BJMP 3053 OPERATION STRATEGY ASSESTMENT 1 SEMESTER (A222) Student’s UUM Matriculation Card (front page) Abdisamad Mohamed Amin Abdisamad Signature Matric No Group Lecturer 274908 Telco: A Mobile No:01127452498 DR Yuhainis Binti Mohd Yusoff School of Technology Management & Logistics College of Business Instruction: 1) 2) 3) 4) 5) Answer All Questions The Assessment Consist of TWO (2) Sections: A & B Allocation Time Is 1 HOUR Submit This Document as Pdf Format at 1 PM (16 APRIL 2023) Submit Via WhatsApp Or TELEGRAM OR UOL BJMP3053/A222/Assessment 1 SECTION A: FILL IN THE BLANK (15 MARKS) (CLO 1 &3) 1. Resources is the type of materials, information, people, technology, buildings, and other things that are appropriate to fulfill the organization objectives. 2. operations management is how resources are organised to create the required mix of products and services. 3. There are 3 types of analysis in operation networks : A. activity analysis B. flow analysis C. critical analysis 4. Setting broad objectives, planning the path and stressing long term objectives is part of Strategic planning or Strategy 5. Name ANY 4(three) of the performance objectives that commonly used by an organization? A. cost B. quality C. speed D. flexibility 6. Besides resources, operations strategy should also understand the market or customer needs. It is very important so that organization can understand what their customer want. 7. Corporate Social Responsibilities (CSR) is an activity that is done to benefit the community or society. 8. Name some activities that can be done for CSR A donating to charities or non-profit organizations B reducing waste C supporting education initiatives 2 BJMP3053/A222/Assessment 1 SECTION B: SHORT ESSEY QUESTION (5 MARKS) – ANSWER ALL THE QUESTIONS 1. Selain daripada mendapat keuntungan, apakah yang perlu di lakukan oleh sesebuah organisasi untuk kekal di dalam pasaran.? (3 marks) Apart from profit, what does an organization need to do to stay in the market? (5marks) An organisation must fulfil the demands and expectations of its clients, add value to their lives, and keep a competitive edge over other companies if it wants to stay in the market. This entails creating and putting into practise efficient plans for operations, marketing, innovation, and customer service, as well as upholding positive interactions with all parties involved, including customers, suppliers, employees, and the larger community. To stay competitive and relevant, businesses must continually enhance their products, services, and processes while remaining adaptable and sensitive to changes in the market and the external environment. To retain their reputation and credibility with clients and stakeholders, businesses must follow their ethical and social obligations, including environmental sustainability, fair labour practises, and community service. 2. Merujuk kepada gambarajah kitaran hayat produk, terangkan kenapa syarikat perlu membuat peubahan dalam setiap fasa tersebut.(2 marks) The diagram of the product lifetime depicts the many phases that a product experiences, from its first introduction to its eventual demise. To maintain its performance and profitability throughout the lifecycle, the business must adjust the product or its marketing approach. The business must adjust during the introduction phase to establish the product in the market and raise awareness among potential buyers. To attract customers to try the product, this may entail making investments in advertising and promotion, creating distribution channels, and providing incentives. 3 BJMP3053/A222/Assessment 1 To retain momentum and capitalise on success, the company must adjust during the growth phase. To better serve client demands and preferences, this may entail increasing manufacturing capacity, distribution options, and product features or quality. During the mature phase, the business must make adjustments to protect its market share and prolong the life of the product. This could entail introducing product improvements or varieties, cutting costs through economies of scale, and enhancing customer service to retain customers. Lastly, during the decline phase, the business must adjust to control the product's fall and maximise the value of its remaining sales. This could entail lowering the cost of production or delivery, giving the product at a discount to move inventory, or gradually discontinuing the product in favour of fresher alternatives. In order to adjust to shifting market conditions, customer needs, and competitive pressures and to ensure that the product remains viable and profitable over time, the company must make modifications in each stage of the product lifecycle. 4 BJMP3053/A222/Assessment 1 TAMAT FINISH 5