Current:Home > ScamsMBA 6: Operations and 25,000 roses-DB Wealth Institute B2 Reviews & Ratings
MBA 6: Operations and 25,000 roses
how to verify account on lotradecoin View Date:2024-12-25 15:55:26
"It's difficult to control everything," says our guest professor for this week, Santiago Gallino. "What is not difficult is to plan for everything." Today we venture into the sphere of business that masters the planning, and backup planning: operations management.
It's more than just predicting a bottleneck and imagining a solution, because there's always a bottleneck to clear. It's about modeling, and weighing the costs of messing up vs. missing out. For instance, take a newspaper vendor who has to decide how many newspapers to sell tomorrow morning. Do they buy fewer, knowing that they'll sell out–and then miss out on potential revenue from papers not sold? Or do they order more than they expect to sell, just in case–and eat the cost of a few unsold papers? This type of trade-off applies to all kinds of businesses, and Gallino talks us through how to choose.
The only certainty in this life is uncertainty. But we are certain you will come out of this episode feeling better prepared for your future business. And fortunately, there are no bottlenecks in podcasting.
The series is hosted by Robert Smith and produced by Max Freedman. Our project manager is Julia Carney. This episode was edited by Alex Goldmark and engineered by James Willetts. The show is fact-checked by Sierra Juarez.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: Universal Production Music - "Lost Situation," "Vision," "Pyramid Thoughts," "Wandering Around," and "Growling Sax Surf"; Audio Network - "Reflected Colours" and "Sweet Valentine."
veryGood! (968)
Related
- Demi Lovato opens up about how 'daddy issues' led her to chase child stardom, success
- Premier League has its first female referee as Rebecca Welch handles Fulham-Burnley
- Which restaurants are open Christmas Eve? Hours, status of Starbucks, McDonald's, more
- Ryan Minor, former Oklahoma Sooners two-sport star, dies after battle with colon cancer
- Hideki Matsuyama will be without regular caddie, coach after their passports and visas were stolen
- Why the Grisly Murder of Laci Peterson Is Still So Haunting
- British Teen Alex Batty Breaks His Silence After Disappearing for 6 Years
- Dunk these! New year brings trio of new Oreos: Gluten-free, Black and White, and new Cakester
- Family of man killed by Connecticut police officer files lawsuit, seeks federal probe of department
- British Teen Alex Batty Breaks His Silence After Disappearing for 6 Years
Ranking
- Efforts to return remains, artifacts to US tribes get $3 million in funding
- In Mexico, piñatas are not just child’s play. They’re a 400-year-old tradition
- Biden signs executive order targeting financial facilitators of Russian defense industry
- San Francisco jury finds homeless man not guilty in beating of businessman left with brain injury
- Stuffed or real? Photos show groundhog stuck inside claw machine
- Patrick Mahomes says Chiefs joked with Travis Kelce, but Taylor Swift is now 'part of the team'
- A pro-peace Russian presidential hopeful is blocked by the election commission
- Minor earthquakes rattle Hawaii’s Big Island, Puget Sound area, with no damage reported
Recommendation
-
Alabama lawyer accused of sexually assaulting handcuffed inmate, lawsuit says
-
Fact-checking 'The Iron Claw': What's real (and what's not) in Zac Efron's wrestling movie
-
Why UAW's push to organize workers at nonunion carmakers faces a steep climb
-
Wayfair CEO's holiday message to employees: Work harder
-
Walmart boosts its outlook for 2024 with bargains proving a powerful lure for the inflation weary
-
Stranded traveler rescued from site near Iceland's erupting volcano after using flashlight to signal SOS
-
As conflicts rage abroad, a fractured Congress tries to rally support for historic global challenges
-
Laura Lynch, founding member of The Chicks, dies at 65 in Texas car crash