LG Operation Strategy Final Report Essay Example

LG Operation Strategy Final Report Paper Domestic competition led them to restructure their operations in early ass, merging the two major business heads under a new name -? LEG Electronics. In 2006, they launched the now popular Blue Ocean Strategy to become one of the top 3 in the mobile handset market. However, heir strategic alliance with Microsoft did not give the dividends they expected. In other Segments Of the consumer electronics industry, they stand in the top 4 globally. Lags consistent revenue patterns can be attributed to their operational strategy, by means of which they have been able to keep costs down. In 2010 LEG entered the smartened industry. Following is a division wise breakup and the financial performance of the smartened division of LEG. Fig. 1 Division wise breakup Fig. 2 Financial Performance of smartened division of LEG Group 4 Final report for Proof. Kimono Kim Cassia MBA page 12 SOOT Analysis Strength Most of all, LEG Electronics has as many global network in sales and manufactures as Samsung Electronics. Its brand awareness can stand even with Samsung Electronics. For research and development, LEG Electronics maintains one of the most advanced technologies in smartened and home appliance. Its smartened and home appliance can compete against Samsung Electronics. Namely, strength in technology stems from robust research and development activity. 2. Weakness Due to huge spending in marketing promotion, its profits can plummets significantly in case sales amount is not sufficient. We will write a custom essay sample on LG Operation Strategy Final Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on LG Operation Strategy Final Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on LG Operation Strategy Final Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer More importantly, because f inappropriate management philosophy towards smartened industry consulted by McKinney LEG Electronics has small shares in global smartened market. And we can speculate that inappropriate management direction had been caused by high turnover in management. 3. Opportunity Increasing demand of high technology products, being lowered entry barriers to new regions, PTA, and fast growth of emerging economies are a critical chance for LEG Electronics to thrive in the future. But, those opportunities can be applied to other competitors, too. . Threat Severe competitions for new technology will be one of biggest burden to LEG Electronics in smartened and home appliance. For examples, during a few years, we cannot find innovative advances in smartened. On top of that, LEG Electronics should catch up two giant players: Apple and Samsung as soon as possible in smartened industry. If LEG Electronics cannot overtake them in a few years, its future might be eve similar to Sony. In addition, LEG Electronics needs to consider Chinas chase, for example Axiom. With cheaper price, Chinese competitors are pushing LEG Electronics in order to make LEG Electronics a loser in smartened industry. Cassia MBA Page 13 Evolution of Supply Chain from Mobile phone to Smart phone For studying the past changes in operational strategy of LEG we chose one of the factories in the Shagging province of China and compared the change of operation strategy from the days of mobile phone to smart phones. LEG, in 2001-2003, built two mobile phone factories in Shagging, the coastal province of China. 90% of its products were for export. The mobile phone factories in China could accomplish the end-toned process of mobile phone production, with the following process: Fig. 3 Pre smartened operational flow LEG used the most cost-efficient way to purchase the components. For high alee-added components like chips LEG imported from Korea and other countries; for the general components like shell or battery LEG purchased from Chinas local providers and for the packaging materials like box or cover, LEG purchased from nearby suppliers. But due to multiple supplier sources the problem of LEG was delivery of material; the too long time became the bottleneck of the whole process. Therefore, ensuring the delivery in time became a key challenge. Aiming to improve the process of the factories in China, LEG conducted the revolution in 3 aspects: Cancel Utilize HUB to delete the unnecessary logistic nodes and decrease frequency Of logistic. Change Change the processes during the supply chain and reinforce the shortage nodes. Collaborate Combine the storage with the management, focus on core processes and outsource the unprofessional processes. Page | 4 The diagram below shows the detailed change of the supply model of Lags factory in China Fig. Post smartened operational flow After the revolution, because of the hub, Lags whole lead time of the process before the manufacturing time decreased from 40 hours to about 20 hours, the efficiency sharply improved. Understanding SCM and ERP in LEG 1. Supply Chain Management The ultimate aim of Supply Chain Management is to provide higher quality consumer service and in the mean while cutting down the inventory cost and uni t cost. Supply Chain includes Buying the products, Movements of raw materials, Organizing manufacturing, Supplier management. Then the small change in customer demand it leads to bigger change in manufacturing unit this is called bullwhip effect. Symptoms of bullwhip effects are excessive stock of raw materials. Poor commodities forecast, insufficient or excessive capacity utilization and poor services to customer. These are the effect sand symptoms. SCM in LEG had been started in late ass. The SCM in LEG needs various manual certifications in each stage of operation. The SCM is implemented and then training is given to top management first and then training is provided to the internal staffs and also for its partners like vendors and suppliers. After that the company found to operate a smooth supply chain in raw material stage, work in process and finished good stage LEG is one of the players in the competitive electronic market and there are lots of good companies in the market and LEG has competitive advantage in supply chain management. It has competitive advantage in cost control because heir inventory cost is very less. Their inventory cost is less because they are placing fewer orders in order to reduce the cost of manufacturing. LEG avoids the cause of bullwhip effect by accurate demand forecasting, operating short Final report for proof. Kimono Kim page | 5 lead time, segmenting product line, reducing price fluctuation to local market. LEG has increased their productivity by 10 % with the use global Supply Chain Management and company checks the current status of product shipment and company has lots of options to reduce the inventory cost with the help of Supply Chain Management. A Company maintains Elasticity and Malleability to match their supply and demand for their products. Company still takes more initiatives to reduce the cost of manufacturing; inventory costs with the help of Global supply Chain Management. In LEG management gives more importance to Supply Chain department, in every unit company has one supply chain manager and he or she is the full responsible of that unit supply chain. In their company website they announced that company has reduced 1. 