Objectives2 Table of Contents Part One……………………………………………………………………………..4 Business Operation Components at NTUC………………………………………….4 Why Customers Shop Online at NTUC……………………………………………...6 Problem to be Faced by NTUC when it change its Business Model………………...6 Appropriate Models………………………………………………………………….6 Response to Parcel Conundrum by NTUC…………………………………………..7 Customers Experience……………………………………………………………….8 Way of Serving Customers Better at NTUC…………………………………………8 Part Two……………………………………………………………………………..8 Rich Picture (hand drawn Attached)…………………………………………………8 Root Definition………………………………………………………………………9 CATWOE Analysis…………………………………………………………………..9 B and M Process Map “AS IS” Diagram……………………………………………11 B and M Process Map “TO BE” Diagram…………………………………………..12 Part Three………………………………………………………………..................13 Implementation of the New Process………………………………………………..13 Balanced Scorecard and its Perspectives…………………………………………...17
Objectives3 Financial Perspective……………………………………………………….............17 Customers Perspective……………………………………………………………..18 Internal Business Perspective……………………………………………….............19 Learning and Development Perspective…………………………………….............20 References List…………………………………………………………………........21
Objectives4 Part One Essential Components for Effective Operations Management at NTUC’s According to Journal written by Altamony et al. (2016, p. 690 -703) “International Journal of Business Management and Economic Research”suggests that operation management is termed has the administration processes that transform inputs into outputs. The outputs include products and services that are adding value to the NTUC’s consumers within Singapore. Furthermore, the operation management can be described has the crucial company function which deals with and is costumers key workforce of an organization. However, it is the organizational aspect which implements and accomplishes the company strategy (Ali and Miller 2017, pp. 666-692). Thus, NTUC’s have to established a comprehensive and well-planned strategy to manage and oversee the company operations, because a high consumer’s satisfaction and minimized labour cost is difficult to be achieved for the organization to improvement relative attainment in the market domain. The four constituent for effective operation management at NTUC’s include the supply, effectiveness, reliability and flexibility, and superiority control. Supply The NTUC’s have to include supply to work with from a specific region or place when it comes to operational management of the organization (Birinci, Berezina and Cobanoglu 2018, p.87). For instance, the service providers companies the supply tends primarily information though administrative centre supplies and hardware are as well as the significant aspects in supply. For manufacturers organization the supply is the raw products or materials the company acquires to synthesis its products. However, the organization supply has to be dependable and
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Objectives5 cost effective, for the company to obtain the resources at relative low prices. In addition, the NTUC’s have elaborative supply chain plans to locate relative low prices, in which the end products will not be expensive to the consumers (Massa, Tucci and Afuah 2017, p. 75). Hence, adding customers’ value at the organization. Effectiveness Efficiency at NTUC’s is being seen has the key objective in business operations. Effectiveness focus starts with the practices including the system administration and lean administration to be utilized principally in production circles (Brewster 2017, pp. 22-35). However, the main goal of company effectiveness is to produce variety and various products in a short period of time to keep up with the customers’ value (Bates et al. 2018, pp. 15-43). Consistency and Adaptability The components provide a motivating tension in company operations. Conversely, operations are required to be reliable for the satisfaction of the customer’s choices. NTUC’s managers and supervisors have to know that it is necessary to produce a certain number of products units to meet potential customers’ demands despite of what might come through (Brewster 2017, pp. 22-35). The company also needs enough flexibility to change with technology advancement and current market trends in embracing new practices to maintain the operation competent. Quality Mechanism Although the phases of operating procedures are significant as the company must assess its effort at the conclusion of the practice. Quality mechanisms analyses the company ending products and finding out the defects and how the defects can be amended. However, utmost
Objectives6 organization only allows a certain level of delinquent but some do not accept any defects of their products (Massa, Tucci and Afuah 2017, p. 73). Therefore, the quality control helps the NTUC’s to improve its product flow as well as solving minor issues which might result into major problems in the future. Hence, enhancing customers’ value at NTUC’s. Why Costumers are Shopping Online at NTUC Nasri et al. (2017, pp. 9511-9521) observed that the main reason why consumers shop online at NTUC’s company are the following, customer’s convenience, the better prices at NTUC’s, variety of commodities that are available online at NTUC’s, avoidance of overcrowding at shopping centres, small expense being incurred by the clients, inconspicuous purchasing and compulsive shopping. The main factors at NTUC have enabled the company to perform well compared to its competitors. Problems faced by NTUC when changing its Business Model The problems which are likely to face by NTUC’s when it is changing from its tradition business model are uncertainty of the model, adaptation of new regulation and policies linked to the new model, rapid technological advancement related to the going hybrid and, inadequate of effective chains of supply and data overload (Morrison, Srinivasan and Dobbs 2017, pp. 209- 241). Appropriate Operational Models Liu et al. (2017, p. 448) has mentioned that the operation model in service-oriented sector or industry include operating model, business model and target model in any company. The operating model can be described the abstract and pictorial representation of the way different organization delivers values in the service industry to its consumers and stakeholders and how
