Locate a local business manager and discuss the value of location to their business
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CO1. Identify business problems that can be characterized as mathematical programming problems.
CO2. Use operations research and management science techniques to solve a variety of business problems.
CO3. Analyze management problems.
CO4. Evaluate the role of decision making models and tools in resolving these problems
CO5. Apply decision making techniques, concepts and methods.
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Your lesson this week takes you into the world of how and where to locate a business. Your assignment is to locate a local business manager who will discuss with you the value of location to their business. A good place to start is with businesses you frequent such as Doctors, Dentists, Insurance agents, retail outlets, local restaurants, or possibly your HVAC service manager. You will need to prepare a questionnaire with open-ended questions that solicit responses beyond yes or no. Another good place to start is with how to conduct an interview and a few YouTube resources are hyperlinked below that may help you with your questionnaire. Focus on answering the following questions as part of your questionnaire:
- The type of business and it’s products or services, the location (or locations) of the business and how long the business has been in existence?
- How has the current business location helped or hindered the organization’s business?
- f the owner had it to do over again, where would he locate his business?
- If the business needed a new or possibly a second location, what factors would the manager you are interviewing consider important in finding that location?
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