Problem:
As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity using the following costs:
labor $8 per hour;
capital .83% per month of investment;
energy $.60 per BTU.
| Average Month |
|
Last Year |
This Year |
| Production (dozen) |
1,500 |
1,500 |
| Labor (hours) |
350 |
325 |
| Capital investment ($) |
15,000 |
18,000 |
| Energy (BTU) |
3,000 |
2,750 |
Required:
Does Boeing practice a multinational operations strategy, a global operations strategy, or a transnational operations strategy? Support your choice with specific references to Boeing's operations and the characteristics of each type of organization.
Solve the problem and show all work.