Need help with the following questions. Answers should be brief and no more than one paragraph. Some of the questions ask you to view a video - which I have placed the video link next to.
1. Please explain in laymen's terms: efficiency vs. effectiveness
2. One of the pillars of lean operations is to eliminate waste in all forms. Give a few examples of such waste in your study to get a degree and how you eliminate waste in your pursuit.
3. List five things you learned/observed in the Boeing 737 video. https://www.youtube.com/watch?
4. Watch the AA Cost Cutting interview. Does it make sense for a CEO of a multi-billion dollar company to tell this story? How does he compare to Bigfoot (in the beginning of the quarter)? https://www.youtube.com/watch?
5. So the guy removed snow from a wrong car. So what? Was he efficient, effective, neither, or both? How can he avoid making the same mistake in the future? https://www.youtube.com/watch?
6. What's the purpose for the Chinese to build so fast? Comment from the perspectives of supply chain, product design, productivity, inventory, lead time, quality, etc. Give pros and cons of their method. https://www.youtube.com/watch?