LG Operation Strategy Final Report Essay Example

LG Operation Strategy Final Report Paper Domestic competition led them to restructure their operations in early ass, merging the two major business heads under a new name -? LEG Electronics. In 2006, they launched the now popular Blue Ocean Strategy to become one of the top 3 in the mobile handset market. However, heir strategic alliance with Microsoft did not give the dividends they expected. In other Segments Of the consumer electronics industry, they stand in the top 4 globally. Lags consistent revenue patterns can be attributed to their operational strategy, by means of which they have been able to keep costs down. In 2010 LEG entered the smartened industry. Following is a division wise breakup and the financial performance of the smartened division of LEG. Fig. 1 Division wise breakup Fig. 2 Financial Performance of smartened division of LEG Group 4 Final report for Proof. Kimono Kim Cassia MBA page 12 SOOT Analysis Strength Most of all, LEG Electronics has as many global network in sales and manufactures as Samsung Electronics. Its brand awareness can stand even with Samsung Electronics. For research and development, LEG Electronics maintains one of the most advanced technologies in smartened and home appliance. Its smartened and home appliance can compete against Samsung Electronics. Namely, strength in technology stems from robust research and development activity. 2. Weakness Due to huge spending in marketing promotion, its profits can plummets significantly in case sales amount is not sufficient. We will write a custom essay sample on LG Operation Strategy Final Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on LG Operation Strategy Final Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on LG Operation Strategy Final Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer More importantly, because f inappropriate management philosophy towards smartened industry consulted by McKinney LEG Electronics has small shares in global smartened market. And we can speculate that inappropriate management direction had been caused by high turnover in management. 3. Opportunity Increasing demand of high technology products, being lowered entry barriers to new regions, PTA, and fast growth of emerging economies are a critical chance for LEG Electronics to thrive in the future. But, those opportunities can be applied to other competitors, too. . Threat Severe competitions for new technology will be one of biggest burden to LEG Electronics in smartened and home appliance. For examples, during a few years, we cannot find innovative advances in smartened. On top of that, LEG Electronics should catch up two giant players: Apple and Samsung as soon as possible in smartened industry. If LEG Electronics cannot overtake them in a few years, its future might be eve similar to Sony. In addition, LEG Electronics needs to consider Chinas chase, for example Axiom. With cheaper price, Chinese competitors are pushing LEG Electronics in order to make LEG Electronics a loser in smartened industry. Cassia MBA Page 13 Evolution of Supply Chain from Mobile phone to Smart phone For studying the past changes in operational strategy of LEG we chose one of the factories in the Shagging province of China and compared the change of operation strategy from the days of mobile phone to smart phones. LEG, in 2001-2003, built two mobile phone factories in Shagging, the coastal province of China. 90% of its products were for export. The mobile phone factories in China could accomplish the end-toned process of mobile phone production, with the following process: Fig. 3 Pre smartened operational flow LEG used the most cost-efficient way to purchase the components. For high alee-added components like chips LEG imported from Korea and other countries; for the general components like shell or battery LEG purchased from Chinas local providers and for the packaging materials like box or cover, LEG purchased from nearby suppliers. But due to multiple supplier sources the problem of LEG was delivery of material; the too long time became the bottleneck of the whole process. Therefore, ensuring the delivery in time became a key challenge. Aiming to improve the process of the factories in China, LEG conducted the revolution in 3 aspects: Cancel Utilize HUB to delete the unnecessary logistic nodes and decrease frequency Of logistic. Change Change the processes during the supply chain and reinforce the shortage nodes. Collaborate Combine the storage with the management, focus on core processes and outsource the unprofessional processes. Page | 4 The diagram below shows the detailed