{"id":4299,"date":"2021-11-11T12:25:47","date_gmt":"2021-11-11T12:25:47","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=4299"},"modified":"2021-11-11T12:27:18","modified_gmt":"2021-11-11T12:27:18","slug":"management-practice-and-theory-assignment-answers-to-questions","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/management-practice-and-theory-assignment-answers-to-questions\/","title":{"rendered":"Management Practice and Theory Assignment Answers to Questions"},"content":{"rendered":"

Management Practice and Theory SWOT Analysis<\/strong><\/h2>\n

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If you are struggling with Management Practice and Theory assignment? We are the most reliable site for Management Practice and Theory Assignment Answers<\/strong><\/a> to Questions. Students pursuing their studies in the management field can avail professional management assignment help<\/strong><\/a> services at pocket-friendly prices. Deal with our native assignment writers<\/strong><\/a> to get quality writing service 24\/7.<\/p><\/blockquote>\n

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Assignment Details:<\/strong><\/p>\n

Topic :: Management theory and practice<\/strong><\/p>\n

Subject :: Management<\/strong><\/p>\n

Number of Words ::<\/strong><\/p>\n

Citation\/Referencing Style :: Word document<\/strong><\/p>\n

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1. INTRODUCTION<\/u><\/strong>: – SWOT analysis referred to as swot matrix. It is a strategic planning technique accustomed to facilitate company in Strengths, Weakness, Opportunities and Threats. This analysis is related to business competition or organisation. It has four cell matrixes. This analysis with regard to FMCG (fast-moving consumer good)<\/u> companies constitute to consumer goods having fast moving capability in the economy with 19% of economy share. These types of companies are consumer goods dealer that cost relatively low. Companies with these types of goods have great scope for growth, competitor, income levels and consumer budget with different factors. The given table below in relation to SWOT matrix of FMCG sector which companies adopt:-<\/p>\n

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STRENGTHS\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WEAKNESSES\u00a0\u00a0\u00a0\u00a0 OPPORTUNITIES\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 THREATS<\/strong><\/p>\n\n\n\n
1)\u00a0\u00a0\u00a0 What company excels.<\/p>\n

2)\u00a0\u00a0\u00a0 Distinctive options.<\/p>\n

3)\u00a0\u00a0\u00a0 Advanced technology.<\/p>\n

4)\u00a0\u00a0\u00a0 Resources with reduced cost.<\/p>\n

5)\u00a0\u00a0\u00a0 Market strategies.<\/td>\n

1)\u00a0\u00a0 Corporations disadvantages.<\/p>\n

2)\u00a0\u00a0 Reduced optimum sales.<\/p>\n

3)\u00a0\u00a0 Improvement in some fields.<\/p>\n

4)\u00a0 Lack of capital.<\/p>\n

5)\u00a0\u00a0 High levels of debts.<\/td>\n

1)\u00a0 Favourable external factor.<\/p>\n

2)\u00a0 Tendency to improve operations.<\/p>\n

3)\u00a0 Exploring new market segments.<\/p>\n

4)\u00a0 Expanding core performance and operations.<\/td>\n

1)\u00a0\u00a0\u00a0 External factors affecting company.<\/p>\n

2)\u00a0\u00a0\u00a0 New regulations that threaten company\u2019s ongoing environment.<\/p>\n

3)\u00a0\u00a0\u00a0 Consumer Trends.<\/p>\n

4)\u00a0\u00a0\u00a0 Common Obstacles.<\/p>\n

5)\u00a0\u00a0\u00a0 Competitors.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

Conceptual clarity<\/u><\/strong> AMUL is a milk cooperative founded by Mr. Verghese kurian in<\/u> 1946<\/u>. It is an acronym for \u201cAnand Milk Union Limited\u201d,<\/u> <\/strong>he is also called father of white revolution in India. It is the largest milk and dairy products manufacturer and one of iconic brands in India. Amul produces milk and gathers product it is distributes more than one million litres of milk every day. Now we will see insight into AMUL\u2019s transition from being a cooperative society to most recognize and respected brands in country.<\/p>\n

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STRENGTHS OF AMUL<\/u><\/h3>\n

As the word strength explains functions internally, from its people, its process or the resources employed by it. Below we will discuss strengths.<\/p>\n

