During a recession, efficient firms often have an opportunity to increase market share while maintaining profitability.

What is your Instructor’s first name?

A company wants to forecast demand using the simple moving average. The company uses four positive prior yearly (2014, 2015, 2016 and 2017) sales values. All yearly sales figures are unique (no repetitions). Which of the following is most accurate about the moving average forecast for year 2018?Has to be smaller than at least one of the four yearly sales figures.Has to be larger than at least one of the four yearly sales figures.Has to be between the smallest and largest yearly sales figures.Has to greater than all four yearly sales figures.

Which of the following forecasting methods is considered a causal forecasting technique?

Our case study friend Mr. Black’s company will have to undergo some changes to get back on track.  Your text discusses three types of change leadership strategies.  Define each and using examples from the case, show how Mr. Black’s actions might look using each change leadership strategy.  (10 marks)

Company President Angus Black stated this week in The Edmonton Journal that the beef sausage-making company created by his grandfather “has not lived up to the high standards we set for ourselves.” He also acknowledged that rapid globalization and lack of manufacturing quality control, especially in certain processing plant locations, has weakened the company’s capacity to respond to complaints and manufacturing safety information. He noted that when European production problems with the new WEENIE-3000 series of sausage making equipment were discovered and repaired, the company did not alert its North American counterparts who also use the same equipment. “We failed to connect the dots,” he wrote. Secrecy and scapegoating have worsened Pure Prairie Sausages’ troubles. The company relies on European grocery store chains for most of its profit and nearly all its growth, yet decision-making remains centralized in Canada, where top executives have been slow to reveal quality and safety problems that have led to sausage recalls and bans in Europe.  How did Pure Prairie Sausages lose its way? The core reason, according to a number of sausage industry experts, is that the sausage-maker outgrew its human expertise. “Pure Prairie Sausages cannot develop production experts and sausage industry management experts as fast as they can start up new production facilities,” said Dr. Simmental Shorthorn, a professor of food processing management at the University of Alberta and author of three books on Pure Prairie Sausages’’ sausage dynasty. “Pure Prairie Sausages’ industry expertise is being stretched too thinly and is creating more opportunity for errors in processing and management.” Before the avalanche of growth, Pure Prairie Sausages took about five years to train first-class production and sausage industry management experts in Pure Prairie Sausages’ specific processing needs, Shorthorn said. These production and sausage-making experts had time to absorb company values and practices that gave them an intuitive feel for weighing quality demands against cost concerns.  These included how to negotiate with suppliers on cost without getting inferior ingredients, and how to deal with Pure Prairie Sausages’ very specialized sausage-making machinery, said Dr. Lulu Lacombe, a professor of food economics at the University of Calgary and an expert on global sausage manufacturing. “So much of what made the company work well was that each manager was trained personally by a mentor who had long experience with the company,” she said. “When the fast expansion came, Pure Prairie Sausages was very short of senior production managers and sausage-making experts who were ready to become mentors. My sense is that decisions were made more on numbers, without understanding fully the long-term impact those decisions would have on the company.” Identify two possible organizational structures from your text that Pure Prairie Sausages could use and list one important advantage and one important disadvantage for each kind of organizational structure.  Use examples from the case study to prove your statements.  (10 marks)

Phagocytosis and pinocytosis are examples of exocytosis.

Inferior means toward the dorsal side

………….., plays important role in cell division.

Using this image, match the following. A and C are………… Picture1 – Copy.jpg