Homework: Resource/Profit Model paper
Length: 10 pages.
Consider and identify a good or service to which you are familiar. This could be a good or service that the company, which you are employed, offers or a good or service another organization offers.
Conduct research to locate information on the Resource Profit Model (RPM), created by Byron J. Finch. The RPM is a framework that illustrates important elements of Operations Management. Within this model, there are three primary components, to consider: Foundational Success, Components of Value, and Managing Resources to Create Value.
You are tasked with the responsibility of using these three components as a guide to complete this homework. Listing these three above components as subtitles will help aide you in this effort.
In the Foundational Success section, be sure to address
o profitability,
o strategy,
o and value.
In the Components of Value section, you will need to address the determination of
o cost,
o quality,
o and timeliness.
In the Managing Resources to Create Value section, you will discuss how the resources add value to the products or services.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.