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Lecture

Management Planning

3 Pages
153 Views

Department
Global Management Studies
Course Code
GMS 200
Professor
Shavin Malhotra

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Week 8 Lecture Notes GMS
Management Planning
Exercises in decision-making
Transferring Convicts
A lot of convicts died along the way because of many reasons
Transferring from England to Australia
Malnourishment, medicine not given
Some captains hoarded food and medicine meant for the convicts and sold them
upon arrival in Australia
How might captains be convinces to take better care of their human cargo?
oCompensation for the captains based on the number of live convicts at the
end of the voyage worked like a charm
Chile Hyperinflation
During a period of hyperinflation in Chile, the story is told that the govt.s
imposition of a maximum price made it unprofitable for suppliers to sell bread
the legal max. was below the cost of production
A simple prediction would be that bread would disappear from the shelves
If you were a baker how might you respond?
oTheir response was to shrink the loaf of bread until the cost of a loaf fell
before the legally mandated price
oGovt. imposed a minimum bread size
oBread makers used less of the expensive ingredients such as grain, and
added water and such to reach said weight and size
Euro Disney Case Study
Until 1992, the Walt Disney company had experiences nothing but success in the
theme park business
Its first park, Disneyland, opened in Anaheim, California in 1955
In the 1970s, the triumph was repeated in Florida, and Japan
Disney execs turned their attention to Paris is 1986
Why Paris?
oFrench Government expecting the project to create 30,000 jobs and to
contribute $1 billion a year offered
Land at 1971 prices
Provided $750 million in loans at below-market rates
Spend millions of dollars on subways and railroads connecting
Europe to Disneyland
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Description
Week 8 Lecture Notes GMS Management Planning Exercises in decision-making Transferring Convicts A lot of convicts died along the way because of many reasons Transferring from England to Australia Malnourishment, medicine not given Some captains hoarded food and medicine meant for the convicts and sold them upon arrival in Australia How might captains be convinces to take better care of their human cargo? o Compensation for the captains based on the number of live convicts at the end of the voyage worked like a charm Chile Hyperinflation During a period of hyperinflation in Chile, the story is told that the govt.s imposition of a maximum price made it unprofitable for suppliers to sell bread the legal max. was below the cost of production A simple prediction would be that bread would disappear from the shelves If you were a baker how might you respond? o Their response was to shrink t
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