change of the supply model of Lags factory in China Fig. Post smartened operational flow After the revolution, because of the hub, Lags whole lead time of the process before the manufacturing time decreased from 40 hours to about 20 hours, the efficiency sharply improved. Understanding SCM and ERP in LEG 1. Supply Chain Management The ultimate aim of Supply Chain Management is to provide higher quality consumer service and in the mean while cutting down the inventory cost and uni t cost. Supply Chain includes Buying the products, Movements of raw materials, Organizing manufacturing, Supplier management. Then the small change in customer demand it leads to bigger change in manufacturing unit this is called bullwhip effect. Symptoms of bullwhip effects are excessive stock of raw materials. Poor commodities forecast, insufficient or excessive capacity utilization and poor services to customer. These are the effect sand symptoms. SCM in LEG had been started in late ass. The SCM in LEG needs various manual certifications in each stage of operation. The SCM is implemented and then training is given to top management first and then training is provided to the internal staffs and also for its partners like vendors and suppliers. After that the company found to operate a smooth supply chain in raw material stage, work in process and finished good stage LEG is one of the players in the competitive electronic market and there are lots of good companies in the market and LEG has competitive advantage in supply chain management. It has competitive advantage in cost control because heir inventory cost is very less. Their inventory cost is less because they are placing fewer orders in order to reduce the cost of manufacturing. LEG avoids the cause of bullwhip effect by accurate demand forecasting, operating short Final report for proof. Kimono Kim page | 5 lead time, segmenting product line, reducing price fluctuation to local market. LEG has increased their productivity by 10 % with the use global Supply Chain Management and company checks the current status of product shipment and company has lots of options to reduce the inventory cost with the help of Supply Chain Management. A Company maintains Elasticity and Malleability to match their supply and demand for their products. Company still takes more initiatives to reduce the cost of manufacturing; inventory costs with the help of Global supply Chain Management. In LEG management gives more importance to Supply Chain department, in every unit company has one supply chain manager and he or she is the full responsible of that unit supply chain. In their company website they announced that company has reduced 1. 8 % manufacturing cost with the help of effective supply chain; hence company has effective supply chain and company has competitive advantages in their filed and company stands number one position in the market with the help of proper Supply Chain Management. Company forecasts very well and avoids the bullwhip effect in supply chain. LEG does regular market research for Bullwhip effect and company uses the resource properly and wisely. Company believes in partnerships for better supply chain process and company has chosen proper inventory control method to avoid excessive production cost. Hence it can be said that in reducing production cost and improving productivity Supply Chain Management plays vital role. If very organization use Supply chain Management they can also reduce the manufacturing cost. . Enterprise Resource Planning ERP is business term for the wide set of actions supported by multi module application that helps the organization to manage various functions and manage with a particular software and stored data with the help of memory. Various functions like purchasing, order placing, supplier details, customer details, guest details in hotels and operations. ERP also includes application modules like human resource manageme nt and financial. Typically ERR system integrates with a relational database system. ERP is a consistent platform it guarantees that there is no inconsistency in the information that is processed in the organization. ERP is essential for every firm in the world to get competitive advantage and it is necessary to train the people to use the ERR. The most important advantage of Enterprise Resource Planning is its accounting applications. ERP can integrate revenue information, profit analysis and cost of manufacturing and other financial. If a company wants to compete with global players, company should start implementing ERP. With use of ERP any organizations can get reduce the cost and lots of time will e saved. ERP