Macro Environment Challenges

The sample essay on Macro Environment Challenges deals with a framework of research-based facts, approaches, and arguments concerning this theme. To see the essay’s introduction, body paragraphs and conclusion, read on.

The Group is a key player in the manufacture and sale of electronic systems used in watch making and other industries. Maintenance Providing training and development for employees is a promise. Swatch pays much attention to be in touch with all new technologies and maintained the high level of well trained staff Maintenance is the final MM strategy decision as Swatch encourages the use of automation system and is often the most overlooked decision.

Ensuring the equipment needed to produce a good/ service is functioning efficiently without devastating breakdowns is crucial to the long-term stability of a company in order to met its customers demand. Scheduling The demand for high utilization of a capital-intensive facial¶y’ means effective scheduling will be important.

Scheduling is an operations decision that strives to provide the right mix of labor and machines to produce goods and services at the right time to achieve both efficiency and customer service goals as Swatch anticipate the peaks and valleys in demand that may occur during a day, during the week, and at different times of the year.

Therefore Scheduling and taking measures in anticipation of new ventures is in this case a critical issue. Inventory Management Stability and good quality of products require continuously effort to constrain down inventories.

Macro Challenges In A Business

With the joint ventures and close cooperation with their supplier, Swatch can optimize their inventory levels.

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Excess Inventory than what is needed to satisfy customer demand leads to unnecessary costs such as storage, deterioration, obsolescence, theft, and money tied up in inventory that cannot be used for other purposes. Quality Quality is the highest objective, not only the characteristic of Swatch’s products and services, but also one of their most important essences. It is trickily linked with it’s pursue of continuous improvement, as they perceive it as exceeding customers’ expectation.

Also as Swatch is one of the leading companies high quality standards have to be maintained in every aspect Of its operation. 6. Product and services design Product and service design be essential to the structuring of an organization and have an effect on every aspect of the organizations strategy. The design of the output is the primary precondition for the costs, quality, appropriate funds and human resource decisions that accompany that output In all its genuineness, Swatch cares about developing products that meet specific need of its customers.

Layout Design The strategy should focus on developing an economic layout that will meet the firm’s competitive requirements. It should improve higher utilization of space, equipment and people, improved information flow and materials, improved customer interaction and flexibility. Human resources and Job design Swatch created best working environment and growth opportunities by using Machine operators have inherently enriched jobs, so special consideration must be given to developing empowerment and enriched jobs.

Also conduct both several programs to encourage Company to submit their own ideas and contribute to the company’s growth such continuing innovations and automation. Also they being responsible for their own development and to take advantage of the various development opportunities available such as, submit your venture proposal. Process and capacity design Due to the inherent properties of the Swiss watches market, Swatch is required to be very flexible. Each quarter new technologies, solutions and cutting edge products are introduced.

That’s why it is critical to be able to quickly adapt to changes. In this case incorporating new technologies in all the processes is invaluable and helps to achieve flexibility although Swiss watches products have rather short lives, Swatch has design the capacity to ensure meeting all the demand in such case capacity built in view of demand us ports the credibility of Swatch. 10. Maintenance Providing training and development for their employees in promises.

They pay much attention to be in touch with all new technologies and maintained the high level of well trained staff Maintenance is the final MM strategy cession for the example Swatch encourages the use of automation system and is often the most overlooked decision. Ensuring the equipment needed to produce a good/service is function ins efficiently without devastating breakdowns is crucial to the long-term stability of a company just why met its customers demand CNN. The main competitive priorities of Swatch production process can be categories as follows A.

Flexibility; this means that Swatch should be flexible in the following aspect I. Product flexibility; The ability to handle difficulties non standard, order to meet special customer pacification and to produce product characterized by numerous features, option size and colors. Hence Swatch should consider the product flexibility as main competitive priorities to satisfied their customers. Ii. Volume flexibility; The ability to rapidly adjust capacity in order to accelerate or decelerate production in response to change in customer demand.

Swatch should make sure that they are flexible in case any adjustment happens in production process and customer demand. Iii. Process flexibility; Ability to produce small quantities of product cost effectively to meet product ix changes are easy to allocate. B. Cost Swatch Company achieved competitive advantage by adopting one or additional of the following generic competitive strategies: * Cost leadership strategy: Features of this strategy are: low cost relative to Competitors, related and standardized products, economies of scales, internally Focused, structured organization and responsibilities, with intense supervision of Labor.

Differentiation strategy: This strategy is described in terms of product uniqueness, Emphasis on Marketing and research, flexible structure. * Focus strategy: This implies the focus on a narrow strategic target (buyer Group, product line or geographic market) through differentiation, low cost or both the extra cost of doing so C. Low product cost; The ability to minimize total cost of production through efficient operation process tech oenology and or scale of economics D. New product introduction; Ability to rapidly introduce larger number of product improvement or variation or totally new products E.

Delivery Ability to reduce the time between order taking and customer delivering to as close to zero as possible. The ability to exactly meet quoted or anticipated livery dates and qualities. F. Quality; Swatch should look on product and process quality hence to link the term quality in eight dimensions that are: performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality. G. Design Product with capabilities, feature, styling and operation characteristic that either superior to those of competing products. H. Service After sale services to ensure continuing customer satisfaction in order to avoid the customer turnover. CNN.

• The increased use of Lana and WANTS has, among other things, enabled ewe organizational structures, the movement of the locus of responsibility further down the organizational hierarchy (elimination Of middle management), and the increasing practicality of SIT operations, mass customization, etc..
• The increased emphasis on seen/ice has, among other things, fostered an increased information or information technology content of many products. Firms are also increasing training because so much of the service economy is dependent upon individual competence.
• The increased role of women in the workplace is requires an increased emphasis on the reaction and communication of appropriate human resource policies. It may also be fostering the creation of flexible work schedules and, to a lesser degree, telecommuting.
• Some companies seem to be adopting the perspective that their main problem is now the “management of change?’ as opposed to the management of a specific process or product. If nothing else, the management of change is becoming a formal part of the managers responsibility. CNN 4; Airport
• Customer convenience Places like airport there is big number of people both who are traveling and others waiting for passengers and other waiting to check in. The place should be arranged in a way that will avoid inconvenience to people, showing exactly places for departures, arrivals, waiting seats and all the arrangement must avoid interference.

Requirements for materials handling Customers luggage requires special handling materials that will protect them during from when the customer checks in until arrive at his/her destination ;k Capital investment operations at airport needs high capital investment as it requires a lot of material handling equipments, high construction cost and other cost which make the operation more expensive. Bank layout A need to design a layout that will reduce queuing and facilitate customer services. Atmosphere Good working environment that will improve customer services and establish good relationships among employees and customers.

• Sales – Need to consider things like loan application
• Communication – Good communication to all stakeholders and a need to consider on availability of accurate information and smooth information flow.
• Capital investment – More financial investment is required. Classroom
• Flexibility – The arrangement must be ease to accommodate change due to changes likely to take place.