Objectives7 the company actually operates itself (Liu et al. 2017, pp. 451-457). Business model of an organization do describes the validation of how a company delivers, generates as well as how it is capturing the socio-economic, political and cultural context (Kozlenkova et al. 2017, pp. 21- 40). Whereas the targeting model act has enabler of company applications in terms of organization plans and visions to operate. By contrasting the model the business model play the main role in the sector because it ensure harmonizing environment between the organization and its publics hence making consumers to easily purchase their goods. In addition Kozlenkova et al. (2017, pp. 21-40) has clarified that consideration of the chain of supply, customer’s worth, decentralizing and unifying of the inventory used to examined the model found that the prototypical have a similar role. How NTUC can respond to Parcel Conundrum The recommended way in which NTUC’s Company can respond to conundrum while considering the possible technological advancements and environments impacts include developing a Smartphone applications that allows the company to finds its clients even if the clients is not at the address stipulated (Kandukuri et al. 2016, p.708) . Other recommendation are avoiding ambiguous delivers to their consumers has most consumers take to hate vague delivery from courier companies take to hate vague delivery from courier companies, and developing effective tracking systems and device to reduce the company couriers from producing CO2that affects the environment. Also, the company should minimized its delivering time and should keep informing costumers through text or email when their delivery will be due (Handaya et al. 2017, pp. 1-6).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Objectives8 Critical Analysis and Evaluate Consumer’s Digital Experience and Enhancement of Consumers Experience through New Model The consumer’s digital experience includes the consistency that generates customer’s loyalty, in which consumer’s impressions about the brand. The consistency of the clients is normally through consistent of how they are behaving towards the company products. Through, analysis of the digital experience the following success aspects came out. The success aspects include the maximizing speed and agility in awareness generation, attaining consumer’s adoption on the digital client’s journeys, and developments of agility in journey delivery, and digitalization and designing of consumer’s trips. The new model has enhanced customer’s experience in the following ways, developing of an improved consumer’s support, live charting, and consumers self-service administration, new media care and support on omnichannel. NTUC Ways of Serving Consumers Better The way in which the company can use to serve the costumers better include communicating with them through emails, real time video charting for live customer care or support and rewarding of the company best consumers. The services are distinctive and can be of benefits to NTUC when implemented in a right way (Foss and Saebi 2017, pp. 202-205). The market segment being chased by the company when it changed its business model is e-commerce retailing industry or sector. Part 2 Rich picture (hand drawn attached in the appendix)
Objectives9 According to (Fallahi, Kirchberger and Gassmann 2017, p.56) is that Rich Picture can be termed has the way of exploring, acknowledging and definition of condition and expression it being given through diagrams in creation of preliminary intellectual archetypal. Root Definition Fallahi, Kirchberger and Gassmann (2017, p.56) observed that Root definition is termed has the first phase in Soft Systems Methodology also known as the SSM. It formulates the Root Definition of the Scheme being studied, analysed and being designed. A good structure root definition has three element termed has what, how and why. What answer the role of the System itself in solving the problem or the immediate aim of the structure? How answers the question of how the system solves the problem and techniques of attaining the company aims, whereas the why answers the question of how it is being done and how long the term aimed of the purposeful action (Foss and Saebi 2017, pp. 202-205). CATWOE Analysis
Objectives10 The InvolvedThe Affected Ownerswho can create, change or destroy the system and who supply the NTUC’s Customers who are the direct recipients of the output of the system. They may be seen as beneficiaries or victims Actorswho perform the activities of the system Environmenta lgroups who are directly necessary for the system, e.g., suppliers of resources External groups indirectly affected by the systems activities External groups who indirectly affect the systems activities Table for CATWOE Table 1. (Saebi and Foss 2015, p. 213). Analyses of “AS IS” and “TO BE” and Summary of the Plans According to (Saebi and Foss 2015, p.213) is that active techniques for changing a vision into outputs is the development and populating the AS IS and TO BE BPMN illustrations in implementing company process plan. The AS IS, can be used by the organization to explain its current state while the TO BE, explains the future state of the company. In addition, by analysing the two plans an organisation progression, company culture and abilities of the company in the future will be well defined (Nasri et al. 2017, p.9521). However, the key purpose of AS IS, is to working in an organization where improvement is required and the starting change point of the company. It also requires company analysts to be creative in resolving problems as well as
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Objectives11 implementing procedure of attaining business goals. TO BE business model put together the future condition procedure is to identifying how the company process will be working in the future when the changes are made within the organization (Dalkin et al. 2018, p. 87). “AS IS” Diagram
Objectives12 Figure “AS IS”. (Dalkin et al. 2018, p. 87).