in LEG Enterprise Resource Planning of LEG gives clear idea about their operational strategy. Currently company uses ORACLE ERP, they using this new ERP on August 2009. In LEG every year company spends $ 4 billion for their ERR implementation and giving training for their workers. They implemented ERP when they want to cut reporting and analysis period, improve performance, and reduce maintenance costs and to achieve complete visibility into global stock and marketing and sales costs. After implementing ERP their company moved to third place in Plasma TV market, and they positioned at 5th place in cell phone segment. Company maintains their all information in ERP. They are updating each and every outgoing and incoming raw material and finished goods unfinished goods. Company sends message to every department with the uses of ERR and company Chief IT Manager Mr.. Wang said that by using ERP company reduced their order placing times and order processing time and he added that now company are able to process their Order without errors. Since LEG is an electronic Group 4 Page 16 company they started using ERP before 8 years now company enjoys the benefits of Enterprise Resource Planning. Company delivers the product in mime they started using ERP because it gives clear cut information all supplies and finished products. With the use of ERP company utilizes their supply chain management and customer relationship management very well. Hence it is said that Enterprise Resource Planning helps company to save the time and to minimize the errors henceforth it leads to improve the performance Of organization and increases the profit of the organization. Challenges and Recommendations 1. Inability to find good partners LEG has traditionally failed to find good partners in both its upstream and downstream supply chain. One of the major reasons for its position in the smartened market is its initial collaboration with Microsoft Mobile SO. As the Windows Mobile SO tanked it took LEG with it. And LEG lost important first mover advantage. Similar is the story of its collaboration with Maxilla in 2012. Recommendation It is imperative that LEG chooses its SCM partners carefully. An example for the same is their collaboration with Google which resulted in Nexus. At kick units a month, it remains Elses highest selling smartened. 2. Timing of product release Samsung simultaneously launches products in arioso price ranges. Then they pour their products out in 150 countries worldwide through a tight and well-established supply chain. On the other hand, LEG held a large-scale promotional event for GO in New York in early August, but began selling the product only in mid September. LEG began selling GO in Europe only after October. Meanwhile, Apple released its phone AS on September 10 and began selling the new phones simultaneously in 9 countries beginning on September 20, and Samsung also began putting its Galaxy Note 3 in shops in October. Similarly, LEG started manufacturing smart ear 6 years after Samsung did. Recommendation -? Timing is everything. In the demand and fashion intensive market of smartness losing out the time race is losing the initiative and market competitiveness. 3. Growing inventory costs As Elses smartened innovations are few and erratic, this leads to huge inventory buildup and times and stock shortage at the others. A more stable market demand will help them stabilize their operations. Recommendation LEG should continue its move towards Lean Operating. Lean operating systems have four basic principles: (1) elimination of waste ND (2) reduced cost- see LEG and Inventory Management -? now more KIT and demand led, avoid stock piling costs from supply led strategies Group 4 Page | 7 (opportunity costs, waste, dated), the ideas board (cost reduction improvements savings KICK USED/month) and staff cost cutting (stop overtime); (3) Improved quality the ideas board (quality improvements) and (4) increased speed and response. . Stuck in the middle LEG lacks differentiation. Its not in the premium segment like Apple and Samsung, nor is it in the low cost segment like MicroVAX or Leno. Recommendation Should they go the Axiom way and mind a niche in hardware or go the Google way and develop a niche in software. Can they be the next big thing in smartened evolution? Can flex screens be the next thing in smartened? These are the questions LEG needs to evaluate. 5. Growing competition in the sub premium range There is a slew of low cost Memos around the globe. The competition has intensified with Telecoms providers also getting in the race of MOM. Recommendation The thing to do is to hang in there.

