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Dr Ogunseyin
United Kingdom
Приєднався 17 жов 2012
1 4: Economic Systems
🌍 Explore the world of economic systems! From government control 🏛️ to free-market dynamics 📈, learn how societies decide what, how, and for whom to produce goods and services. Discover Communism 🚩, Socialism 🌐, Mixed Economy 🔄, Regulated Capitalism 📝, and Laissez-Faire Capitalism 🌍 in this fascinating journey through economics! 📺 #EconomicSystems #LearnEconomics
Quiz Answers:
Which economic system involves significant government control and ownership of key industries?
Answer: (B) Socialism
In which economic system do market forces largely determine economic decisions?
Answer: (C) Laissez-Faire Capitalism
Which economic system aims to balance government intervention with market efficiency?
Answer: (C) Regulated Capitalism
What is a key feature of a Mixed Economy?
Answer: (C) Combination of private enterprise and state involvement
Quiz Answers:
Which economic system involves significant government control and ownership of key industries?
Answer: (B) Socialism
In which economic system do market forces largely determine economic decisions?
Answer: (C) Laissez-Faire Capitalism
Which economic system aims to balance government intervention with market efficiency?
Answer: (C) Regulated Capitalism
What is a key feature of a Mixed Economy?
Answer: (C) Combination of private enterprise and state involvement
Переглядів: 54
Відео
1.3: The Problems of An Economy
Переглядів 285 місяців тому
🌟 Welcome to another instalment of our economic series! 🌟 In this episode, we examined the central economic problems that form the foundation of every economic system. We explored the three fundamental economic questions: what to produce, how to produce it, and for whom to produce it. 🏭📈 Understanding these questions is crucial for grasping the intricacies of resource allocation and economic de...
1.2: The Production Possibility Curve
Переглядів 215 місяців тому
Welcome back to our economics journey! In this episode, we will examine the production possibility curve-a useful tool for understanding how societies manage their scarce resources. We'll break down key concepts like scarcity, efficiency, and what causes the curve to shift. Whether you're a student or just curious about economics, this video is for you. Don't forget to hit like, leave a comment...
1.1: Basic Economic Concepts
Переглядів 1366 місяців тому
Join us in our latest video as we delve into the fundamental principles of economics. In this episode, we explain the economic concepts, including needs, wants, scarcity, and opportunity cost, through a captivating narrative featuring the legendary figure, Abraham Lincoln. Discover how the simple yet profound anecdote of Abraham Lincoln and the three walnuts encapsulates the essence of economic...
1.0: An Introduction to Economics
Переглядів 837 місяців тому
Welcome to our introductory video on economics! In this engaging and informative session, we will examine the fundamental concepts that shape our understanding of the term ‘economics’. 🤓💡 Join us as we explore: 🌟 The Wealth of Nations: From Adam Smith's pioneering insights to modern economic thought, we uncover the evolution of economic theory and its impact on society. 💼 Defining Economics: Di...
Porter's Value Chain
Переглядів 2328 місяців тому
🚀 Explore the essence of business strategy with our deep dive into Porter's Value Chain! 💼 Developed by Michael Porter, this framework is essential for understanding how businesses create value and gain a competitive edge. 📈 Join us as we dissect the Value Chain. 💡 Dive into the heart of strategic management with us! 🔍
Stakeholder Theory
Переглядів 6 тис.8 місяців тому
Watch this micro lecture on stakeholder theory. The objective of the video here is to summarise key ideas of the stakeholder theoretical approach to understanding corporate governance. With useful visual aids, the video then introduces and explains the three main streams of research regarding stakeholder theory. These are the normative stakeholder theory, descriptive stakeholder theory, and ins...
Capacity Management (No Background Music)
Переглядів 34710 місяців тому
In this video, we will discuss the topic, capacity management which is an aspect of operations planning. Capacity management is an important topic to consider if an operation is to deliver its goods and services to the final consumer or meet demand. In this video, we will define what we mean by capacity and the methods used by organisations to manage their capacity when forecasting demand.
