Operations Management in Business - WH Smith - Free Essay Example

Operations Management in Business Contents WH Smith Introduction Task 1 Task 2 Task 3 Referencing WH Smith Introduction WH Smith was first created by Smith Family in 1792 as a newsagent, in then became the company with the name à ¢Ã¢â€š ¬Ã…“WH Smithà ¢Ã¢â€š ¬Ã‚  in 1828 and launched the website WHSmith.co.uk in 1999. This success fully growing company opened many stores in Rails stations, High Streets, Shopping Centers and gradually lost its profit of  £135m. The arrival of Kate Swann made WH Smith to run as the profitable company in a decade. The success of her achievement is based on how she organized and worked towards her goal. Throughout this report there are many explanations related to WH Smithà ¢Ã¢â€š ¬Ã¢â€ž ¢s success using operation management skills by Kate Swann. Task 1 Operation is the key part of the business which produces goods and services. It involves in planning organizing, controlling an organization operations. Organization without a planning will never be able to success in its business. According to the scenario, the success of profit is based on the Operation Management, which involves a complex set of management activities involved in planning how they wanted to improve their sales organizing leading, by cutting the costs. Kate Swann managed to achieve the target of turning WH Smith into a profitable company by taking into account of the operational management. Following the principles of operation management in an organization will help the company to reduce the cost of products and services and also in the mean time it will help to increase the customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s satisfaction towards the product quality and the services. As the operations function is responsible in goods and services, it is important to support the input an d output to be delivered on time scale. Various input such as capital, labor, and information should be measured in order to obtain desired outputs. The role of operation management is to improve productivity which will help to improve the organizations financial and also to meet customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s competitive priorities. In the scenario it shows that Swann has targeted the teenagers and as well as young women for stationeries this make the targeted users to be satisfied as well increase the sales in WH Smith. The key elements of Operation managements are known as Business logic, System theory. Kate Swann has understood the business logic in how to increase the profit for WH Smith. She understood how to target the customers and increase the profitable margin. In her success we can see that she has cut the cost persistently which is one of the element in business logic. Applying system theory to a business helps to find out how the environment impacts business process. According to the report of à ¢Ã¢â€š ¬Ã…“Our Quality Commitments to Our Customersà ¢Ã¢â€š ¬Ã‚  in WH Smith website it clearly says that WH Smith is responsible to fulfill the minimum standards required by the law. If WH Smith reduces the standards and quality towards their customers due the cost effective they might not be able to success in our goal. For example Funky Pigeon greeting card shop which was open online is a best known website because customers get best services. Even though it was introduced to the market 2 years ago it has been famous. The reason behind this is their quality and services that they have been giving to their customers so far. The customers get the opportunity to choose their cards with uploading their own pictures and also the cards ordered by the customers are delivered very next day to their required address. This will impress the customers and make them come back. The online strategy objective of WH Smith is to launch the Funky Pigeon which s ells greeting cards, personalized gifts and cards according to the customers need. The products that are sold in this website are very quality as well as cost effective. The services given to the customers are very dependability as funky pigeon is a fastest delivery service. It has the next day delivery services for their customers. More customers may prefer to visit their website as they are not limited by options in cards. The customers got the verity of option in choosing cards. As funky pigeon allows the option of personalizing the gifts or cards the customers may be satisfied in choosing any of the products from them. System is known as the collection of parts which can function independently for the success of the common purpose. For example, System contains the Input à ¢Ã¢â€š ¬Ã¢â‚¬Å" Process- Output in an organization. It is essential that all the collection part in a system work collaborate for a company to be successful. WH Smith should follow each parts as Input and P rocess and output to make their company to run in organize