Bahrain Institute Managerial Economics in McDonalds Report

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Question Description

I don’t understand this Economics question and need help to study.

 

Managerial Economics – Assignment

This is a practical based assignment but you should attempt to integrate theoretical models and course material into your answer and a maximum of 3000 words (+/- 10%).

This coursework is designed to check the student’s progress, and to reinforce the concepts covered.

The task is to illustrate the key concepts in Managerial economics being applied in the selected company (McDonald’s) . The main learning objective is to apply knowledge from the course material and teaching sessions/materials to a practical situation and recommend any change and improvements in business practice

You should report on MCDONALDS:

a) The current situation in the country / regional market (products / competitors/ sales practices/ pricing/ trends, opportunities and threats/ key success factors) Factors and trends influencing Demand (taste & preference/ Income / number of buyers/ price of substitutes and compliments / future expectations) Factors and trends influencing supply (cost & technology / price of substitute goods and services/ future expectations)

b) Recommendations that you would make to your chosen company in relation to future developments and possible expansion in this market, taking a three to five year framework.

Ensure that your work includes a brief introduction to the company and the context in which it operates and has sufficient depth and detail so that your recommendations are justified.

Where possible, academic material should be included to ensure that your report is both comprehensive and complete. The written submission should be word processed and presented in report form.

The chapters required to assist in writing the individual assignment, from the book PDF attached:

-Chapter 1

-Chapter 2

-Chapter 3

-Chapter 4

-Chapter 5

-Chapter 6

-Chapter 7

-Chapter 8

-Chapter 12

THE LINK FOR THE BOOK IS ATTACHED.

kupdf.net_managerial-economics-7th-edition-by-paul-keat 2.pdf

 

 
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MGT2101 Module Title: Management and Organization

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Module Code: MGT2101
Module Title: Management and Organization
Coursework: Assignment Guidelines
Deadline: 13 May 2020
The Task:
1. This is an individual assignment
2. Read the questions and supply your answers.
3. Answer each questions based on the concepts discussed during the course, you can add additional
concepts as long as it is within the scope of the course to back up your answers, where necessary
4. Write your references at the last page of the paper
5. The overall assignment will count for 40 % of your final grade for this module.
General Instructions & Format:
1) The word limit for this assignment is 3000 words (+/- 10%); excluding graphs and tables if there is
any.
2) The assignment must be submitted on time to be considered for evaluation.
Class ID:
Password:
3) Assignments submitted after the deadline will be penalised by deducting 5% of the overall mark for
each day up-to 6 days; assignments will not be graded or accepted after 6 days.
4) If you face any problem, please make sure to contact your lecturer before the due date.
5) You are expected to support your work with sources from the literature and use Harvard referencing
style as appropriate, in text and in the list of references at the end of your assignment.
6) Format:
a. Font: Times New Roman.
b. Use single spacing and sufficient margins (3-4 cm).
c. All pages should be numbered
Page | 2
Grading:
• The written report will be marked out of 40 based on the attached grading scheme
• All examples quoted in your answers must be from verified sources, such as management articles,
university journals and articles from trustworthy business news websites. Ensure that the references
are mentioned clearly in your appendix
Academic Integrity:
• Fill in the BIBF Assignment Coversheet, scan it or capture it as a picture (to ensure that it does not
affect the similarity % counted by Turnitin) and paste it in the first page of your assignment.
• By signing the coversheet and uploading your work on Turnitin, you confirm that:
– The work is your own, and that you have not copied another’s work or allowed anyone to copy your
work, and that you have referenced the work of others in an appropriate way.
– You have read and understood the BIBF guidelines on Plagiarism and abided with the necessary
practice.
• Students who are suspected to have encountered any form of academic dishonesty will follow BIBF
guidelines on plagiarism.

Page | 3
Assignment:
Given the current crisis seen across the world due to the Covid 19 pandemic, use your
management knowledge to identify problems and think of solutions that managers are
currently facing pertaining to the questions below:
A. What organizational structure in your opinion would be the best suited to handle this
crisis.? Support your answer with theory and examples from the real world. (15
marks)
B. What would be HR’s role in adapting to this new normal? What should HR do to
ensure that the employees are able to work from home? Support your answer with
theory and examples from the real world. (15 marks)
C. Organizational change has been forced on different firms due to the pandemic. What
are the different types of changes that managers face? Can you give an example of
organizational change. (10 marks)
Reference websites to check:
https://www.ey.com/en_bh/covid-19/covid-19-and-pandemic-planning–how-companies-shouldrespond
https://www.weforum.org/agenda/2020/03/how-are-companies-responding-to-the-coronaviruscrisis-d15bed6137/
https://www.insperity.com/blog/covid-19-pandemic/
https://www.gartner.com/smarterwithgartner/early-covid-19-lessons-learned-from-employers-inasia/
https://www.workdesign.com/2020/03/5-tips-for-managing-workplace-disruption-remote-workcovid-19-pandemic/
https://www.gallup.com/workplace/292334/covid-strategies-policies-world-largest-companies.aspx
https://hrexecutive.com/a-daily-shot-your-covid-19-update-2/