Queuing Theory (No Background Music)
Переглядів 36910 місяців тому
Queuing theory focuses on the demand side of planning and control of operations and supply chain management. It uses mathematical analyses of queues and waiting times in stochastic systems. Queuing theory could also be used to analyse production and service processes exhibiting random variability in market demand (arrival times) and service times. This video provides a basic introduction to que...
Forecasting: Exponential Smoothing
Переглядів 35011 місяців тому
📈 Learn more about forecasting in operations and supply chain management with our latest video on Exponential Smoothing! 🚀 In this insightful tutorial, we delve into the world of Exponential Smoothing, a robust forecasting tool that can revolutionize your approach to demand planning. Whether you're a seasoned professional or just getting started in the field, understanding how to wield this too...
Forecasting: Weighted Moving Averages
Переглядів 36411 місяців тому
Welcome to our comprehensive video series on forecasting in supply chain management! In this series, we dive into the art of forecasting with a particular focus on two powerful techniques: Simple Moving Averages (SMA) and Weighted Moving Averages (WMA). In the first part, we explore Simple Moving Averages and provide a step-by-step guide on how to calculate them. You'll learn how SMAs can help ...
Forecasting: Simple Moving Averages
Переглядів 1,4 тис.Рік тому
Welcome to our latest video on forecasting using moving averages in operations and supply chain management! 📈 In this video, we examine simple moving averages, exploring their versatility and examples of real-life applications. The main points considered are: 👉 What Are Moving Averages? Discover how moving averages help smooth out data, identify trends, and make predictions. 📊 Types of Moving A...
Forecasting in Operations & Supply Chain Management
Переглядів 954Рік тому
🔮 You will be introduced to forecasting in operations and supply chain management with our latest video! In this video, we'll cover: 📈 The importance of forecasting in decision-making. 📊 Different forecasting methods and when to use them. Don't miss out on this opportunity to level up your forecasting game by hitting the "Subscribe" button and turning on notifications to stay updated on our lat...
Transaction Cost Theory
Переглядів 13 тис.Рік тому
This video explains the transaction cost theory and the corporate governance perspective. Transaction cost theory in corporate governance explains how the costs involved in conducting economic transactions influence governance structures and decision-making. It focuses on reducing these costs to enhance efficiency and optimize organizational performance. The theory examines information asymmetr...
Supply Chain Logistics 2
Переглядів 370Рік тому
🚚 Welcome to our UA-cam video on Logistics Management and its Efficient Approaches! 📦 In this informative video, we'll delve into the principles of logistics management, exploring how it ensures the seamless flow of goods and services within the supply chain. Discover the key principles, including optimized inventory, streamlined transportation, cost minimization, enhanced customer satisfaction...
Sourcing & Procurement in Operatons and Supply Chain Management
Переглядів 31 тис.Рік тому
Sourcing & Procurement in Operatons and Supply Chain Management
Introduction Project Management [No Background Music]
Переглядів 220Рік тому
Introduction Project Management [No Background Music]
Project Network Analysis [No Background Music]
Переглядів 137Рік тому
Project Network Analysis [No Background Music]
Mendelow's Stakeholder Management [No Background Music]
Переглядів 302Рік тому
Mendelow's Stakeholder Management [No Background Music]
Resource Dependence Theory (No Background Music)
Переглядів 4,2 тис.Рік тому
Resource Dependence Theory (No Background Music)
Stewardship Theory (No Background Music)
Переглядів 1,5 тис.Рік тому
Stewardship Theory (No Background Music)
What is Corporate Governance (No Backgroound Music)
Переглядів 473Рік тому
What is Corporate Governance (No Backgroound Music)
Это роботизированный голос слушать невозможно 😭😭 Хочется читать субтитры, иначе сложно воспринимать информацию
Great ❤ Use writing hand on the slide.not the behind of the board. Otherwise I can see the things after finish the writing. Then you are talking about the next thing.
thank you for this HEHEHE its really a big help in my report.
This is brilliant! It is a good summary of process design. Well done.
Bro the discord sound
I think this video introduces good!❤
Thank you for this video , its very easy to follow you made a very good job with the digital presentation .
Very good video . Thank you for sharing Sir.
I'm bored after hearing your video background music 😄
So sorry. There is a no background music version in the description.