8 % manufacturing cost with the help of effective supply chain; hence company has effective supply chain and company has competitive advantages in their filed and company stands number one position in the market with the help of proper Supply Chain Management. Company forecasts very well and avoids the bullwhip effect in supply chain. LEG does regular market research for Bullwhip effect and company uses the resource properly and wisely. Company believes in partnerships for better supply chain process and company has chosen proper inventory control method to avoid excessive production cost. Hence it can be said that in reducing production cost and improving productivity Supply Chain Management plays vital role. If very organization use Supply chain Management they can also reduce the manufacturing cost. . Enterprise Resource Planning ERP is business term for the wide set of actions supported by multi module application that helps the organization to manage various functions and manage with a particular software and stored data with the help of memory. Various functions like purchasing, order placing, supplier details, customer details, guest details in hotels and operations. ERP also includes application modules like human resource manageme nt and financial. Typically ERR system integrates with a relational database system. ERP is a consistent platform it guarantees that there is no inconsistency in the information that is processed in the organization. ERP is essential for every firm in the world to get competitive advantage and it is necessary to train the people to use the ERR. The most important advantage of Enterprise Resource Planning is its accounting applications. ERP can integrate revenue information, profit analysis and cost of manufacturing and other financial. If a company wants to compete with global players, company should start implementing ERP. With use of ERP any organizations can get reduce the cost and lots of time will e saved. ERP in LEG Enterprise Resource Planning of LEG gives clear idea about their operational strategy. Currently company uses ORACLE ERP, they using this new ERP on August 2009. In LEG every year company spends $ 4 billion for their ERR implementation and giving training for their workers. They implemented ERP when they want to cut reporting and analysis period, improve performance, and reduce maintenance costs and to achieve complete visibility into global stock and marketing and sales costs. After implementing ERP their company moved to third place in Plasma TV market, and they positioned at 5th place in cell phone segment. Company maintains their all information in ERP. They are updating each and every outgoing and incoming raw material and finished goods unfinished goods. Company sends message to every department with the uses of ERR and company Chief IT Manager Mr.. Wang said that by using ERP company reduced their order placing times and order processing time and he added that now company are able to process their Order without errors. Since LEG is an electronic Group 4 Page 16 company they started using ERP before 8 years now company enjoys the benefits of Enterprise Resource Planning. Company delivers the product in mime they started using ERP because it gives clear cut information all supplies and finished products. With the use of ERP company utilizes their supply chain management and customer relationship management very well. Hence it is said that Enterprise Resource Planning helps company to save the time and to minimize the errors henceforth it leads to improve the performance Of organization and increases the profit of the organization. Challenges and Recommendations 1. Inability to find good partners LEG has traditionally failed to find good partners in both its upstream and downstream supply chain. One of the major reasons for its position in the smartened market is its initial collaboration with Microsoft Mobile SO. As the Windows Mobile SO tanked it took LEG with it. And LEG lost important first mover advantage. Similar is the story of its collaboration with Maxilla in 2012. Recommendation It is imperative that LEG chooses its SCM partners carefully. An example for the same is their collaboration with Google which resulted in Nexus. At kick units a month, it remains Elses highest selling smartened. 2. Timing of product release Samsung simultaneously launches products in arioso price ranges. Then they pour their products out in 150 countries worldwide through a tight and well-established supply chain. On the other hand, LEG held a large-scale promotional event for GO in New York in early August, but began selling the product only in mid September. LEG began selling GO in Europe only after October. Meanwhile, Apple released its phone AS on September 10 and began selling the new phones simultaneously in 9 countries beginning on September 20, and Samsung also began putting its Galaxy Note 3 in shops in October. Similarly, LEG started manufacturing smart ear 6 years after Samsung did. Recommendation -? Timing is everything. In the demand and fashion intensive market of smartness losing out the time race is losing the initiative and market competitiveness. 3. Growing inventory costs As Elses smartened innovations are few and erratic, this leads to huge inventory buildup and times and stock shortage at the others. A more stable market demand will help them stabilize their operations. Recommendation LEG should continue its move towards Lean Operating. Lean operating systems have four basic principles: (1) elimination of waste ND (2) reduced cost- see LEG and Inventory Management -? now more KIT and demand led, avoid stock piling costs from supply led strategies Group 4 Page | 7 (opportunity costs, waste, dated), the ideas board (cost reduction improvements savings KICK USED/month) and staff cost cutting (stop overtime); (3) Improved quality the ideas board (quality improvements) and (4) increased speed and response. . Stuck in the middle LEG lacks differentiation. Its not in the premium segment like Apple and Samsung, nor is it in the low cost segment like MicroVAX or Leno. Recommendation Should they go the Axiom way and mind a niche in hardware or go the Google way and develop a niche in software. Can they be the next big thing in smartened evolution? Can flex screens be the next thing in smartened? These are the questions LEG needs to evaluate. 5. Growing competition in the sub premium range There is a slew of low cost Memos around the globe. The competition has intensified with Telecoms providers also getting in the race of MOM. Recommendation The thing to do is to hang in there.