Free Essays on Problem Of Homelessness

Hardin vs. Kozol In Garret Hardin’s Lifeboat Ethics: The Case Against Helping the Poor and Jonathan Kozol’s The Details of Life, not many comparisons can be drawn. Ideology plays a large part in a person’s opinion and bias, therefore each author is speaking according to what he believes to be true. Both opinions differ greatly, but even amongst great divergence, similarities spring out. One of the more general similarities is that they are both actually trying to make a difference in people’s lives. The fact that these two articles can agree to disagree is already a basis for comparison. Although Kozol makes good points in trying to show us the individualistic point of view, Hardin’s ideas seem to hold more substance and show the ability to reach a larger percentage. Hardin’s ideas are based on the greater good, while Kozol tries to view people as individuals rather than a larger mass. While Kozol talks about his experienced and small case scenarios, Hardin states his objections on a more global scale with larger probable reach. Hardin seems to focus more on the statistical research; Kozol rarely states any percentages, leading the reader to believe that what Hardin is saying is essentially more factual and well thought out than Kozol’s idiosyncratic point of view. Hardin’s focus on poverty as a whole is on a scale of mass proportions. For this reason he is able to show poverty as a planetary problem, rather than on a smaller scale, such as a local city. If someone were to read Hardin’s essay in a country other than the United States, he or she would still understand the problem which Hardin was addressing. The reader from another country would notice that they could actually relate to or understand the situations that Harding was describing, rather than trying to understand Kozol’s issues on the local scale, such as individuals from a church in New York City. According to Hardin, the rapid increase in populat... Free Essays on Problem Of Homelessness Free Essays on Problem Of Homelessness Hardin vs. Kozol In Garret Hardin’s Lifeboat Ethics: The Case Against Helping the Poor and Jonathan Kozol’s The Details of Life, not many comparisons can be drawn. Ideology plays a large part in a person’s opinion and bias, therefore each author is speaking according to what he believes to be true. Both opinions differ greatly, but even amongst great divergence, similarities spring out. One of the more general similarities is that they are both actually trying to make a difference in people’s lives. The fact that these two articles can agree to disagree is already a basis for comparison. Although Kozol makes good points in trying to show us the individualistic point of view, Hardin’s ideas seem to hold more substance and show the ability to reach a larger percentage. Hardin’s ideas are based on the greater good, while Kozol tries to view people as individuals rather than a larger mass. While Kozol talks about his experienced and small case scenarios, Hardin states his objections on a more global scale with larger probable reach. Hardin seems to focus more on the statistical research; Kozol rarely states any percentages, leading the reader to believe that what Hardin is saying is essentially more factual and well thought out than Kozol’s idiosyncratic point of view. Hardin’s focus on poverty as a whole is on a scale of mass proportions. For this reason he is able to show poverty as a planetary problem, rather than on a smaller scale, such as a local city. If someone were to read Hardin’s essay in a country other than the United States, he or she would still understand the problem which Hardin was addressing. The reader from another country would notice that they could actually relate to or understand the situations that Harding was describing, rather than trying to understand Kozol’s issues on the local scale, such as individuals from a church in New York City. According to Hardin, the rapid increase in populat...

Personal Professional Development Statement Example | Topics and Well Written Essays - 1500 words

Professional Development - Personal Statement Example To this end, I have conducted a study and analyzed my own case, which will help me to take proper career decisions throughout my life and to achieve my professional ambitions. b. Investigation of career options: The second step is to become a career researcher. This involves identification of resources, market information, evaluation of career options and determining target organizations The following points need to be addressed: c. Focus and goal setting: The purpose of self-assessment and collection of market information is to find a focus for one's career interests. This focus emerges from the interplay of one's self-assessment and the opportunities realistically available. When one is prepared to compare how well one's skills, accomplishments, values, interests, and needs match the organization, one will then be ready to identify your career goals. One will also know the training, skills, and competencies required for his/her career, and the kinds of organizations and positions that are a good "fit" for him/her. The synthesis of information one has collected thus far will require self-reflection. d. Networking: It is an important aspect of the modern job market. ... lso know the training, skills, and competencies required for his/her career, and the kinds of organizations and positions that are a good "fit" for him/her. The synthesis of information one has collected thus far will require self-reflection. d. Networking: It is an important aspect of the modern job market. Developing, expanding and maintaining this network is a critical career development skill. It helps in remaining abreast of the current and changing environment as well as in maintaining contacts with the right persons at the right time. e. Job search skills: Apart from networking, some other important job searching skills are essential. These are resume, CV, cover letter writing, presentation, interviews and job negotiation skills. These skills enable us to properly project our strong points to the prospective employers and in getting the best possible deals. f. Career management: Managing a career is a life long process. With the job market constantly changing, we need to continuously reassess our professional development vis--vis market requirement and make up the shortcomings by following a 'learn while you earn ' approach. According to Robert H. Rouda, and Mitchell E. Kusy, Jr (Career development, personal career management and planning, Tappi journal, 1995-96), "There is an increasing need for individuals to take charge of the development of their own learning and careers for a variety of reasons: There is increasing rate of change of our organizations and in the knowledge and skills we need to perform our jobs. Career ladders are rapidly shrinking or disappearing as reorganizations lead to flatter structures. There is an ever-increasing need for us to keep learning to keep up with the rapid growth in knowledge and the rate of change of our workplace

