Publications by Chris West
Best practice 6
Chapter Openning Questions A manager needs to develop an early warning system that includes: Macroeconomic warning signals End-user information Customer sales forecast Critical costs Summary Managing through the Business Cycle Steps Description macroeconomic warning signals The early warning system should include indicators for the overall ec...
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Real world applications 6
Survey of Professional Forecasters The author writes on page 31: "At the beginning of 2001, the economy was not in recession. The fourth quarter of 2000 data had not been released but would, in time, show that the economy had grown by 2.2 percent in twelve months. Forecasters were nervous, however. The consensus forecast published by the Federal ...
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Best practice 7
Chater Openning Questions A manager needs to know the first steps through the business cycle. The first step is when managers assess the companies vulnerability to a upcoming recession. The second step is that managers must Prepare a contingency plan in case of a recession. The third step is to build flexibility into your company, which will impr...
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Real world applications 7
Evaluate your client company’s contingency plan Read your client company’s response, see whether it is consistent with lessons we learned in chapter seven and whether you can improve it by applying this week’s lessons. Elaborate at least in 200 words and cite the lessons from the Best Practices 7 assignment. My client companies contingency ...
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Best practice 8
Chater Openning Questions A manager needs to: A manager needs to know when their company is in a foreign market, and they must know the differences between the foreign market and our market. They must also focus on the business cycles in other countries, and determine the similarities and differences from the United States market and the foreign ...
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Real world applications 8
None of our client companies operate in a foreign country. They don’t sell into a foreign market. Nor do they manufacture in a foreign market. So we will use a hypothetical manufacturing company, Daewoo, for the assignment. Daewoo is an American automobile manufacturing company that makes cars in the U.S. and sells in the U.K. market. Assume th...
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Best practice 9
Chapter Opening Questions A business manager, to assess the risk of a regional recession, needs to monitor How similar our region is compared to the national economic cycle. Summary Although a regional economic cycle is not perfectly synchronized with its national counterpart, it tends to move up and down with the national economy. In addition t...
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Real world applications 9
Economic Dashboard Location Quotient https://www.analyticsforeconomics.com/ Your interpretation Examine the chart above and answer the following questions in at least 200 words. What is the status of New Hampshire’s economy now? Is it in a recession? Is a recession around the corner? How similar is New Hampshire’s economy to its U.S. count...
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Best practice 10
Chapter Opening Questions A business manager in a capital-intensive industry needs to monitor its own industry cycles because they routinely experience (). Summary Why capital-intensive industries are different Elements that make capital-intensive industries prone to overbuilding: high overhead long lead time to put new capacity in place low r...
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Real world applications 10
Assume Daewoo, a hypothetical oil extraction company, has the following cost structure. It spends: • $40/barrel on labor costs, raw materials, energy, and • $35/barrel on interest, depreciation, insurance, and administrative staff expense. Read the textbook carefully, and answer the following questions. A recession hits, the market price of ...
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