Objectives13 “TO BE” Diagram Figure “TO BE”. (Dalkin et al. 2018, p. 87). Part 3 Implementation of the New Process The changing of Performance Objectives into Operations Priorities and Resources Necessary for Effective Implementation of the new process and Plan Implementation Resources The performance objective of an organization is being explained has the indicators on the path to attain company attentiveness objectives. Goals of the company ought to be established for all
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Objectives14 factors of the database of the company (Bruni et al. 2015, pp. 50-58). The performance goals include prevention of hazard or dissuasion mitigates risks, continuity of business and alternative feedback. While operation priorities can be describe has the effective company needs operations plans grounded on competitive primacy to drive the organization to attain its organizational functioning objectives. However, mangers can change the performance objectives to work has the operations priorities of the company (Saebi and Foss 2015, p.213). The performance goal enables the workers to plan and establish their task in accordance to attainment predetermines outcomes of the organization. Managers can establish the operations priorities by setting and complete effective performance goals to workers. Hence, to develop operation priorities manager have to develop work knowledge and skills that help workers to flourished in their duties, roles and responsibilities by pursuing their career aspirations. Managers can collaborate with their colleagues who have greater transparency and mutual understanding to help them change the performance objectives into desirable operating performance aspects (Seabrook et al. 2017, pp. 240-253). Administrators may also turn the performance goals into functional primacy by analysing all facets associated with the objectives. The aspects of objectives to be analysed include the reasons for tracking the goals, the envisioned outcomes and measures of success form the objectives, alignment of the company mission, apparition, philosophies and plans with the goalmouths, impacted of the goals to prospective stakeholders, the resource needed and the resource available, and possible obstacle which may arise from the process of turning performance goals into priorities of company operations. In addition, manager is being advised to use SMART model when changing performance goals into objectives priorities. The SMART model is mostly used in goal setting or has a goal setting tool. However, each letter represents the primary component of a comprehensive and actionable objective. S-specific, indicates that
Objectives15 goals to be changed must be detailed that can be understood in the company operations. M- measurable, clarify how the managers will know that turning of the performance goals to operation objectives have been achieved or attained inside the company and how the stakeholder will regulate the success of the operation primacies (Brewster 2017, p22). A-attainable, it describe the attainability of the managers efforts to achieve the process using the available resource within the company. R-relevancy issue, administrator has to find out whether the operations priorities required in the company will be aligned to the organization vision, ideologies and plans. The last key component is the T-time bound, evaluates the time specified for the completion of turning performance objectives into operational priorities (Seabrook et al. 2017, pp. 240-253). As observed by Story (2017, p. 407) is that resource required for effective implementation of the new process include material goods, capital and individuals. In the implementation of the new process individual are required. The individuals represent the human resources in the operation procedure. Normally, project manager leads a team of individuals since administrators alone cannot implement the new process. Capital is the second resource needed for the implementation of the new process because different expenditures have to be catered for. For instance, salaries and wages, electricity bills have to been for during the period of project implementation (Seabrook et al. 2017, pp. 240-253). However, the project administrators are required to maintain project budget which is they core skill. The material goods are needed in the implementation procedure. The new process or project needs the utilization of assets. Thus, material assets do vary from one project to the other, but mostly the new process tend to use physical resource (Story 2017,
