2 McGraw-Hill/Irwin Competitiveness, Strategy, and Productivity Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Competitiveness: How effectively an organization meets the wants and needs of customers relative to others that offer similar goods or services 2-2 Businesses Compete Using Marketing Identifying consumer wants and needs Pricing Advertising and promotion 2-3 Businesses Compete Using Operations Product and service design Cost Location Quality Quick response Flexibility Inventory management Supply chain management Service and service quality Managers and workers 2-4 Why Some Organizations Fail Too much emphasis on short-term financial performance Failing to take advantage of strengths and opportunities Neglecting operations strategy Failing to recognize competitive threats 2-5 Why Some Organizations Fail Too much emphasis in product and service design and not enough on improvement Neglecting investments in capital and human resources Failing to establish good internal communications Failing to consider customer wants and needs 2-6 Mission/Strategy/Tactics Mission 2-7 Strategy Tactics Strategy Mission Explains the existence for an organization Mission Statement States the purpose of an organization Goals Provide detail and scope of mission Strategies Plans for achieving organizational goals Tactics The methods and actions taken to accomplish strategies 2-8 Mission Mission The reason for an organization’s existence Mission statement States the purpose of the organization The mission statement should answer the question of “What business are we in?” Mission Statement McDonald's brand mission is to "be our customers' favorite place and way to eat." Our worldwide operations have been aligned around a global strategy called the Plan to Win centering on the five basics of an exceptional customer experience -- People, Products, Place, Price and Promotion. We are committed to improving our operations and enhancing our customers' experience. http://www.mcdonalds.com/corp/about/mcd_faq/student_research.html JOHNSON & JOHNSON PACIFIC CONSUMER SERVICE CENTRE We will delight our consumers, treating each person who contacts us as if they are our only consumer, providing them with a response which is evidence of our interest and that leaves them with the clear understanding that they are important to us. UNIVERSITY OF MALAYA Mission To advance knowledge and learning through quality research and education for the nation and for humanity. Goals The mission statement serves as the basis for organizational goals Goals Provide detail and the scope of the mission Goals can be viewed as organizational destinations Goals serve as the basis for organizational strategies Strategies Strategy A plan for achieving organizational goals Serves as a roadmap for reaching the organizational destinations Organizations have Organizational strategies Overall strategies that relate to the entire organization Support the achievement of organizational goals and mission Functional level strategies Strategies that relate to each of the functional areas and that support achievement of the organizational strategy Tactics and Operations Tactics The methods and actions taken to accomplish strategies The “how to” part of the process Provide guidance and directions for carrying out actual operations Operations The actual “doing” part of the process Planning and Decision Making Figure 2.1 Mission Organizational Goals Organizational Strategies Functional Goals Finance Strategies Tactics 2-14 Operating Procedures Marketing Strategies Tactics Operating Procedures Operations Strategies Tactics Operating Procedures Strategy Example Example 1 Jun Hee is a high school student. She would like to have a career in business, have a good job, and earn enough income to live comfortably Mission: Goal: Strategy: Tactics: Operations: 2-15 Live a good life Successful career, good income Obtain a college education Select a college and a major Register, buy books, take courses, study Strategy and Tactics Distinctive Competencies The special attributes or abilities that give an organization a competitive edge. Strategy Factors Price Quality Time Flexibility Service Location 2-16 Examples of Operations Strategies Table 2.2 2-17 Price Low Cost National first-class postage, Carrefour, Jetstar Quality High-performance design Sony TV, Lexus, Disneyland and/or high quality Consistent quality Time Rapid delivery On-time delivery Coca-Cola, PepsiCo, Kodak, McDonald’s restaurants, UPS Pizza Hut, FedEx Flexibility Variety Volume Burger King McDonald’s Service Superior customer service Disneyland, HewlettPackard, IBM Location Convenience Supermarkets, dry cleaners