Inventory Planning
This clip looks at ways to plan inventory levels so that there's not too much or too little inventory on hand at any given time. The ideal balance provides enough to satisfy customers, but not so much that there's an und..
Japanese and American Production Models
As long as other countries lacked industrial capacity, especially following World War II, U.S. companies could absorb tremendous inefficiency and still compete. All that changed when the Japanese developed new methods of..
Job Descriptions
It's important that those seeking to fill a position are in clear agreement as to what the job is about. Job descriptions and specifications become the basis for determining which applicants best fit the needs of the org..
Job Performance and Rewards
Sometimes it's very challenging to determine if an employee has met established goals, particularly if that individual is part of a larger team. And it can be especially challenging to appropriately reward individual job..
Just-In-Time Inventory Management
Maintaining appropriate levels of inventory is a fundamental aspect of operations. In order to insure a smooth flow of work and delivery to customers, companies need to keep some amount of both raw materials and finished..
Law and the Business Person
Provides a basic foundation of what business law is, its importance in business operations, the importance of a businesspersons understanding the law, and consequences of not knowing the law.
Law and the Legal System
Every society has laws and rules set forth and enforced by an authority for the purpose of keeping order within the society. This clip defines "laws" and discusses the purpose of a legal system.
Laws and Regulations
This clip explains that, in recent years, laws and regulations have played an increasing role in the business world. In addition to licenses and permits, the clip notes, there are many other government laws and regulatio..
Leadership Case Study: Ritz-Carlton Hotel
Horst Schulze, former president and chief operating officer of the Ritz-Carlton Hotel Company, is a classic example of a leader who came up through the ranks and knows how to connect with employees. During his tenure wit..
Leadership Case Study: Virgin Group of Companies
As the founder, chairman and chief executive of the Virgin and Voyager Group of Companies, Richard Branson has started or become a partner in nearly two hundred ventures. His leadership style has been described as "inspi..