planning and control and to be on right track Sub-system is known as the complex collections of many Systems in order to achieve the common purpose. In other words it contains many Input many process and many output to achieve the goal of the company. WH Smith may contain many system and sub-system diagram for the organization. Following diagram shows the system function in WH Smith. Task 2 Strategic planning is an organizational management activity which helps to set priorities, strengthen operations, and to ensure that employees work towards the goals to achieve success. An effective strategic planning articulates not only where and what actions needed to make progress, but also how it will know if it successful. In order to implement success strategic planning need to follow the performance of operational management. Operational management is essential for all organizations. The strategic planning mostly deals with activities of any business organizations such as operations, sales, finance concerned with different level managers. Operational management is focused with the production / services provider level of organizations. There are three stages of strategic planning. They are known as Economy, Efficiency and Effectiveness. To achieve the profit margin Swann has introduced the stationeries targeting the teenagers and young women. WH Smith started to sell station eries and sweets at the checkouts. This is a good example that Swann has used one of the strategic planning elements known as Economy. As it is essential assign that right resources has been used at the right time at the right place and right cost which a management should consider in business objectives. In other hand WH Smith has the big online strategy Funky Pigeon where they work in very cost effective. à ¢Ã¢â€š ¬Ã…“Swann announced she was pulling out of selling music and DVDsà ¢Ã¢â€š ¬Ã‚ , she has compared the market and in order to increase the profit margins. And the comparison stores such as HMV thinks that ità ¢Ã¢â€š ¬Ã¢â€ž ¢s brave. As she consider the Efficiency, she has compared the performance target she kept to increase the profit of WH Smith. Even though WH Smith has its high street retail it has target the online retailers by introducing Funky Pigeon card site. Effectiveness is determined by examining the objectives and achievement of a company. WH Smith was be en losing by 135m due to Swannà ¢Ã¢â€š ¬Ã¢â€ž ¢s strong operational management the company has turn into profit of  £106m. Quality is very important for an organization. An example of good quality product with less cost is when a customer who consumes the product and services has nothing or less to complain about the product. In the scenario it says à ¢Ã¢â€š ¬Ã…“WH Smith now sells roughly  £65 of goods for every  £100 of customà ¢Ã¢â€š ¬Ã‚  the success is they have carefully reviews the objectives. WH Smith has to review the existing products carefully in order to compare the function of the product required by the customer, who demands them in lower cost. Kate Swann has carefully reviewed and decided that selling of Music and DVDà ¢Ã¢â€š ¬Ã¢â€ž ¢s are not profitable and not worth of reducing cost. So she completely stopped selling DVDà ¢Ã¢â€š ¬Ã¢â€ž ¢s and started introducing new ideas on selling new products in WH Smith. They target certain age grou p to boost their sales. As we can see in the scenario that it says the teenagers and the young woman have been aimed for stationeries. What Kate Swann has done leads WH Smith for its success. Following the performance objective it helps to add value to the customers in delivering quality products or services. The Quality, speed, dependability, flexibility and the cost may defer as performance objectives. Quality services as known as error-free services. There may be no any complains about the product satisfaction. This can be improved by getting customers feedbacks. For example if we take WH Smith the quality can defer as the store cleanliness, an appropriate and attractive outlet and also very friendly and helpful staff so the customer may like to visit the store often. It also includes the goods conditions. As we see WH Smith has a big online strategy Funky Pigeon card site. If they fail to deliver their customers goods on time, they may have bad viewpoint against their service s and none of the customers like to continue doing shopping with them. When we look at the WH Smith store it all depends on a customer asking for a product or services and getting it to them, in another word satisfactory of their shopping in WH Smith. As we see in the scenario it says that Swann plans to open more shops which are stuffed with stock and screaming promotional banners. This is a role of operational management to achieve as ità ¢Ã¢â€š ¬Ã¢â€ž ¢s based on dependability. It increases the product or service in the market. WH Smith has sold stationary targeting the teenagers and young women and they also