Firm that Works in an Ecosystem Essay Example | Topics and Well Written Essays - 1500 words - 26

Firm that Works in an Ecosystem - Essay Example The document or text goes ahead to give an example of a firm that works in an ecosystem that is Intel cooperation. Intel works in a network with its suppliers or upstream (like ASML and Nikon) and distributors in order to be successful. However, unlike in the second document that does not state the consequence of participating in a certain activity, the first text explains that some firms work independently and do not share information with the ecosystem; as a result, they suffer from problems such as delays. This text focus on why inter-firm coordination and interaction of investment decisions is important. Further, it critically examines the kinds of inter-firm coordination accounting and information systems are designed to enable this coordination such as roadmaps. In addition, the first text centers entirely on the operation of the business. For instance, it asserts that It is important to identify rival firms and determine their weaknesses, strengths, opportunities, capabilities , objectives, threats, and strategies. Competitive intelligence is, therefore, the main determinant for the success of a business organization in a commercial environment. Weaknesses of competitors are an indication of external opportunities while the strengths of the competitors are the threats of a business organization. It is also important for a business organization to collect competitive information, as this would be advantageous in setting up strategies. On the other hand, the second text aims at educating the public why reviews are conducted and the government department responsible for carrying out this function.  In the end, they manage to deliver their message to the audience by convincing them to accept the information presented.

Six Sigma Term Paper Example | Topics and Well Written Essays - 2500 words

Six Sigma - Term Paper Example In this respect, a manufacturer produces products that are of the same quality standards and which do not have defects that could lender them unusable and inefficient in performance of the intended services. Conclusively, Six Sigma enables manufacturers to produce products that are within a level of quality that is not extremely different from each other so long as they have a similar brand name. Introduction In the initial implementation of Six Sigma, the aspects that manufacturers considered were focused on the defects and products without defects. These manufacturers set some platform for measuring the standards according to outlined parameters. With Six Sigma, many manufacturers were able to establish parameters to moderate their production of commodities in the market so that the products were able to compare to the earlier produced having similar brand name. However, with time, some parameters that were related to time were developed to measure quality in the process of product ion so as to indicate the importance of efficiency. ... This means that efficiency in production is an aspect that is essential to measure the quality of production that could be experienced in any manufacturing company because it plays an essential role (Eckes, 2003, p53). Due to the numerous benefits associated with this management approach, its acceptance by various fields/organizations s been positive. This has been due to the fact that it effectively addressed problems experienced in the use of traditional management approaches. Other aspects of the Six Sigma included customer satisfaction, reduction in cost, increase in profit and reducing the pollution effects resulting from the use of a product. According to these values, people ensure that they improve the quality of production by ensuring that they are no issues/properties that cause defects while maintaining lowest levels of variability in manufacturing and business processes. This ensures that all people using the strategy are able to moderate the various things in the process of production so that they can ensure that they can sustain high quality or raise it, which would be beneficial to the company in terms of the sales level. The process uses some aspects of quality management to ensure that all the people are able to analyze the process of production so that it is acceptable in production. In this aspect, various things are put into consideration in the course of production to ensure that production has met some quality standards and are within some standards of production. On the other hand, according to the standards used in Six Sigma strategy, the producers are categorized in relation to their level of expertise on the production process (Schonberger, 2008, p.15). Aspects of Six Sigma In the