According to research conducted by collins and Porras, the common practice that explains the success of visionary companies-Core Ideology
Explanation:
The core ideology defines the characteristic of an organization—like technological know how , management trends , and individual leaders.
For a firm it is more important to know who they are and how they will go ahead with the changes around them(futuristic vision). The Leaders will die, products will become obsolete, markets demand will change, new innovations will emerge, and management will change , but the core ideology of a company acts as a source of guidance and inspiration in hard times . Core ideology is the glue that holds an organization together when it undergoes the process of growth , decentralization, diversification and expansion
Core Ideology typically means the Vision,Mission & Values of an organization. The ideology acts as a source of communication to stakeholders (i.e. from employees to investors about what the company will stick to and the guidelines to which it will adhere in the future.)
Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.
<u>Explanation:</u>
The problem is that of Multiple-server Queuing Model.
Number of servers, M = 2.
Arrival rate, 
= 6 boats per hour.
Service rate, 
= 10 boats per hour.
Probability of zero boats in the system,![\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\}](https://tex.z-dn.net/?f=%5Cmathrm%7BPO%7D%3D1%20%2F%5C%7B%5B%281%20%2F%200%20%21%29%20%5Ctimes%286%20%2F%2010%29%200%2B%281%20%2F%201%20%21%29%20%5Ctimes%286%20%2F%2010%29%201%5D%2B%5B%286%20%2F%2010%29%202%20%2F%282%20%21%20%5Ctimes%281-%286%20%2F%282%20%5Ctimes%2010%29%29%29%5D%5C%7D)
= 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =![[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0](https://tex.z-dn.net/?f=%5B%5Clambda.%5Cmu.%28%20%5Clambda%20%2F%20%5Cmu%20%29M%20%2F%20%7B%28M%20%E2%80%93%201%29%21%20%28M.%20%5Cmu%20%E2%80%93%20%5Clambda%20%292%7D%5D%20x%20P0)
= ![[\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385](https://tex.z-dn.net/?f=%5B%5C%7B6%20%5Ctimes%2010%20%5Ctimes%286%20%2F%2010%29%202%5C%7D%20%2F%5C%7B%282-1%29%20%21%20%5Ctimes%28%282%20%5Ctimes%2010%29-6%29%202%5C%7D%5D%20%5Ctimes%200.5385)
= 0.0593 boats.
The average time a boat will spend waiting for service, Wq = 0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.
The average time a boat will spend at the dock, W = 0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.
Answer: Differentiation focus
Explanation:
Marketing focus is not an actual marketing term. Cost leadership strategy's main focus is on the reduction of expenses which in turn, lowers prices of product while targeting a wide array of market segments.
In this question, Volkswagen is not reducing costs, or targeting large market segments. Differentiation strategy” require products to possess significant points of difference in brand image, product offerings, higher quality, advanced technology, and superior service to command a higher price while also targeting a wide array of market segments. For this question, these factors are not explaineded as targeting a broad market segments.
Differentiation focus strategy requires the products to have significant points of difference that is vital to target one or only a few market segments. For this question, Volkswagen uses a specific and unique factor to appeal to a specific group of people. So differentiation focus is the answer.
Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.
Answer and Explanation:
The computation is shown below;
Particulars Reject Order Accept Order Net Income
Revenues $0 $126,280 $126,280
(4,510 units × $28)
Variable manufacturing $0 $76,670 -$76,670
(4,510 units × $17)
Shipping $0 $18,040 -$18,040
(4,510 units × $4)
Net Income $0 $31,570 $31,570
Hence, the net income is in positive value so the special order would be accepted
