Republic of the Philippines

UNIVERSITY OF NORTHERN PHILIPPINES

Tamag, Vigan City
2700 Ilocos Sur

Operations Management and Total Quality Management

Activity #3:

1. In your own understanding, explain the statement “Spending too much time on
industry analysis can also subject the business owner to paralysis of analysis”. (10pts)
- My own understanding to “spending too much time on industry analysis can
also subject the business owner to paralysis analysis” is when you got stock on
planning and making strategies to beat the other companies and you’re not
contented about it. Making you to think and think about your plans and
strategies to your business, causing you to paralysis analysis. A lot of what ifs
and negative thoughts might happen which is not safe in business, it may also
lead to failing and unsuccessful plan.

NOTE: IN YOUR OWN WORDS, AS POSSIBLE. Do not copy/paste ideas from the
Google. If an action is caught, it will suffer due to consequences. Strictly follow
instructions.