COVID-19: Responding, Managing, And Leading During A Pandemic

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https://www.quantumworkplace.com/en/engaging-employees-coronavirus-pandemic
https://www.welivesecurity.com/2020/03/16/covid19-forced-workplace-exodus/
https://www.ama-assn.org/delivering-care/public-health/tips-keeping-your-practice-businessduring-covid-19-pandemic
https://www.bennettjones.com/Blogs-Section/An-Employers-Guide-to-Responding-to-the-COVID19-Pandemic
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Grading Scheme- for each question ( max of 10 marks for each)
Category Grade Primary Marking Criteria Secondary Marking Criteria
Distinction
9-10
Outstanding
• Comprehensive knowledge
• Detailed understanding of the subject area
• Extensive background study
• Highly focussed answer and well structured
• Logically presented and defended arguments
• No factual/computational errors
• Original interpretation
• New links between topics are developed
• New approach to a problem
• Excellent presentation with very accurate communication
• Exceeds expectations for most primary criteria
• Complete command of subject and other relevant areas
• Ideas/arguments are highly original
Excellent
• Exceeds expectations for some primary criteria
• Complete command of subject
• Ideas/arguments are highly original
Good
• Meets all primary criteria
• Command of subject but with minor gaps in knowledge
• Ideas/arguments are mostly original
Meets requirements
of Class
• Meets most but not all primary criteria
• Command of subject but with some gaps in knowledge
• Ideas/arguments are mostly original
Merit
7-8
Good • Strong knowledge
• Understands most but not all of the subject area
• Evidence of background study
• Focussed answer with good structure
• Arguments presented coherently
• Mostly free of factual/computational errors
• Some limited original interpretation
• Well known links between topics are described
• Problems addressed by existing methods/approaches
• Good presentation with accurate communication
• Exceeds expectations for some primary criteria
• Command of subject but with gaps in knowledge
• Some ideas/arguments are original
Mid-Level
• Meets all primary criteria
• Strong factual knowledge and understanding
• Ideas/arguments are well presented but few are original
Meets requirements
of Class
• Meets most but not all primary criteria
• Strong factual knowledge with minor weaknesses in
understanding
• Most but not all ideas/arguments are well presented and
few are original
Credit
5-6
Good within the
Class
• Knowledge of key areas/principles
• Understands the main elements of the subject area
• Limited evidence of background study
• Answer focussed on question but also with some irrelevant
material and weaknesses in structure
• Arguments presented but lack coherence
• Has several factual/computational errors
• No original interpretation
• Only major links between topics are described
• Exceeds expectations for some primary criteria
• Strong factual knowledge with some weaknesses in
understanding
• Ideas/arguments are limited but are well presented
Mid-Level
• Matches all primary criteria
• Moderate factual knowledge with some weaknesses in
understanding
• Ideas/arguments are limited with weaknesses in
logic/presentation
Page | 6
Category Grade Primary Marking Criteria Secondary Marking Criteria
Meets requirements
of Class
• Limited problem solving
• Some weaknesses in presentation and accuracy
• Matches most but not all primary criteria
• Moderate factual knowledge with several weaknesses in
understanding
• Ideas/arguments are limited with weaknesses in
logic/presentation
Fail
4 and below
Good within the
Class
• Insufficient to fulfil the associated learning outcomes
• No evidence of relevant knowledge or understanding
• No evidence of background study
• Answer relies on irrelevant material and lacks a coherent
structure
• No arguments presented or arguments are not relevant to
the assessment
• Many factual/computational errors
• No attempt at interpretation
• No links between topics are described
• No attempt to solve problems or to address the
assessment brief
• The presentation is very weak containing many
inaccuracies
• Exceeds expectations for most primary criteria
• No evidence of knowledge/understanding
• Only limited evidence of an attempt to answer the question
Mid-Level
• Exceeds expectations for some primary criteria
• No evidence of knowledge/understanding
• Very limited evidence of an attempt to answer the question
Meets requirements
of Class
• Matches all primary criteria
• No evidence of knowledge/understanding and/or evidence
of misunderstanding
• No attempt to answer/address the question

 
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The principal aim of this report is to discuss and evaluate various ways of Corporate Social Responsibility methods providing examples of their implementation in different industries. Recommendations are made to the Ministry of commerce in Bahrain on how to implement methods for general companies to become more Socially corporate responsible in a cost-effective manner. The information for this report was gathered from primary and secondary research that includes the Internet, interviews and questionnaires.

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REPORT OUTLINE

Terms of Reference:

The principal aim of this report is to discuss and evaluate various ways of Corporate Social Responsibility methods providing examples of their implementation in different industries. Recommendations are made to the Ministry of commerce in Bahrain on how to implement methods for general companies to become more Socially corporate responsible in a cost-effective manner. The information for this report was gathered from primary and secondary research that includes the Internet, interviews and questionnaires.