Objectives16 p.407). Example of perceptible resources is, software license and hardware which are technical structure like information technology equipment and, switches and cabling. Analysing the Resources Requires in Implementing New Process The effective implementation of strategies is being support by the four primary elements. However, the four elements have to be representing in organization in order for the company carry out its strategies has expected by both managers and stakeholders (Agag and El-Masry 2017, p.347). People In implementation of the new business process plan the project manager must ask themselves if they have enough individuals to carry out the new process and are they the right individuals to take part in instigating process (Brewster 2017, p.22). However, the number of individuals in organization workforce is the main aspect that is easy to be addressed because it is possible to hire supplementary manpower. Though, it is seem impossible to see that the organization have the right persons for the first time by assessing their knowledge, capabilities and required skills to implement the strategy. Resources The resources needed in the implementation of new process are both financial funds and intangible resources which are available at the company and resources which are not in the company but are required in the new process implementation (Ali and Miller 2017, .666-692). What normally comes into the mind of project managers is amount required to cover the cost, and expenses to be sustained in the operation plan.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Objectives17 Structure The company structure has to be clear with the responsibility that is well defined and appearances of authority. The organization should underline its hierarchy during the implementation of the new process (Ali and Miller 2017, .666-692). Administration have to defined the communication throughout the company for the workers to understand all factors of the executing the new project. Systems and Culture The systems help in making sure those phases of strategic administration process is succeeding. While, culture of the company within the organization atmosphere. The company should be sure that workers feel significant and comfortable to ensuring that involved in the calculated administration process. Performance Model The model to support the discussions is the Lewin’s Change Management Model. The model was established by 1950s by psychologist Kurt Lewin (Tarhini, Ammar and Tarhini 2015, p 25). Lewin mentioned that many individuals in a company tends prefer and like to work within a given precincts of safety. Lewin predicted the three phase of change in the organization which includes the implementation unfreeze, transition and implementation refreezes. Balance Scorecard and its Prospective Balanced Scorecard is being termed has a tool of measuring overall company performance by having a well-adjusted approach where an equal importance is given the same
Objectives18 significance in terms of modernisation and training, interior processes and clients satisfaction together with financial recital (Tarhini, Ammar and Tarhini 2015, p. 25). . Figure 1. (Tarhini, Ammar and Tarhini 2015, p 25). The perspective of the balance scorecard includes financial perspective, customer perspective, internal company processes and, learning and growth. Financial Perspective
Objectives19 Financial perspective discourses the question of how shareholders view the company and which financial goalmouths are desired from the stockholder's perspective (Thomas, Deblecker and Ioakimidis 2018, p. 1190). The exact goalmouths depend on the business's phase in the corporate life cycle. For instance, growth goal, sustainability goal and harvest goal stage. The following table outlines some examples of financial objectives metrics. ObjectiveSpecific Measure GrowthRevenue growth ProfitabilityReturn on equity Cost leadershipUnit cost Table 2. (Thomas, Deblecker and Ioakimidis 2018, pp. 1188-1206). Customer Perspective Consumer’s perspective describes the questions about how a company is being perceived by clients and how the company is serving its potential consumers to meets financial goals. Normally, consumers perceive the company in expressions of period, performance, superiority and cost(Tian et al. 2017, pp.1363-1373).The table highlights the specific consumer’s measures and objectives. ObjectiveSpecific Measure
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Objectives20 New products% of sales from new products Responsive supplyOn time delivery To be preferred supplierShare of key accounts Customer partnershipsNumber of cooperative efforts Table 3.(Tian et al. 2017, pp.1363-1373). Interior Procedure Perspective The interior company goals describe the question of which procedure is more critical for the satisfaction of consumers and stakeholders needs atNTUC’s Company (Tian et al. 2017, pp.1363-1373). The company must concentrate on this for it excel. The table highlights the goals and measures. ObjectiveSpecific Measure Manufacturing excellenceCycle time, yield Increase design productivityEngineering efficiency Reduce product launch delaysActual launch date vs. plan Table 4.(Tian et al. 2017, pp.1363-1373). Learning and Development Perspective
Objectives21 The learning and development describes the question of company of how they learn, advance, and innovative to meet company objectives (Agag and El-Masry 2017, p. 347). However, the perspective is worker-centred, and the table below highlights the learning and development goals (Wang and Elatlassi 2016, pp. 1-43). ObjectiveSpecific Measure Manufacturing learningTime to new process maturity Product focus% of products representing 80% of sales Time to marketTime compared to that of competitors Table.5.(Wang and Elatlassi 2016, pp. 1-43). References List