The tattooed soldier Essay Example | Topics and Well Written Essays - 1000 words

The tattooed soldier - Essay Example Antonio and Elena are forced to flee to rural San Cristobal. But even there the dormant revolutionary zeal makes her take up the issue for the lethal practices of the local sanitation company. In retaliation, one ill-fated day, she and her young son are shot dead. Earlier they had thought of going to Mexico. Hector Tobar writes, "Perhaps they could move to Mexico. Save enough money to move to Mexico or the United States. A place where they could be safe, and their daughter or son could be educated. A place where you could speak your mind and there were no soldiers on the street." (p.118) After the death of Elena and his son, sensing danger to his life, Antonio flees to Los Angeles. Once in Los Angeles, he finds life much more difficult and risky. He cannot forget Elena and suffers from intense love pangs. The novel begins with the scene of his landlord giving him final notice of eviction and Antonio is busy packing up his meager belongings. In the process of packing, he is overwhelmed to see a photograph. What is his reaction, when he sees it? Hector Tobar writes, â€Å"He discovered a forgotten photograph of his wife and son, taken years ago in Quetzaltenango against a painted backdrop of fanciful lakes and volcanoes. Of all things. He raised the photograph to his lips and tried to fight off the rush of memories that began to gather and rumble like thunder behind his eyes. This picture is the sadness of me, the tragedy of me. (p.7)In Los Angles, he expected a better life.

Typography and Persuasive Essay Essay Example for Free

Typography and Persuasive Essay Essay A. Write a persuasive essay on: People depend too much on computers. B. Audience: Your college professor C. Position: For or against it? D. Composing your three page persuasive essay: 1. Introduction A. Hook B. Thesis 2. Body (several paragraphs) A. Topic sentence B. Supporting Details C. Transitions 3. Conclusion (a paragraph) A. Restate your main point B. Leave the reader with something to think about Nowadays people use computers in business, public services, education and, most of all, in entertainment. Almost everything we do and every aspect of our life is affected by modern technology with computers above all.   People Depend Too Much on Computers and Technology A. Write a persuasive essay on: People depend too much on computers. B. Audience: Your college professor C. Position: For or against it? D. Composing your three page persuasive essay: 1. Introduction A. Hook B. Thesis 2. Body (several paragraphs) A. Topic sentence B. Supporting Details C. Transitions 3. Conclusion (a paragraph) A. Restate your main point B. Leave the reader with something to think about Nowadays people use computers in business, public services, education and, most of all, in entertainment. Almost everything we do and every aspect of our life is affected by modern technology with computers above all.  People Depend Too Much on Computers and Technology A. Write a persuasive essay on: People depend too much on computers. B. Audience: Your college professor C. Position: For or against it? D. Composing your three page persuasive essay: 1. Introduction A. Hook B. Thesis 2. Body (several paragraphs) A. Topic sentence B. Supporting Details C. Transitions 3. Conclusion (a paragraph) A. Restate your main point B. Leave the reader with something to think about Nowadays people use computers in business, public services, education and, most of all, in entertainment. Almost everything we do and every aspect of  our life is affected by modern technology with computers above all.  People Depend Too Much on Computers and Technology