Global Strategy Strategic decisions must be made with respect to globalization What works in one country may not work in another Strategies must be changed to account for these differences Other issues 2-18 Political, social, cultural, and economic differences Strategy Formulation Distinctive competencies Environmental scanning SWOT Order qualifiers Order winners 2-19 Strategy Formulation Order qualifiers Characteristics that customers perceive as minimum standards of acceptability to be considered as a potential purchase Order winners Characteristics of an organization’s goods or services that cause it to be perceived as better than the competition Characteristics such as price, delivery reliability, delivery speed and quality can be order qualifiers or order winners. 2-20 Internal Factors & External Factors Key External Factors Key Internal Factors Economic conditions Human Resources Political conditions Facilities and Legal environment Technology Competition Markets equipment Financial resources Customers Products and services Technology Suppliers Operations Strategy Operations strategy: The approach consistent with organization strategy, that is used to guide the operations function. 2-22 Strategic OM Decisions Table 2.4 Decision Area Affects Product and service design Costs, quality liability and environmental Capacity Cost structure, flexibility Process selection and layout Costs, flexibility, skill level, capacity Work design Quality of work life, employee safety, productivity Location Costs, visibility Quality Ability to meet or exceed customer expectations Inventory Costs, shortages Maintenance Costs, equipment reliability, productivity Scheduling Flexibility, efficiency Supply chains Costs, quality, agility, shortages, vendor relations Projects Costs, new products, services, or operating systems 2-23 Quality and Time Strategies Quality-based strategies Focuses on maintaining or improving the quality of an organization’s products or services Quality at the source Time-based strategies Focuses on reduction of time needed to accomplish tasks 2-24 Time-Based Strategies JAN FEB MAR APR MAY JUN Planning Designing Processing Changeover Delivery 2-25 On time! Productivity Productivity A measure of the effective use of resources, usually expressed as the ratio of output to input Productivity ratios are used for Planning workforce requirements Scheduling equipment Financial analysis 2-26 Productivity Partial measures output/(single input) Multi-factor measures output/(multiple inputs) Total measure output/(total inputs) Output Productivity = Input 2-27 Productivity Growth Productivity Growth = Current Period Productivity – Previous Period Productivity Previous Period Productivity 2-28 Measures of Productivity Table 2.5 Partial measures Multifactor measures Total measure 2-29 Output Labor Output Output Machine Capital Output Labor + Machine Output Energy Output Labor + Capital + Energy Goods or Services Produced All inputs used to produce them Examples of Partial Productivity Measures Table 2.6 2-30 Labor Productivity Units of output per labor hour Units of output per shift Value-added per labor hour Machine Productivity Units of output per machine hour Dollar value of output per machine hour Capital Productivity Units of output per dollar input Dollar value of output per dollar input Energy Productivity Units of output per kilowatt-hour Dollar value of output per kilowatt-hour Example 3 7040 Units Produced Cost of labor: $1,000 Cost of materials: $520 Cost of overhead: $2000 What is the multifactor productivity? 2-31 Ans. 2.0 units per dollar of input Example 3: Solution 2-32 MFP = Output Labor + Materials + Overhead MFP = (7040 units) $1000 + $520 + $2000 MFP = 2.0 units per dollar of input Process Yield Process yield is the ratio of output of good product to input Defective product is not included in the output Service example: 2-33 Ratio of cars rented to cars available to rent Factors Affecting Productivity 2-34 Capital Quality Technology Management Improving Productivity 1. Develop productivity measures for all operations 2. Determine critical (bottleneck) operations 3. Develop methods for productivity improvements (ideas from team of workers, engineers, managers) 4. Establish reasonable goals for improvement 5. Make it clear that management supports and encourages productivity improvement. Consider rewards for contributions. 6. Measure and publicize improvements Don’t confuse productivity with efficiency . Efficiency is a narrower concept that pertains to getting the most out of a fixed set of resources; Productivity is a broader concept that pertains to effective use of overall resources. 2-35