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mojhsa [17]
3 years ago
7

A company has elected to pursue the initiatives listed in part a. For each initiative, describe which Balanced Scorecard perspec

tives the initiative will address and, specifically, which of the performance measures in part b it will affect.,
a. Initiatives

Purchase new, more efficient, production equipment.

Train employees.

Renovate older retail stores.

Implement a business intelligence/business analytics system.

Create a new advertising campaign.

b. Performance measures

Sales growth percentage.

Percent of repeat customers.

Employee turnover.

Percent of defective products.

Number of new customers.

Number of product warranty claims.

Employee satisfaction.
Business
1 answer:
Xelga [282]3 years ago
6 0
Precent of repeat customers
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Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.

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Operations management consists of three ranges: strategic, tactical, and operational

What are the key factors of Operations management?

The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.

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Blanketed in operations management is the whole thing involved in turning raw materials into deliverable service or product. this may include designing manufacturing structures, employee schooling, centers planning, deliver chain control, stock control, product layout, best control and much more.

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Explanation:.

The Importance of Training Employees: 11 Benefits

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace. In this article, we explain the importance of training employees and provide a list of potential benefits.

What is the importance of employee training?

Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

It satisfies the recommendations of performance appraisals.

When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.

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