Business Strategy Commonly Refereed Term Paper

Pages: 6 (1670 words)  ·  Bibliography Sources: ≈ 8  ·  File: .docx  ·  Level: College Senior  ·  Topic: Business

SAMPLE EXCERPT . . .

Jay Herbert, in his article "Where have all the Smiles Gone?" writes,

Whether the item is a high-tech one like a semiconductor chip or the lowest of the low-tech1/4" hex nut-supply and demand theory still operates today. And there is simply too much fastener production capacity in the world for the current demand. Thus inventories grow and prices drop.

In right to work states, specific jobs can become repetitive, redundant, and some unions do not allow workers to move from one sector of production from another. Inflexible unions in right-to-work states can actually prohibit the implementation of JIT, as well as other new ideas and theories. Although higher prices could ultimately benefit the worker through better benefits and higher wages, it is sometimes hard to initiate, especially in a tight economy where skilled, reliable workers are difficult to find.

Moving jobs overseas, where the labor market is not so tight and the labor unions are not as strong may seem like a good answer. However, this is not always the case. Moving jobs overseas can increase costs. Furthermore, many companies require skilled labor that can only be found in any quantities in the west.

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New ideas can be difficult to implement, but the rewards can be great, as the Hewlett-Packard found out when it implemented JIT theory. There are many stumbling blocks in implementing any new business idea, such as cost, time, habits, and resistance to academic ideas, or labor itself. There are ways around these problems, however, and if carefully thought out, the rewards can be great for companies that are willing to take calculated risks by spending the time, money and other resources to work around the issues.

1000 ventures.com, 2001

Barkow, 2001

McGill, 2002

Total Knowledge Management, 2002

Economic Reform Today, 2000

Herbert, 2001

Bibliography

Barkow, Tim, "What's a Business Plan? http://www.webreview.com,2001

TOPIC: Term Paper on Business Strategy Commonly Refereed to Assignment

Herbert, Jay, "Where Have all the Smiles Gone?" Industrial Distribution Vol 90, No 11, 2001, p F5

Improving the Workforce Performance." Global News Wire. February 28, 2002.

JIT http://www.Intranet.Management.mcgill.ca.

JIT Manufacturing. http://www.1000ventures.com,2001.

The Business Model of the New Economy: An Interview with Dr. Charles Oman."

Economic Reform Today, 2001, No1.

Steps in Mainstreaming Knowledge Management. http://www.totalkm.com2002 [END OF PREVIEW] . . . READ MORE

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