Stare Decisis Definition - Honor Past Precedents

Stare Decisis Definition - Honor Past Precedents Stare decisis (Latin: stand by the decision) is a legal phrase referring to the obligation of courts to honor past precedents.There are essentially two types of stare decisis. One is the obligation that trial courts have to honor the precedents of higher courts. A local trial court in Mississippi cannot legally convict a person for flag desecration, for example, because of a higher court- the U.S. Supreme Court- ruled in Texas v. Johnson (1989) that a flag desecration is a form of constitutionally protected speech.The other concept of stare decisis is the obligation of the U.S. Supreme Court to honor past precedents. When chief justice appointee John Roberts was questioned before the U.S. Senate, for example, it was widely believed that he does not accept the concept of an implicit constitutional right to privacy, upon which the Courts decision in Roe v. Wade (1973) legalizing abortion was based. But he implied that he would uphold Roe despite any personal reservations due to his com mitment to stare decisis. Justices have different levels of commitment to stare decisis. Justice Clarence Thomas, a conservative jurist who often sides with Chief Justice Roberts, does not believe that the Supreme Court is bound by stare decisis at all.Stare decisis doctrine isnt always cut and dry when it comes to protecting civil liberties. While it can be helpful concept vis-a-vis the preservation of rulings that protect civil liberties, excessive commitment to stare decisis would have prevented such rulings from being handed down in the first place. Proponents of civil liberties hope that conservative justices support precedents set by the anti-segregation ruling Brown v. Board of Education (1954) on the basis of stare decisis, for example, but if the justices who handed down Brown had felt similarly about the separate but equal pro-segregation precedent set in Plessy v. Ferguson (1896), stare decisis would have prevented Brown from being handed down at all. Pronunciation: star-ray dee-sigh-sus Also Known As: adherence to precedent; stare decisis is also similar, albeit not identical, to the concept of judicial restraint Common Misspellings: stare dicisis, stare decises