started to display sweets at the checkout make customers to purchase them. If they have not been flexible in introducing new lines to their sales they will not be able to achieve success in their business. Swann also cuts down the cost in order to boost her profit margins. These are the importance five performance objectives that underpin operation managements. Task 3 For a good operational planning is very important, this will lead the organizations to know what they have to do next, in order to deliver best services to the customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s demand. Planning and controlling related to each other. It is essential to consider these methods in an organization like WH Smith as they helps for the effective outcome. Planning helps what to do and when to do in other hand controlling involves making sure that the plans are taken place. The planning and controlling involves cost estimation, work measurement, planning, routine concerns. Based on this scenario we can see that WH Smith has planned how to fulfill the needs of their customers. Kate Swann for example knew that young women and teenagers will purchase their stationeries and mean time the sweet has been display near the counter in order to promote it to their clients. If Kate Swann didnà ¢Ã¢â€š ¬Ã¢â€ž ¢t think of what customers normally demand, WH Smith may not be able to satisfy thei r customers. Linear program is a mathematical technique designed to help to plan and make decisions. This will help to maximize or minimize some quantities such as profits or cost. Liner program requires action on what to choose, where Kate Swann need to introduce displaying sweets near the checkout. One of the examples of WH Smith success in applying linear program in operational management is when Kate Swann stops selling music and DVDs to increase the profit margin. For renovating WH Smith shops there are certain tasks need to be planned. The following table is the tasks listed down for the shop renovation. Activity Duration A Structure repair 4 B Ceiling 2 C Flooring 4 D Electrical Power require 1 E Main Shop area tidy 3 F Exterior Walls repair 2 G Paint outside 1 H Check out area 1 I Shelf 2 J Alarm 1 D must follow A G must follow A and F H must follow A, C, D and F I must follow A, C and E J must follow A and D The above network diagram is an for an WH Smith renovation. WH Smith was running with lose until Swann take over to make it a profit. When we look into the operational outcomes we can see clearly that the WH Smith lose of  £135m turned into profit of  £106m. Another example of operational outcome is targeting of displaying sweets at the checkout and also selling stationery aiming teenagers and young women. Quality can defined by the process through which a business seeks to make sure that the product quality is maintained or improved meantime reduces the errors. It requires both management and employees make every effort for perfection. And according to the Scenario it sets an example Kate Swann stops selling music and DVDs and also the checkout assistants attempt to force-feed the chocolates displayed at the checkout areas. Without planning and controlling an organization will be hard to monitor. It is essential to follow the concepts of Operational mana gement in order to achieve success in an organization. Kate Swannà ¢Ã¢â€š ¬Ã¢â€ž ¢s success is based on how she followed the operation management skills in order to bring the profit to a company which was running in loss. As Kate Swann follows these skill it states in the scenario that she has the ability to make a unpleasant shops to have profit business. Referencing Six Sigma, [Online], Available: https://www.isixsigma.com/implementation/financial-analysis/cost-quality-not-only-failure-costs/ Operations Management, fourth edition,[ Online], Available: https://wps.pearsoned.co.uk/ema_uk_he_slack_opsman_4/17/4472/1144836.cw/ The Guardian,[online], Available: https://www.theguardian.com/business/blog/2013/jan/23/wh-smith-kate-swann-profit Introduction of Operation Management, [Online], Available: https://highered.mcgraw-hill.com/sites/dl/free/0070951675/436573/samplech01.pdf Muhammed Akram Khan, Performance Auditing à ¢Ã¢â€š ¬Ã¢â‚¬Å" The Three à ¢Ã¢â€š ¬Ã‹Å"Eà ¢Ã¢â€š ¬Ã¢â€ž ¢s, [Online], Available: https://www.asosai.org/journal1988/performance_auditing.htm Operational Planning, Wikipedia, [Online], Available: https://en.wikipedia.org/wiki/Operational_planning Linear Programming, [Online], Available: https://wps.prenhall.com/wps/media/objects/2234/2288589/ModB.pdf Sree Rama Rao, (2009) Operational Planning and control decisions,[Online], Available: https://www.citeman.com/5031-operational-planning-and-control-decisions.html Quality management, Wikipedia, [Online], Available: https://en.wikipedia.org/wiki/Quality_management WH Smith, About WH Smith, [Online], https://www.whsmith.co.uk/fcp/content/Help-AboutUs-AboutWHSmith/content