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1} Investment in Technology<\/u><\/strong>– Amul has experienced rapid growth<\/u> <\/em>in the last few decades. This company is repeatedly investing in flexible and revolutionary technologies within the dairy products with revenue of Rs. 50,000 Crore last year.<\/td>\n2} Production capacity<\/u><\/strong>– It is one of the largest manufactures<\/u> <\/em>of milk dairy and dairy products in the world, distributing 18 litres of milk per day. It is managed by the Gujarat<\/u> cooperative Milk Marketing Federation<\/u> <\/em>limited.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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3} Market share<\/u><\/strong>– Amul has transformed itself into the market leader of milk and dairy products in country. Amul has expanded its ice cream product and business portfolio by<\/u> opening standalone with 30% market share<\/u><\/em>. It has also introduced its flavoured milk.<\/td>\n4} Strong brand value<\/u><\/strong>– It is one of the most recognisable and valuable brands<\/u><\/em>. The AMUL GIRL, the company\u2019s mascot feature on its advertisements is one of the oldest and most iconic brand<\/u> <\/em>ideal which Amul uses even today. No other milk dealing company has come near amul\u2019s competition.<\/td>\n<\/tr>\n
5} Quality<\/u><\/strong>– One of the primary resources<\/u> <\/em>for AMUL being one of the most trusted brands in India and having a strong and loyal customer base and maintaining transparency.<\/td>\n6} Massive consumer base<\/u><\/strong>– The company has a large consumer base which spreads<\/u> across the urban and rural regions<\/u> <\/em>of the country. This leads to high leverage.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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WEAKNESSES OF AMUL<\/u><\/h3>\n

Just like strengths a human being has weakness among themselves, in the same way there are certain internal weaknesses of brand making the company vulnerable. Some are explained below-<\/p>\n

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1} High operational cost<\/u><\/strong>– It has a high operational cost due to its massive size and<\/u> complex structure<\/u><\/em>. This becomes a problem for a company while experiencing fall in<\/u> demand<\/u><\/em>. Depending heavily upon the dairy unions and communities for its supply of milk, as demands are changing for communities charging high prices for their produce.<\/td>\n<\/tr>\n
2} Lack of Success in defined Areas of Portfolio Expansion<\/u><\/strong>– Amul has enlarged its<\/u> product portfolio<\/u> <\/em>to add products such as butter, ghee, buttermilk, flavored milk, ice cream, chocolates, cheese, creams, sweets ;etc. However, not every product within its portfolio has reached the same success.<\/td>\n<\/tr>\n
3} Legal Issues<\/u><\/strong>– The company has faced legal issues<\/u> <\/em>recently, where in Amul was disregarding the brand and products of its rivals. Unilever Limited filed a suit against<\/u> Amul in the Bombay High Court, causing lots of embarrassment and humiliation.<\/u><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Opportunities of AMUL<\/u><\/h3>\n

Strengths can be converted to opportunities; Companies have enormous ways to improve themselves. Below there is are opportunities to be worked on-<\/p>\n

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1} Per Capita Milk<\/strong><\/u> consumption<\/u><\/strong>-Being India highest consuming nation<\/u> <\/em>of milk and essential for our diet. With increase in<\/td>\n2} International<\/u> Expansion<\/u><\/strong>– It serves global markets, expanding into overseas and Asian markets<\/u> aggressively targeting<\/u><\/em><\/td>\n3} Product Portfolio<\/u> Expansion<\/u><\/strong>-Company can invest in research and development or adopt<\/u> mergers for extensive<\/u><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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population increases the consumption of products<\/u> leading to growth<\/u><\/em>.<\/p>\n

IT expands its production capacities and acquires new consumers.<\/td>\n

Indian\u2019s living<\/u><\/em> in these countries. It can organically broaden its international presence and consumer base.<\/td>\ndistribution network selling<\/u><\/em> new products,<\/u><\/em> the considerable image and trust of the consumers will also enable easier acceptance.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Threats for AMUL-<\/u><\/h3>\n

\u00a0<\/em><\/strong><\/p>\n\n\n\n
1} Increasing Competition<\/u><\/strong>– Due to other companies such as Kwality walls, Mother<\/u> dairy, Avin, Verka,HUL etc are increasing<\/u> competition<\/u> <\/em>for Amul. In the ice cream sector Amul has competition among other<\/p>\n

companies as well.<\/td>\n

2} Growing trend of veganism in India<\/u><\/strong>– Veganism is new trend implying people to<\/u> not consume<\/u> <\/em>dairy products. This impacts demand for dairy products. If the popularity of veganism increases day by day this will<\/p>\n

definitely affect the organisation.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Conclusion-<\/u> <\/em><\/strong>the Strength, weakness, opportunity, threat analysis of Amul enables us to understand the change in organisation from dairy collaborative to one of the most valuable and honourable brands in the country. The brand entices a sense of national price among the consumers, and this brand image can be further improved by entering overseas market, it stands victorious and emerges as a winner at all fronts. Company has to take the push and retain confidence in expanding global markets. With adequate advertising and promotions, Amul can do achieve worldwide success.<\/p>\n

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2.\u00a0Introduction<\/strong><\/u>– Just in time <\/em><\/strong>and Lean production <\/em><\/strong>are though related to each other in many ways sharing same grounds as well as these are most frequently used systems to regulate<\/u> production and ensure profitability<\/u><\/em>. JIT is used for product regulation manufacturing<\/u> workflow procedure aimed at reducing flow at times, costs within production system and the<\/u> issuing of materials<\/u><\/em>.<\/u> On the other hand Lean production deals in utilisation of efficiency<\/u> focusing on elimination of wastes and reducing it to the most.<\/u><\/em><\/p>\n

