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Essay / Research Paper Abstract
This 4 page paper explores the relation of business dynamics to the scope of operations at Thingamajob. Bibliography lists 6 sources.
Page Count:
4 pages (~225 words per page)
File: D0_HVThinga.rtf
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Unformatted sample text from the term paper:
operations at Thingamajob. Business Dynamics The first step is to define business dynamics, an almost impossible task. Most references are simply to sites and organizations that deal in helping businesses
improve their performance; however, amongst all the chaff it became clear that to many sources, business dynamics is synonymous with "systems dynamics." Using that, we find a useful definition: "...
systems dynamics describes how the system state evolves over time. Systemwide factors are often not included in traditional analyses" (Gupta, 2006). Gupta gives an example of the way systems dynamics
works. A company is trying to decide how much inventory to maintain in a single location and it knows how long it takes to get replacements (Gupta, 2006). If the
company uses the traditional approach it will consider such variables as the cost of ordering, the cost of keeping inventory on hand, and the consequences of shortage to decide how
much stock it should maintain (Gupta, 2006). This method however "ignores demand forecasting, opportunities to affect variability, and other factors. Systems thinking will consider the trade-offs among spending more time
or effort in managing inventory" and many other factors (Gupta, 2006). This approach may lead to eliminating the location entirely (Gupta, 2006). What does this mean to a site like
Thingamajob? Thingamajob Thingamajob is different from other on-line job services like CareerBuilder and Monster.com because employers who come to the site dont hire employees directly, but do so through the
Allegis group, which is the agency that "digs up" the jobs that are listed on the site: "Allegis has a sales force that reaches out to employers to dig up
exclusive job posting. Those openings - many of which are with Fortune 1000 firms - are listed on Thingamajob.com, where theyre seen by registered Allegis job seekers" (Quinton, 2006). Allegis,
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