Objectives22 Agag, G.M. and El-Masry, A.A., 2017. Why do consumers trust online travel websites? Drivers and outcomes of consumer trust toward online travel websites.Journal of Travel Research, 56(3), pp.347-369. Ali, M. and Miller, L., 2017. ERP system implementation in large enterprises–a systematic literature review.Journal of Enterprise Information Management,30(4), pp.666-692. Altamony, H., Al-Salti, Z., Gharaibeh, A. and Elyas, T., 2016. The relationship between change management strategy and successful enterprise resource planning (ERP) implementations: A theoretical perspective.International Journal of Business Management and Economic Research, 7(4), pp.690-703. Bates, O., Friday, A., Allen, J., McLeod, F., Cherrett, T., Wise, S., Piecyk, M., Piotrowska, M., Bektas, T. and Nguyen, T., 2018. ICT for Sustainable Last-Mile Logistics: Data, People and Parcels, pp.15-43. Birinci, H., Berezina, K. and Cobanoglu, C., 2018. Comparing customer perceptions of hotel and peer-to-peer accommodation advantages and disadvantages.International Journal of Contemporary Hospitality Management, (just-accepted), pp.87-97. Brewster, C., 2017. The integration of human resource management and corporate strategy. In Policy and practice in European human resource management(pp. 22-35). Routledge. Bruni, G., Cordiner, S., Mulone, V., Rocco, V. and Spagnolo, F., 2015. A study on the energy management in domestic micro-grids based on model predictive control strategies.Energy Conversion and Management,102, pp.50-58.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Objectives23 Dalkin, S., Lhussier, M., Williams, L., Burton, C.R. and Rycroft-Malone, J., 2018. Exploring the use of Soft Systems Methodology with realist approaches: A novel way to map programme complexity and develop and refine programme theory.Evaluation,24(1), pp.84-97 Fallahi, S., Kirchberger, M. and Gassmann, O., 2017. Adapt and strive-How ventures under resource constraints create value through business model.Creativity and Innovation Management Journal, p. 56 Foss, N.J. and Saebi, T., 2017. Fifteen years of research on business model innovation: how far have we come, and where should we go?Journal of Management,43(1), pp.200-227. Handayani, T.U., Yudhoatmojo, S.B., Sandhyaduhita, P.I. and Yohanes, A.Y.L., 2017, November. Policy and procedure design for video conference service using Soft-System Methodology: A case study of pt pertamina (Persero). InInformatics and Computing (ICIC), 2017 Second International Conference on(pp. 1-6). IEEE. Kandukuri, S.T., Klausen, A., Karimi, H.R. and Robbersmyr, K.G., 2016. A review of diagnostics and prognostics of low-speed machinery towards wind turbine farm-level health management.Renewable and Sustainable Energy Reviews,53, pp.697-708. Kozlenkova, I.V., Palmatier, R.W., Fang, E., Xiao, B. and Huang, M., 2017. Online relationship formation.Journal of Marketing,81(3), pp.21-40. Liu, Y., Ni, Z., Kong, X. and Liu, J., 2017. Greenhouse gas emissions from municipal solid waste with a high organic fraction under different management scenarios.Journal of cleaner production,147, pp.451-457.
Objectives24 Massa, L., Tucci, C.L. and Afuah, A., 2017. A critical assessment of business model research. Academy of Management Annals,11(1), pp.73-104. Morrison, M., Srinivasan, R.S. and Dobbs, C., 2017. Smart Ecology of Cities: Integrating Development Impacts on Ecosystem Services for Land Parcels.Smart Cities: Foundations, Principles, and Applications, pp.209-241. Nasri, S., Slama, S.B., Yahyaoui, I., Zafar, B. and Cherif, A., 2017. Autonomous hybrid system and coordinated intelligent management approach in power system operation and control using hydrogen storage.International Journal of Hydrogen Energy,42(15), pp.9511-9523. Saebi, T. and Foss, N.J., 2015. Business models for open innovation: Matching heterogeneous open innovation strategies with business model dimensions.European Management Journal, 33(3), pp.201-213. Seabrook, R.C., Ward, L.M., Cortina, L.M., Giaccardi, S. and Lippman, J.R., 2017. Girl power or powerless girl? Television, sexual scripts, and sexual agency in sexually active young women. Psychology of Women Quarterly,41(2), pp.240-253. Story, K.A., 2017. Fear of a Black femme: The existential conundrum of embodying a Black femme identity while being a professor of Black, queer, and feminist studies.Journal of lesbian studies,21(4), pp.407-419. Tarhini, A., Ammar, H. and Tarhini, T., 2015. Analysis of the critical success factors for enterprise resource planning implementation from stakeholders’ perspective: A systematic review.International Business Research,8(4), p.25.
Objectives25 Thomas, D., Deblecker, O. and Ioakimidis, C.S., 2018. Optimal operation of an energy management system for a grid-connected smart building considering photovoltaic’s’ uncertainty and stochastic electric vehicles’ driving schedule.Applied Energy,210, pp.1188-1206. Tian, G., Zhang, H., Feng, Y., Jia, H., Zhang, C., Jiang, Z., Li, Z. and Li, P., 2017. Operation patterns analysis of automotive components remanufacturing industry development in China. Journal of Cleaner Production,164, pp.1363-1375. Wang, S. and Elatlassi, R., 2016. CRITICAL SYSTEM THINKING ON ENTERPRISE ARCHITECTURE. InProceedings of the International Annual Conference of the American Society for Engineering Management.(pp. 1-9). American Society for Engineering Management (ASEM).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.