Abstract/Summary

  1. Brief background information
  • What is Corporate Social Responsibility (CSR)?
  • What is the importance of (CSR)?
  • What is the current situation regarding (CSR) in the Gulf/Bahrain?
  1. What is the purpose of this report?
  2. How was the information gathered?
  3. What were the results, main conclusions reached?
  4. What are the recommendations overall?

Introduction

  1. Background information
  • What is Corporate Social Responsibility?
  • What makes Corporate Social Responsibility necessary?
  • What are the different types of Corporate Social Responsibility methods?
  • How common effective are Corporate Social Responsibility practices in the world and/or the Gulf region?
  • What costs are involved in Corporate Social Responsibility?
  1. What is the purpose of this report?
  2. Who is the audience?
  3. What methods were used to gather the information?
  4. What are the limitations of this research?

Findings

  1. Corporate Social Responsibility method 1 (Partner with other organizations)
  • What does it consist of?
  • Where is it used?
  • How is it used?
  • Why is it used that way?
  • What are the advantages and disadvantages?
  • Can it be used in different situations, countries, etc.?
  • What if this method was used in Bahrain, The Gulf, would it work? Why yes, why not?
  • How effective is this method? What are the factors that make it effective, or not so effective?
  • In what industries is implemented and why specifically there and not in other industries?
  • What is the evidence that this method is effective?

 

  1. Corporate Social Responsibility method 2 (Environmental conservation)
  • How does it compare to method 1?
  • How is it used?
  • Why is it used this way?
  • What is the cost involved?
  • What are the benefits?
  • Is Bahrain/Gulf using this method, if not why?
  • How effective is it overall?
  • In what conditions is it effective?

 

  1. Corporate Social Responsibility (Labor practices)
  • How does it compare to the other methods?
  • What industries use it? Why is it used in this industries? Why not in other industries?
  • What are the advantages and disadvantages?
  • ?
  • ?
  • ?

Conclusion

  • Why is waste management needed?
  • What are the most common waste management methods?
  • What are the most effective methods and why?
  • What is the current situation in Bahrain/the Gulf in relation to waste management?
  • Why is it necessary in Bahrain/Gulf to implement a cost/effective waste management system.

 

Recommendations

  1. Recommendation 1
  • What is the recommendation?
  • Why should this be done?
  • Who should do it?
  • What would be the benefits? (cost)
  • What if anything needs to change for this recommendation to work?
  • What would happen if the situation does not change?
  • Why would this method work in Bahrain (social, political, economic, environmental reasons)?
  • How is this method cost-effective?

 

  1. Recommendation 2 (as recommendation 1 )
  • ?
  • ?
  • ?

 

Appendices  (a new page)

– Photos,

– Graphs

– Survey, interview questions

– Newspaper articles for further reference

– Links to access more information on the topic

 

References (at least 8 from primary and secondary sources)

 

 

 

 

 

 

 

 

 

 

 
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MAGT 310- Quantitative Analysis for Business

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Instructions – Please read carefully!

  1. Write your name; student ID number and section number at the top of this cover sheet and rename the file by your (ID number and name).
  2. You have 1 week to complete and submit your assignment in Word file through Moodle.
  3. Don’t remove this cover page when you submit your answers.

 

 

Questions Q1 Q2 Q3 Q4 Total
ILOS A1, A2 B1, B2 B1, B3 C1, C2  
Maximum points 6 10 10 6 30
Points Earned          

 

 

 

Answer the following questions

 

Question 1:  Based on what you have studied about Quantitative Analysis, answer the following discussion question:  ( 6 marks)

 

Suggest 2 potential actions that a quantitative analyst could undertake to ensure that the implementation stage of a project is successful.

 

 

Question (2):  Referred to your understanding of the special cases in LP , answer the following question:   ( 10 marks)

 

Develop your own set of constraint equations and inequalities and use them to illustrate graphically each of the following conditions:

  • No feasible solution problem (4 marks)
  • An Unbounded problem (4 marks)

Question (3): Referred to the below table, solve the following questions:  (10 marks)

(The graph should be drawn here in the Word document).

 

  X1 X2 Availability per month
Constraint 1 1 2 45
Constraint 2 3 3 87
Constraint 3 2 1 50
Maximize profit 50 20  

 Required:

  • Formulate the problem as linear program. (Objective function- your own decision variables- Constraints).                                                          (4 marks)
  • Draw the problem graphically and assign the feasible region and the optimal point on the graph. (3 marks)
  • Determine the optimal value of Z.                                               (1 marks)
  • What are the binding and nonbinding constraints?    (1 mark)
  • What is the slacks for constraint (1)?        (1 mark)

Question 4: Answer the following problem: (6 marks)

Dell computers Company is promoting to its products with 3 types of advertisements (Billboards, Morning news, and Radio). Dell computers company wants to have at least 5 advertisements per day, but spend no more than $ 50 000 as the company budgeted up.

The Company wants to maximize the audience exposure. Formulate using Linear Programming.

The following Data are given:

Ad Type Estimated Audience reached. Cost per Ad Maximum Ads \ week
Billboards  3000 $ 5000 10
Morning news  4000 $ 7000 6
Radio  75 000 $ 10 000 2

 

 

 

Best of luck

 
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