Harlem Renaissance Essay Example | Topics and Well Written Essays - 500 words - 1

Harlem Renaissance - Essay Example The essay "Harlem Renaissance" explores he Harlem Renaissance art. They were doing this to escape the oppression faced by them right after World War I and thus it started a cultural movement which later became known as the Harlem Renaissance. The cultural movement was viewed and realized by the political activists, artists, musicians, and cultural elite, all of them having a longer term vision for the future. The painting that I have chosen to discuss is the Jeunesse, made by Palmer Hayden using water color. It is the collection of Dr Meredith F Sirmans and it shows the enthusiasm of the jazz, which is a musical form developed during 1920’s by the African Americans and also inclined towards the European form of art of the harmonic structure and the complex African rhythm culture. Jazz is usually identified by its blue rhythms and distinctive speech annotations (Powell). The painting shows a couple dancing to the jazz song and they seem to be swayed way by the music and are tot ally into it. The painter could’ve seen this view in hotel Savoy, many believe as it was a famous jazz club of the time. It talks about the importance of the dance in African Americans and how they expressed themselves through this. The Italian poet Filippo Marinetti is the writer of the futurist manifesto which was a document published in 1909 in the French newspaper Le Figaro and in the Italian newspaper Gazzetta dell ‘Emilia. It was an artistic and cultural movement initiated in Italy in the early 20th century.

Dramatic literature Essay Example | Topics and Well Written Essays - 1000 words

Dramatic literature - Essay Example The extent of the sin is reflected by the severity of the resultant fate. Both the plays explore the genre of tragedy in a very plausible manner. Following is a sequential comparison of both the plays. Sophocles: Oedipus the King In Oedipus the Kind, Sophocles emphasizes upon the inevitability of fate. A man cannot escape his fate notwithstanding his struggles. Even if a man sets out on a path to escape his fate, it may later be disclosed that the path was actually leading him to his fate. Same may be the theme in this play. The play represents that the lives of humans depend upon the choices they make in their lifetimes. If the choices are good, they will be rewarded with good fate; and if the choices are evil, they will be given a similar fate. However, in case of Oedipus, his fate was decided at the time of his inception (Frank, 5). He was never given an option to change his path. A prophecy was disclosed at the time of Oedipus’s conception and it was this fate that determi ned an uneven life for Oedipus with tragic consequences. The way the role of fate has been emphasized in this play is highly plausible. All the successes and failures of Oedipus’s life depended upon his underlying fate. The prophecy disclosed that he was bound to kill his own father and then marry his own mother, and his whole life led him to that one inevitable moment when he fulfills his destiny. Upon hearing the prophecy, his father attempted to get the infant Oedipus killed and he had several narrow escapes from death. His mother was supposed to kill him but due to her motherly love, she was unable to do so. The servant, instead of killing him by hand, decides to leave the infant at mountain top to die due to exposure to severe weather. After escaping death once already, Oedipus does it again when a shepherd finds him and saves him from the mountain top. This is where the actual tragedy of life decided by his fate starts to unfold. The shepherd takes Oedipus to Corinth wh ere he is taken by King Polybus. Oedipus is raised believing that King Polybus and his wife Merope are his actual parents. He remains unaware of this fact throughout his life. This is one of the ways of fate through which he is led towards his ultimate destiny of killing his own father and marrying his own mother. The way every single event of Oedipus’s life has been depicted in the play emanates his underlying fate. No matter how far he gets from his actual parents, he comes across them in the most unlikely of circumstances and fulfills his destiny without even realizing the truth. He ultimately kills his own father on his way to Thebes and takes over the throne. He marries the King’s widow who was his own mother and he bears several children. He remains satiated until the truth unfolds. He comes across the truth when he is teased by the following riddle:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Revealed at last, bro ther and father both   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   to the children he embraces, to his mother   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   son and husband both- he sowed the loins   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   his father sowed, he spilled his father’s blood. (1313). The full force of the underlying tragedy hits when truth is revealed. There is a mix of pain, grief, and loathing. The play touches the boundaries of tragic storytelling by

