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Production Objectives

The main objectives of production are:

1. Right Quality
2. Right Quantity
3. Timeliness
4. Low Manufacturing Cost

Objectives of Production Management

1. To provide customer service
2. Effective utilization of resources
3. To reduce cost of production
4. To improve product quality
5. To fix time schedule
6. Proper utilization of Machinery
7. Material control

Production System Cycle

1. Production is a well-organized activity with pre-established objectives.
2. The production system converts the various inputs into outputs.
3. Production function is integrated with other activities of the organization.
4. A feedback system is necessary to control and improve the system performance.
5. It is a continuous process.

Important Points in Plant Layout

1. Need for plant expansion.
2. Protection of operation

Introduction to Quality Management

**Quality Evolution**. The concept of quality has always existed. Initially, artisans crafted final products from raw materials, guided by their own ideas. The Industrial Revolution followed, bringing with it "Taylorism." This led to increased productivity but decreased quality. A lack of competition meant quality was not a primary concern. Consumers had limited choices and often had to accept lower-quality products.

As competition emerged, quality became a differentiator, leading to the introduction of quality inspectors. Here's a breakdown of the evolution:

1. Product Inspection (1920s)

This initial phase focused on separating acceptable products from defective ones. Two primary methods were used:

• 100% Inspection:

Aerodynamics

The study of the properties of moving air, and especially of the interaction between the air and solid bodies moving through it.

Airfoil

A structure with curved surfaces designed to give the most favorable ratio of lift to drag in flight, used as the basic form of the wings, fins, and horizontal stabilizer of most aircraft.

Angle of Attack

Is the angle between the oncoming air or relative wind and a reference line on the airplane or wing.

Angle of Incidence

The acute angle the wing chord makes with the longitudinal axis of the aircraft is called the angle of incidence, or the angle of wing setting. A Chord Line is a line depicting the chord which extends forward of the leading edge.

Boundary Layer

On an aircraft wing the boundary layer... Continue reading "Understanding Aerodynamics and Aircraft Flight" »

My Path to Business School

It was not until my senior year at Biffi La Salle that I decided to apply to business school. Once I made my decision, I quickly became excited by it and the possibilities it opened up.

International Business Career

Along with a career in International Business, I can follow an interest that I have had since my early adolescence: globalization. I was able to further my knowledge of Management at Universidad Del Norte. As a Business student with an environmental seminar, I profited from discourses in everything specific. I am a man with technical aptitude and an interest in Management. I also have a passion for traveling and understanding different cultures in the world. All these elements have given me a great outlook,... Continue reading "Business School Application: MBA Goals" »

1 Inside The larynx there are two flaps of muscle which are called the vocal or folds

vocal cords.

2 The space Between them is known as the glottis.

-wide Glottis /p/ /f/ /s/

- narrow Glottis /h/

-vocal Folds’ vibration

-tigtitly Closed ?  -when we cough

Producing sounds              air---stop the flow of air—move to Articulators—produce release

3 When they Are tightly closed they can be made to produce a glottal stop.

4 When they Are close together and air is passed between them, the resulting vibration is Called voicing or phonation.

5 Three Variables in this vibration that are relevant in speech are: intensity: high/low levels, frequency amount Vibration/regularity, quality whispering/breathy.

1 When a Word is written with phonetic

Effective Time Management in Sales (8-Hour Day)

• Travel: 144 minutes (30%)
• Waiting: 120 minutes (25%)
• Reports: 96 minutes (20%)
• Casual Conversation: 24 minutes (5%)
• Selling Time: 96 minutes (20%)

Effective Goal Setting in Sales

• Set realistic and attainable goals
• Establish a time frame: short-term, intermediate, or long-term
• Make goals specific and measurable
• Prioritize your goals
• Follow the S.M.A.R.T. framework

Steps to Develop a Routing/Scheduling Plan

• Map out your territory
• Subdivide the territory if necessary
• Develop a routing plan for a specific period
• Schedule according to customers' needs
• Determine call frequency

Components of the Basic Communication Model

• Source: Salesperson
• Encoding: Message development
• Message & Medium: Sales presentation
• Decoding: Buyer

Acquisition Campaigns: Acquire New Prospects and Customers

• Move your customers from the aware to committed stage.
• The stages of the customer journey that acquisition campaigns complete are:
  • Make Aware
  • Engage: Moving the customer from awareness to engagement usually means providing them with something of value in the form of content marketing.
  • Subscribe: The prospect has opened the door; at the very least, they’ve connected with you on social channels, or ideally, has become an email subscriber.
  • Convert: The prospect has placed trust in your organization by giving you either money or a significant amount of their time. Marketing here should be gradual and seamless, not risky or complex.

Monetization Campaigns: Generate Revenue from Existing Leads

• The

What is Management?

Management includes the processes or functions of planning, organizing, leading, and controlling.

What Does Management Help With?

Management helps focus on setting and meeting goals effectively so a profit can be made.

Characteristics of a Manager

Managers need a thorough understanding of business operations, which involve all the activities of a company.

Four Functions of Managers

• Planning
• Organizing
• Leading
• Controlling

Why is Good Communication with Employees Important?

Good communication helps assure that objectives are met.

Planning Explained

Planning is the act or process of creating goals and objectives, as well as strategies to meet them.

Organizing Explained

Organizing is getting the resources arranged in an orderly and functional... Continue reading "Management Functions and Manager Roles" »

Mission Statement

A mission statement is a written declaration of why a company exists and what it plans to accomplish. It provides general guidelines for the company's strategy formulation and decision-making.

Strategy Formulation Models

Shareholder Model

The shareholder model of strategy formulation operates from the basic premise that the key strategic purpose of a business is to maximize financial returns for its owners/shareholders.

Stakeholder Model

The stakeholder model of strategy formulation believes that businesses exist to benefit not just their shareholders, but also various groups, such as employees and customers, that have a meaningful stake in their operation.

Who Does Strategy Formulation Affect?

• Global Business
• Employees
• Consumers
• Shareholders
• Communities