Sumartran Tsunami :: essays research papers

On December 26, 2004 a wave of destruction hit the coasts along the Indian Ocean, affecting lives all over the world. Not only did this disaster bring about a world wide relief effort, but caused a reevaluation of the lack of warning systems in place for many regions threatened by seismic activity and potential devastating coastal impact of seafloor earthquakes. Six months later, information abounds in text, television, and periodicals for any lay person to research. The diversity of perspective is another matter. Depending on the source, subjects will range from brief plate tectonic education to in depth geophysical analysis, from calls for aid involvement to calls for answers revolving around predictability and warning.   Ã‚  Ã‚  Ã‚  Ã‚  If a curious student takes a sampling of just a few periodicals, two tuned to a general audience, and one designed to address information in a scholarly manner, that person can easily identify the characteristics and perspective of each. It is important to note, sources focused on human geography and public relations appear to have responded quicker with information and relayed simple geographical concepts, whereas scholarly journals and scientific periodicals are continuing the process of analyzing data and research-oriented information gathering, therefore these magazines are, even after six months, persevering in their quest to present articles, and will more than likely be publishing relevant articles in the future.   Ã‚  Ã‚  Ã‚  Ã‚  The National Geographic Society is good source of information, and no person can argue the artistry of its presentation, however, the magazine, and its television and internet productions are directed toward a curious, but mostly naive audience. If searching for an overview, a middle man one may say, National Geographic does provide a history and account of the event in â€Å"The Deadliest Tsunami in History† (National Geographic News, Jan 7, 2005). Organized and succinct, the article begins with a few simple facts about the wave making process and tsunami characteristics, even dispelling myths that a tsunami is a single destructive tidal wave, but actually a series of wave building processes resulting from the shifting of the earth undersea due to seismic activity. The article goes on to include human interest stories, not overlooking an account where an Indian man after remembering a National Geographic program, saves the li8ves of more than 1,500 of his fellow villagers. Lastly, the article discusses potential residual hazards of the event, presenting issues such as famine and disease epidemics due to the lack of clean water and food supplies diminished from the disaster.

Arthur Andersen

ARTHUR ANDERSEN LLP CASE STUDY DUE: Sunday, May 12, 11:59pm 1. Discuss the environment, strategic, and organizational changes that occurred over the life of Andersen in the context of figure 11. 1. 2. Evaluate Andersen’s claim that their problems on the Enron audit were due to a few â€Å"bad partners† in the organization. If you disagree with this claim, discuss what you think were the root causes of the problem. 3. Suppose you were Andersen’s managing partner in the early 1990s.Would you have done anything differently than the actual management (assuming you knew only what they did at time)? 4. Discuss the relationship between what happened at Andersen and multitask principles agent theory. 5. Discuss the relation between the â€Å"hard† and â€Å"soft† elements of a firm’s corporate culture in the context of this case. 6. Do you think that the problems at Andersen were unique to them or did they exist at the other big accounting firms?Supp ose you were top partner at one of the major accounting firms at that time of Andersen’s demise. What actions, if any, would you take in response? Explain. 7. In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress. Do you think that the legislators were trying to act in the public interest when they failed to pass this proposal? Explain. 8.The American Institute of Certified Public Accountants is the primary professional association for certified public accountants. It has developed a Code of professional conduct that sets standards of conduct for CPAs. People can file complaints about ethical conduct of a CPA with the AICPA, which can levy sanction and other penalties against its members. Do you think the unethical conduct at Andersen (and possibly other accounting firms) was the fault of the AICA for not setting and enforcing higher ethical standards among its members?Explain. 9. The Sarbanes- Oxley Act of 2002 established a new five –person board to oversee financial accounting in publicly traded corporations. The board is appointed by the Securities and Exchanges Commission. Prior to the creation of this board the industry relied primarily on self-regulation through the American Institute of Certified Public Accountants. Do you think the establishment of the new oversight board was a good idea or should the profession have continued to be self-regulated?