Outlining Essay Example | Topics and Well Written Essays - 2500 words

Outlining - Essay Example Twin studies have shown that there is an interaction between environmental factors and heredity. The preliminary outcomes from the conducted twin studies imply that both genetic factors and socialization processes are essential in human development (ibid). This is the scientific and systematic study of the biological underpinnings of social behavior. Sociobiologists in essence apply the principles of natural selection of the natural scientist Charles Darwin to the investigation of the human social behavior. They infer that specific forms of behavior become hereditarily connected to an organism if they play a significant role in is suitability to survive (Albrow, 1999). Individuals have diverse perceptions, sentiments, feelings and ideas about their identity and their attributes. However, these abilities of individuals to understand their position intrinsically and externally are not inborn. Sociologists argue that individuals establish their own description, which is the self. Both sociologists and psychologists have expressed interests in the process of individuals’ development and adjustment of the self because of social interactions (ibid). Cooley promoted the belief that individuals learn who they are through interacting with others. The viewpoint of individuals on themselves then not simply comes from direct reflection of their personal attributes, but also from their impression of how others identify them. Cooley referred to this process of self development as the looking-glass self which indicates that the self is the outcome of social interactions with other people (Schaefer, 1995). Georger Herbert Mead continued the tradition of sociological thinking of Cooley. He further explored the interactionist theory and the sociological understanding of the self. Mead formulated a useful model of the process by which the self surfaces, defined by three discrete stages (Smelser, 1967). These are the