@@DrOgunseyin3940 no problem
Thank you
Thanks so much Sir, so educative, am just a new subscriber. I want to start Sourcing and procurement for my company and need every knowledge about it
Please Dr. How can we communicate better?
What could go wrong with a business if it doesn't have any Operations Strategy? The best way to learn and understand something properly is to ask stupid questions. Thank you!
Everything! It's like jumping into the pool and not knowing how to swim! For example, without an operation strategy, a business can become inefficient and disorganized, leading to wasted resources and higher costs. It may struggle to maintain consistent quality, resulting in customer dissatisfaction and a damaged reputation. Poor coordination among departments can cause miscommunication and redundant efforts. Additionally, the business may find it hard to scale operations effectively, face financial instability, and have trouble adhering to regulatory requirements, which can lead to legal issues. Overall, the lack of a clear operational plan can significantly hinder a company's ability to compete and succeed in the market.
Hello Procurement Specialist, The Strategic Sourcing and Procurement is a vital component that entrust to obtain goods or services for organization. Hence, a comprehensive report must be conducted that encompassess the price, quality, quantity and the availability of needed product. From there the director will conduct the selection of vendors that are suitable and fits the all the elements needed. Sincerely HELMI LOGISTICS & PROCUREMENT EXPERT
very helpful, thanks
*Promo SM* ☺️
Awesome video! Thank you and God bless!
Thanks a lot for so simple explanation
Very simple and apt explanation of the theory, thank you soo much!!
Awesome. No simpler way to illustrate this subject.
Fantastic lesson ❤ u got me hooked
I really enjoyed the video and hopefully, i will get good marks as i will be sitting for mid-term test tomorrow afternoon.
Very insightful ❤
The music makes me sleepy.
Sorry bud!😁
@@DrOgunseyin3940 It's still very informative though, and the content is helpful.
@@OrlandoLuisdeLeon Thank you, you are ever so kind. But you were correct though as this has been raised by other viewers. This is one of my earlier ones. My recent videos have addressed this issue. Thank you and I do appreciate the honest and constructive feedback.☺️
content was great
Just outstanding
EFFECTIVE, INFORMATIVE! Short videos but very effective. please share more on Operation Strategy in Operations Management
This type of demonstration takes learning to a higher level, thank you.
Your videos helps me a lot!
I am so grateful for your feedback and donation. Thanks so much. Would you like me to focus on a topic of your choice for the next upload? Please let me know, and I can prioritise this if it is within my expertise. Thanks once again! Please accept my best wishes!
@@DrOgunseyin3940 I would love some videos about Macroeconomics in the future, if that is something you have knowledge in. Cheers!
Great video. You missed an E in the title. Forecasting, not forcasting. Cheers
Thanks so much! We spotted! ☺️ Has now been amended 😁👍
No subtitles in this video? I really liked those
So sorry about that mate. Had to take it down as a few complained about it messing with the video real estate. As UA-cam has its own auto subtitles, I conceded. 🙏
Please remove the background music
Will do mate and will upload an alternative version.
@@DrOgunseyin3940 Awesome, thanks!
The no background music version:👇 ua-cam.com/video/JF8-Ha2APyA/v-deo.html
@@DrOgunseyin3940 Awesome, thank you very much!
You are most welcome my friend 😊. I get the other one sorted for you too. 👍
thank you
Great information. Thanks.
Great 👍
Thanks. Well explained concepts!
What about Yield management?
Noted! Your request allows us to create and upload relevant videos for our audiences. Thanks for this
What about the 3 Capacity strategies?
These have been referred to as methods of managing capacity in the video. They are the same as capacity strategies i.e. level, chase demand (match), and demend management. Please, refer to the 9:24 point of the video.
Thanks Dr.
Wow! That was fast! 😳 Thank you my friend ☺️
Was really helpful
How did u calculate 200 hours as actual capacity?
Actual capacity is already the question/known (i.e. actual worked hours, which is 200).
Really excellent info thank you
Great thanks Dr
Insightful
Superb video
Thank you for the lessonm, highly appreciated😁✌💜
Thank you for the lesson man highlyappreciated😁✌💜