Essay on Lives Ruined with Identity Theft - 647 Words

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How to Form First-Conjugation (-are) Verbs in Italian

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Steve Jobs Leadership - 5606 Words

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Business Law Reflection - 693 Words

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Ethical Dilemma Using Det Technique

Question: Discuss about theEthical Dilemma Using Det Technique. Answer: Introduction Doing Ethics Technique is one of the important tools for finding out the non-ethical and ethical issues related to a certain incident (Kota et al., 2014). The procedure helps in motivating the researchers for finding the answers of simple question that will help them in finding all scenarios that is related with an incident. In this assignment, Doing Ethics Technique is used for describing the nature of an incident (https://www.dailydot.com/debug/digital-identity-social-engineering-hack).The finding of the incident has been provided in this report. The Scenario The Incident The incident that is discussed here was reported by the news website (https://www.dailydot.com/debug/digital-identity-social-engineering-hack). The news article titled as What it feels like to lose control of your entire digital identity was published on 4th June (What it feels like to lose control of your entire digital identity, 2016). The incident describes the experience of Doug Haslam who was a marketing coonsultant, whose digital identity was hacked by someone. Doug Haslam was a marketing consultant whose Google and twitter account was hacked by an attacker. The attackers not only hacked his account but socially engineered access to his phone number. The attackers have taken control over his Google and Twitter account, and there they were able to access the data inside it. Performing DET on the Article What is going on? Doug Haslam, who was a marketing consultant, uses his Google account for his work. Some of the attacker have hacked his Google and Twitter account and thereby got the access over the information. They not only hacked his accounts but also have his phone number (What it feels like to lose control of your entire digital identity, 2016). Due to this, he is locked out of his account. Finally twitter re-establish his account but refused to give back his username. What are the facts? Doug Haslam uses his Google account for sending mails to his clients regarding business transaction. His Google as well as Twitter account has been hacked by some of the attackers (What it feels like to lose control of your entire digital identity, 2016). Due to this all his personal details including name, profile picture has been hacked by the attackers. The attackers also have his phone number as a result they traces all his calls as well as emails that he send to his clients for the business purpose. The hackers have the access over all his information including personal, business related and financial. He is locked out of his account and finally Twitter reinstated his account but refused to give back his username, which he was using from last 10 years. Due to the hacking of his Google account, the hackers have misused the information that is related with his business. Some of his confidential marketing transactions have been revealed by the attackers (Coleman, 2013). What are the Ethical and Non- Ethical Issues? Doug Haslam account has been hacked and the hackers have access over both his personal and financial data including the transaction. Due to this, the organization where he was working suffered a lot (Henwood et al., 2016).This is because all the transactional data as well as confidential data of the clients have been hacked by the attackers (Craig Shackelford, 2014). Doug Haslam personal data including his phone number have been hacked. At last, when Twitter reinstated his account, they refused to give back his user name, which he was using from the last 10 years. This incident is one of the most ethical issues as Doug Haslam not only loses his control over the digital identity but also his work-life gets affected due to the revelation of the transactional information of his workplace. Ethical hacking can be done in order to prevent cybercrime. The organizations use hacking process in order to detect the persons who are engaged in hacking or related with unethical issue in the organization (Kota et al., 2014). Ethical Hacking is very much advantageous. Phone call are traced in order to get all the information or for avoiding issues related with business. Who is Affected? Doug Haslam gets affected as all his personal data including phone number have been hacked. Some of the confidential data and emails of his clients were misused by the attackers. The transactional data related to his workplace was revealed as a result revenue of the business got affected. What are the Ethical Issues and Implications? Hacking of Google and Twitter account by the attackers is one of the most ethical issues as both the financial and personal data of the Doug Haslam have been hacked (Park, 2014). Personal and transactional data of clients have been revealed which affected the business of the organization. What can be done about it? The developers of social applications must implement strict rules and regulations so that they can provide facility of access to their registered users only (Lee, 2016). No other users can access the data or information of another user. What are the Options? There are various options in order to reduce the ethical dilemma related to the incident. The most important step is that Google and Twitter must use strict laws and regulation so that unethical access of data can be avoided by the attackers or hackers (Marcum et al., 2014).The Company must adopt such software such that its lost data can be retrieved properly. Which Option is Best and Why? The best option is that Google and Twitter must use strict laws and regulation so that unethical access of data can be avoided by the hackers (O'Loughlin et al., 2013). Conclusion The application of doing ethics technique on the selected article has helped in understanding the ethical issue by this incident. The hackers have used some renowned social networking sites for effectively hacking and extracting information and data. The outcomes from this analysis have helped in knowing about the several choices and developed methods of solution from the hacking issue. References Coleman, E. G. (2013).Coding freedom: The ethics and aesthetics of hacking. Princeton University Press. Craig, A., Shackelford, S. (2014). Hacking the planet, the dalai lama, and you: managing technical vulnerabilities in the Internet through polycentric governance.Fordham Intellectual Property, Media Entertainment Law Journal,24, 381. Henwood, R., Patten, G., Barnett, W., Hwang, B., Metcalf, C., Hacking, D., Wilkinson, L. (2016). Acceptability and use of a virtual support group for HIV-positive youth in Khayelitsha, Cape Town using the MXit social networking platform.AIDS care, 1-6. Kota, R., Schoohs, S., Benson, M., Moreno, M. A. (2014). Characterizing cyberbullying among college students: Hacking, dirty laundry, and mocking.Societies,4(4), 549-560. Lee, J. (2016). Growth Hacking for Startups: How Growth Hacking can utilised for growing startups. Marcum, C. D., Higgins, G. E., Ricketts, M. L., Wolfe, S. E. (2014). Hacking in high school: cybercrime perpetration by juveniles.Deviant behavior,35(7), 581-591. O'Loughlin, K., Hacking, K. A., Simmons, N., Christian, W., Syahanee, R., Shamekh, A., Prince, N. J. (2013). Paediatric unplanned reattendance rate: AE clinical quality indicators.Archives of disease in childhood, archdischild-2012. Park, D. W. (2014). Analysis on Mobile Forensic of Smishing Hacking Attack.Journal of the Korea Institute of Information and Communication Engineering,18(12), 2878-2884. What it feels like to lose control of your entire digital identity. (2016).The Daily Dot. Retrieved 12 August 2016, from https://www.dailydot.com/debug/digital-identity-social-engineering-hack