Manufacturing process of pizza

Manufacturing process of pizza Operations Our products at Prima Pizza will be produced in the kitchen area of the premises whilst our services will be offered at the front. Prima Pizza will adopt two main types of production. The first will be line production, as our pizzas will be made fresh, there will be a line of production. This is will be the employees that shape the dough into pizza bases. They will then pass the bases onto the employees that will add the required toppings onto the pizza and place them in the oven. The second method of production is batch production. This method will be used when producing the dough used for the pizza bases. Each day a set amount of dough will be made in order to satisfy customer demand. As dough can be stored overnight there will be no risk of over production or wastage. There will be three sets of batch production one for each size pizza. A number of measures will need to be taken to ensure Prima Pizza delivers the highest quality to its customers. There are many different ways to implement this. As Prima Pizza also offers a delivery service, our quality control will need to expand to outside of the business premises. Quality will ensure customer satisfaction and also save money. Quality control must be implemented in all aspects of the business and used by all employees. These techniques will include using all material responsibly and therefore reducing scrap material and wastage. The products must also be made to a certain quality level, if this is not done, products may have to be made again to satisfy customers. External quality control is also very important. Prima Pizza must maintain its quality even if the product has left the premises. This is especially important on deliveries, as the food must be of the same quality when it leaves the premises and when it arrives at its destination. Prima Pizza has estimated that from ordering a product it will take no longer than 20 minutes for the finished product to be made and given to the customer. We have estimated that for products on delivery the time will be no more than 45 minutes. Fresh goods will be delivered to Prima Pizzas premises everyday; this will include the majority of the pizza toppings and meat produce. Prima pizza will pride itself in ensuring that all our products are the freshest, and therefore the tastiest. Deliveries will be made every morning before the business opens. Other raw materials will be delivered twice a week depending on future product demand and stored in refrigerators or freezers. All employees must deliver our products to customers in a friendly and professional manner. This will be achieved by training our employees to focus on being customer friendly. Products must also be presented in attractive packaging that must remain undamaged. Manufacturing Methods There will be a range of activities involved in transforming raw materials into Prima Pizzas finished goods and then delivering the product to the customer. This cycle involves different stages, which include: inbound logistics, operations, and outbound logistics. Manufacturing process for a pizza: Goods received- raw materials required for the manufacture of pizza bases and the tomato base sauce. Mix dough ingredients. Blend tomatoes together. Kneaded in the dough machine. Mix all the ingredients for base sauce. Storing the dough balls in the right temperature for base. Store the tomato base sauce ready for use. Finished goods: dough ready to be rolled out into base. Apply tomato sauce onto base then add required toppings. Logistics Logistics is the process in which goods are transformed into products ready for customers. Prima Pizzas logistics will involve the regular delivery of goods that through a process of stages will eventually become ready for consumption. Logistics can be split into two, inbound logistics and outbound logistics. These two types, mentioned in more detail later on, are very different. Inbound logistics is the transportation and storage of the raw materials. Outbound logistics is based on the process of transferring the finished goods to the customers. Logistics is very important when running a business. Very often the outcome of a new business is determined by how well their logistics system works. Inbound Logistics This involves receiving our raw materials from the suppliers. The suppliers will deliver fresh goods daily to the business premises. When the goods are received all the employees on shift will help sort and store the received goods. The majority of the raw materials will be stored in the kitchen refrigerators ready to be used. Operations The raw materials will be transformed into the finished products. The dough ingredients will be put into the dough mixer and on completion will be ready to be made into the pizza bases. The topping will be removed from the refrigerators and distributed into containers ready to be used. Outbound Logistics The activity will include two aspects of Prima Pizza. As the business is a fast food takeaway, the products will be served at the counter. As this time the customer can choose to either eat-in of take the product away with them. Delivery service will an important part of Prima Pizzas service. To enable us to provide the pizzas at the highest quality, we must ensure that the packaging used to will keep the product in the same condition it was when it was first made. We will also aim to minimize the travel time it takes to get to the destination.

Shintoism Essay -- China Chinese Culture Religion Essays

Shintoism   Ã‚  Ã‚  Ã‚  Ã‚  The Shinto religion was started in the Tokugawa period (1600-1868) of Japanese history. The Tokugawa 'Enlightenment' inspired a group of people who studied kokugaku, which roughly translated means 'nativism,' 'Japanese Studies,' or 'Native Studies.' Kokugaku's intent was to recover 'Japanese character' to what it was before the early influences of foreigners, especially the Chinese. Some of these influences include Confucianism (Chinese), Taoism (Chinese), Buddhism (Indian and Chinese), and Christianity (Western European). The kokugakushu ('nativist') focused most of their efforts on recovering the Shinto religion, the native Japanese religion, from fragments of texts and popular religious practices.   Ã‚  Ã‚  Ã‚  Ã‚  However, Shintoism is probably not a native religion of Japan (since the Japanese were not the original 'natives' of Japan). There really is no one thing that can be called 'Shinto,' The name itself is a bit misleading because it is made up of two Chinese words meaning 'the way of the gods'(Shen : ' spiritual power, divinity'; Tao : 'the way or path'). The word for this in Japanese is kannagara : "the way of the kami ."   Ã‚  Ã‚  Ã‚  Ã‚  Many things can be said about Shinto. First, it was a tribal religion, not a state one. However, even when the tribes were organized into coherent states, they still retained their Shinto beliefs. Second, all Shinto cults believe in Kami (?the divine?) Individual clans worshipped a single Kami which was regarde...