Operations Management: Difference between revisions

Revision as of 18:34, 21 April 2012

Operations Management

Analyze how will government influence affect Loyka's decision of choosing location. (Unit 93)

Choosing a suitable place to locate a business is an important decision for a business when setting up. A factor that affects location is the government influence. The main reasons for government intervention in business location are to encourage firms to locate their operations in regions where unemployment is high and business activity is lacking and to attract foreign businesses to the area.

In this case, Colonel Donovan and General Pierce needed to decide whether to construct a hospital or a university. However, the local governor, who agreed to contribute the piece of land for the construction site, preferred the new university campus rather than a hospital. This would give prestige and contribute to the long-term development of Loyka by training future professionals. Another advantage of the government influence is that it might attract private capital for future public-private partnerships in research and development.

Setting up in a particular location is an important decision, businesses are likely to stay there for a period of time and relocation is expensive.

General Pierce and the local governor might want to evaluate all the advantages and disadvantages building a university might bring.

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 '''Operations Management'''
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+== Analyze how will government influence affect Loyka's decision of choosing location. (Unit 93) ==
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+Choosing a suitable place to '''locate''' a business is an important decision for a business when setting up. A factor that affects location is the <u>government influence</u>. The main reasons for government intervention in business location are to encourage firms to locate their operations in regions where unemployment is high and business activity is lacking and to attract foreign businesses to the area.
+*In this case, Colonel Donovan and General Pierce needed to decide whether to construct a hospital or a university. However, the local governor, who agreed to contribute the piece of land for the construction site, preferred the new university campus rather than a hospital. This would give prestige and contribute to the long-term development of Loyka by training future professionals. Another advantage of the government influence is that it might attract private capital for future public-private partnerships in research and development.
+Setting up in a particular location is an important decision, businesses are likely to stay there for a period of time and relocation is expensive.
+*General Pierce and the local governor might want to evaluate all the advantages and disadvantages building a university might bring.
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