WeWork

This article dealt with a company named as WeWork which is putting every effort in order to enhance their performance. The two main issues addressed in this case were

  • No Innovation in the Business Model – Just More Risk
  • Massive Recession Risk
  • Rapid Growth Not Delivering Profits
  • Corporate Governance Is Almost Nonexistent
  • Sunk Cost or Corporate Rescue

The approach of production management offers a highly effectual methodology for process innovation in many international companies. The author’s standpoint in this article is to establish a framework for the successful implementation of the business approach.

According to the article, process and manufacturing industry has been using varied technological and innovative methods to improve their competitiveness. Because of the aforementioned reasons, the company has been suffering losses and there is a requirement of value-adding processes required for the work take place where total production costs can be cut to a minimum level even when some non- value adding activities also coincide. Summarizing key facts, the approach requires a fundamental idea of the business management system with continuous improvement in its concepts.

Founded on this literature review, the author has conducted an exploratory case study to explore more about the approach. The writers have insights the method of application of systematic improvement methods in such an organizational context. Innovation is becoming critical for the organizations to sustain long and stay competitive in the industry. The case study method of research has been utilized by the author to form strong points of the research.

However, in the past the company went through a rough and unexpected patch stating that the operations management of the organization was complex and top-heavy. Market share of the organization got hurt pushing up its costs and this slowed down decision-making process of bureaucrats. Subsequently, the company decided to introduce a new quality management system in its operations defining all processes of manufacturing.

The author has used four method of data collection starting with direct observation of the data, participative observation, documentary analysis, and semi-structured interviews. The article is very useful for the manufacturing companies. It helps businesses with the capability of understanding the ongoing internal business activities with a graphical notation and also gives them the capability to communicate these procedures in a standardized manner. Moreover additive manufacturing has made the things more effective and cheaper. All this is prepared to augment project superiority plus efficiency.

The author has also mentioned major implications of the research and stated that the developed framework facilitated the organization to form and integrate a single method for the complete innovation in the unit. It can be concluded that there exists a link between the innovation process and method used by the business organization. The article subject and content is good and can be used as an extension for the prospective works. As the article says lots of positive aspects of the approach, this can be further used as a basis of literature review of similar sorts of research works. As a customer point of view, all these actions have no meaning. All these operational activities cause waste and interrupt the process flow. The authors have conducted the process analysis for the cutting department of the company.

In this way, according to authors, improved system assisted in enhancing the production system in a highly efficient way. Here in this case, construction of two windows improved the whole process giving rise in productivity and reduction in the cost of product. The article is very well conceptualized and is very helpful in understanding the role played by lean manufacturing techniques in the industry. This article explains the ways in which application of Kaizen methods improved many industries around the world. Kaizen is a management philosophy of Japan geared towards the improvement of workplace along with employees and management. The authors have explored the application of these methods in construction firms. The article is very useful to further elaborate the results and applications of method.

Customers today have become more demanding than earlier and there has been a constant requirement of delivery time, quality, and feedback by the customers which has led to increased cost pressure on the business organizations. It is applicable in every business industry these days and construction industry is no exception for this. In construction sector, project teams and construction firms are similar cost pressures. The section commences with an analysis of Theoretical assumptions, the process of organization development, and the steps to be followed in this research. An outline of the preceding studies on the researches that has been done in organizational development practices is also conferred. As a final point, a conceptual framework is presented to show the relationship between the key assumptions.

Next, methodologically speaking, as action research gives priority to finding solutions to a specific problem in certain situations, the validity of common opinion does not pose a problem for the time being. This assumption also applies to this research. Therefore, the aim of this research is not generalization. It is soley based on finding an appropriate solution to the organization chosen for study. Authors have used interviews as the main method of data collection to examine the perceptions on all the selected building projects. These interviews were semi-structured in nature with major focus on continuous improvement and perceptions of kaizen method. It was followed by the details of ways in which kaizen activities were implemented in the organization and challenges faced during the process of implementation of kaizen (Pheng &Shang, 2013). The practice is based on real-life experience which affects the organizational culture in numerous ways. All through the research, more emphasis is placed on providing a vibrant description of the state of affairs, without making any prior conclusions. It will help in an attempt to formulate any sort of biasing in the judgment or conclusion of the research. So, there is flexibility in the research which can be explored further as well.

An example of direct effects would be the improvement of work efficiency and comfort in the workplace. Again, examples of indirect effect would be business efficiency, prevention of defects, improvement of workplace safety and improvement of the determination of the employees. Adjustment as well as moving on in an organized way, understanding the work environment becomes easier and the problems, which engage the workplace, can be actualized. Solving these problems is linked to business efficiency, prevention of defects, and improvement of workplace safety. Finally, in the process of problem solving, it is aimed to improve the determination as well as the discipline of the employees. The authors have identified considerable challenges in the implementation of kaizen activities in the organizational context. These challenges comprised of lack of a supporting culture in the organizations for the successful implementation of kaizen activities.

In the result section of the articles, the authors have highlighted some key strategies to be used by firm to successfully implement activities in their business operations. Organizations must also focus on improving standardization processes followed by taking advantage of learning points. Some other strategies consisted of making required resources available for the workforce followed by education and training sessions. Moreover, kaizen must be considered as a rewarding activity for both the employees and the management of the company. This paper finally recommends that more future research works must be conducted to describe and analyze a case study of implementation process of kaizen strategies in the construction industry of China. Consequently, conclusions will be arrived at which can serve up as the initial spot for upcoming research in this potentially momentous area. This business concern requires that firms recurrently assess their internal procedures and capabilities if they are to stay competitive.

Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Accounting and Finance Assignment Help

Get It Done! Today

Applicable Time Zone is AEST [Sydney, NSW] (GMT+11)
Not Specific >5000
  • 1,212,718Orders

  • 4.9/5Rating

  • 5,063Experts

"

5 Stars to their Experts for my Assignment Assistance.

There experts have good understanding and knowledge of university guidelines. So, its better if you take their Assistance rather than doing the assignments on your own.

What you will benefit from their service -

I saved my Time (which I utilized for my exam studies) & Money, and my grades were HD (better than my last assignments done by me)

What you will lose using this service -

Absolutely nothing.

Unfortunately, i had only 36 hours to complete my assignment when I realized that it's better to focus on exams and pass this to some experts, and then I came across this website.

Kudos Guys!

Jacob

"

Highlights

  • 21 Step Quality Check
  • 2000+ Ph.D Experts
  • Live Expert Sessions
  • Dedicated App
  • Earn while you Learn with us
  • Confidentiality Agreement
  • Money Back Guarantee
  • Customer Feedback

Just Pay for your Assignment

  • Turnitin Report

    $10.00
  • Proofreading and Editing

    $9.00Per Page
  • Consultation with Expert

    $35.00Per Hour
  • Live Session 1-on-1

    $40.00Per 30 min.
  • Quality Check

    $25.00
  • Total

    Free
  • Let's Start

Get
500 Words Free
on your assignment today

Browse across 1 Million Assignment Samples for Free

Explore MASS
Order Now

Request Callback

Tap to ChatGet instant assignment help

Get 500 Words FREE
Ask your Question
Need Assistance on your
existing assignment order?