I'm not too sure if this would count as an example, but app developing organisations generally have updates for their app to make it better, faster and what not.

For instance, you could take Nike, and they have the Nike+ app and you could say that they continuously aim to improve their app to make it easier and more beneficial for their users by releasing updates, or maybe even having better sports equipment, maybe with the Nike Fuel Band. 


 

[Zlatan]

Also, the continuous improvement process could also apply to the R&D process, especially in terms of new shoes and clothing. For instance, Nike has developed FlyKnit which is an improvement.

[Einstein]

what is an example of JIT?

[mc1234]

Does anybody have a good definition for ethical and social responsibility?

[Only Cheating Yourself]

you guys have your operations sac?

What is operations?  Honestly what is it, i know op management etc etc, but what is operations?

[Einstein]

transforming inputs into outputs in an ethical and socially responsible manner

[Only Cheating Yourself]

transforming inputs into outputs in an ethical and socially responsible manner

thats operations manager?

[Einstein]

theres really no set definition for "Operations", its really operations process, management etc.

[Geetee]

hey guys had a business sac today an one of the questions asked to select a strategy for material management/ supply chain and explain how it could be used to increase sales.... it was 2 marks.... i answered the question with the just in time strategy and i gave the definition and explained how because costs will be cut from storage needs, the organisations could purchase new facilities and technology that could improve quality, and thus increase sales..... is this full marks... or is my response to far fetched

[Einstein]

hey guys had a business sac today an one of the questions asked to select a strategy for material management/ supply chain and explain how it could be used to increase sales.... it was 2 marks.... i answered the question with the just in time strategy and i gave the definition and explained how because costs will be cut from storage needs, the organisations could purchase new facilities and technology that could improve quality, and thus increase sales..... is this full marks... or is my response to far fetched

id give that full marks!

howd you go on your first and second sac?

[Geetee]

yeah ok...  92 percent on first one and 96 % on second... how about you

[Einstein]

95/96/100 respectively in the three sacs thus far

[Einstein]

Magnificant, why did you undervote me?

[Only Cheating Yourself]