business ENVIRONMENT

business ENVIRONMENT

Paper on companies focus on today’s business environment, Prime Bank of Massachusetts, product screening stage of new product development and use of internet by consumers to shop in new ways.

APA format is required. In-text citations should be from scholar articles and placed accordingly throughout the paper. References should be listed on its own page. All references should be from the years 2014 to present day. Answers may be found in textbook.

Review the rubric that will be used to evaluate this paper. All work must be completed individually and submitted by or on due date.

  1. What must companies focus on in order to survive in today’s business environment? Use at least two unique references. Length: 4-5 paragraphs.
  2. Read the case: Prime Bank of Massachusetts, available in the Operations Managementtextbook, Chapter 2. Develop a list of changes for the operations function that should be considered by the bank. Use at least one unique reference. Begin by identifying operations management decisions that would be involved in operating a bank, for example, layout of facility, staff, and drive-through service. Then identify ways that they can be improved at Prime Bank in order to support the strategy focused on customer service. Use at least two unique references. Length: 4-5 paragraphs.
  3. In the product screening stage of new product development, what are some questions that may need to be explored by the operations function? By marketing? By finance? Use at least two unique references. Length: 4-5 paragraphs.
  4. Describe how consumers can use the Internet to shop in new ways. Use at least two unique references. Length: 4-5 paragraphs.
Textbooks Required: Reid RD and Sanders N 2016 Operations management 6th edWiley ISBN 9781118952610.
Answer preview
  1. Companies focus

The business world is a day in day out becoming more robust, challenging and interesting and it is therefore vital for business enterprises to understand how processes, actions or methods might implicate their performance and survival. Becoming open to changes as the environment might present is one important aspect that has since time immemorial played a significant role in shaping the existence of enterprises. The principle in business is to compete, change or die and this is not changing any time soon.

Surviving today’s business involves many parameters especially those that are involved with planning and creating the need f…

(2200 words)
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