MG MOTORS or Morris Garages is a British marquee<\/u> <\/em><\/strong>known for its sports cars and mini cars. It was founded by Cecil Kimber<\/u><\/em>. Over the years ownership has changed many hands across diversified business conglomerates to finally being owned by CHINESE state-run SAIC motor. But as a consultant, I can only recommend and give my opinion and workers can adopt any of two methods as both techniques will eliminate wasteful material and processes.<\/p>\n

To make them understand about both concepts in detail.\u00a0 We will study it properly,<\/p>\n

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Lean production<\/u><\/strong>– Company can implement lean production aim at the following steps-<\/u><\/em><\/p>\n

\u00a0<\/em><\/p>\n

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  1. Eliminate unnecessary materials and<\/em>\u00a0<\/em><\/li>\n<\/ol>\n
      \n
    1. Streamline productions.<\/em><\/li>\n<\/ol>\n
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      1. Provide customers with the highest value of the rupee.<\/em><\/li>\n<\/ol>\n

        \u00a0<\/em><\/p>\n

        There are many methods for eliminating wastes that organisation have followed over the years and are being taken into presence now.<\/p>\n

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        1] TIMWOODS\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2] 5S\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3] SIX SIGMA\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4] Kaizen<\/strong><\/h3>\n

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        1] TIMWOODS <\/u><\/strong>\u2013 one of the approaches that aim to identify removal of wastes<\/u><\/em>. This was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota production These eight wastes<\/u> <\/em>are explained in the table. Referred to by the acronym \u2018TIMWOODS\u2019<\/p>\n

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        Transportation <\/strong>Time wastage, resources and cost unnecessary moving products.<\/td>\nInventory<\/strong><\/p>\n

        Wastes resulting from excess products and materials that are not being processed.<\/td>\n

        		Motion<\/strong><\/p>\n

        Time wastage and effort related to unnecessary middle man.<\/td>\n

        		Waiting<\/strong><\/p>\n

        Time wasted for waiting for next step process.<\/td>\n<\/tr>\n

        Overprocessing <\/strong>Wastes related to more work or higher standard than required.<\/td>\nOverproduction<\/strong> Making more products then demanded<\/td>\nDefects<\/strong><\/p>\n

        Product or service failure not meeting customers\u2019 expectations.<\/td>\n

        		Skills <\/strong>Underutilisation of talent, skills and knowledge.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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        2] 5S-<\/u><\/strong> It is a system for assembling spaces so work can be performed productively,<\/u> effectively, and guardedly<\/u><\/em>. This system focus on setting up things where it belong and making the enterprise clean, which makes it easier for people to do their jobs without wasting time.<\/p>\n

        5S comes from Japanese words often translated in English<\/p>\n

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        Japanese word<\/td>\nEnglish words<\/td>\nExplanation<\/td>\n<\/tr>\n
        1 SEIRI<\/u><\/strong><\/td>\nSORT<\/u><\/strong><\/td>\nThis involves improving working area to<\/u> determine<\/u> <\/em>what needs to present and what can be removed.<\/td>\n<\/tr>\n
        2 SEITON<\/u><\/strong><\/td>\nSET IN ORDER<\/u><\/strong><\/td>\nAfter cutting down extra clutter, work groups can<\/u> make their own strategies<\/u> <\/em>and see through<\/p>\n

        remaining items.<\/td>\n<\/tr>\n

        3 SEISO<\/u><\/strong><\/td>\nSHINE<\/u><\/strong><\/td>\nPerforming regular maintenance on equipment<\/u><\/em> and machinery <\/u><\/em>that may pertain to no loss situation.<\/td>\n<\/tr>\n
        4<\/u><\/strong><\/p>\n

        SEIKETSU<\/u><\/strong><\/td>\n

        		STANDARDIZE<\/u><\/strong><\/td>\nAfter deduction of extra stuff. Establish systems<\/u> that turns out efforts in habits<\/u> <\/em>making standard operating procedures.<\/td>\n<\/tr>\n
        5<\/u><\/strong><\/p>\n

        SHITSUKE<\/u><\/strong><\/td>\n

        		SUSTAIN<\/u><\/strong><\/td>\nThis means process for keep running of 5S not in<\/u> a long term projects but every project<\/u><\/em>, that is when business will notice positive results,<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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        3] SIX SIGMA <\/u><\/em><\/strong>\u2013 Six Sigma started in the 19th<\/sup> It was adopted by Motorola engineers <\/em>and has been ranking among one of the foremost methodologies for lean production. The main aim focus behind people in six sigma people is terminology for different belts.<\/u> <\/em>One method DMAIC is followed acronym for define, measure, analyze, improve, control.<\/u><\/em><\/p>\n

        4] KAIZEN THEORY<\/u><\/em><\/strong>-The name KAIZEN is taken from a Japanese word \u2018for improvement\u2019<\/u><\/em>. It is a constant improvement where strategies are executed at all levels that work together<\/u> energetically to achieve regular and incremental refinement to the manufacturing process.<\/u><\/em><\/p>\n

        Change something for the better. The cycle of KIAZEN process is referred to as PDCA<\/p>\n

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