Exam 2: Competitiveness, Strategy, and Productivity

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Traditional strategies of business organizations have tended to emphasize cost minimization or product differentiation.

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True

Years ago in the overnight delivery business, providing package tracking capability gave some firms a competitive advantage.Now, all firms must offer this capability simply to be in this line of business.This is an example of ______________ becoming ____________ over time.

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C

Improving efficiency will guarantee a similar improvement in productivity.

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False

A characteristic that was once an order winner may become an order qualifier, and vice versa.

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The Balanced Scorecard is an attractive tool to use in the formation of strategy.

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Which of the following is not a reason for poor performance of our organization in the marketplace?

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Productivity is expressed as:

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Environmental scanning is a search for events or trends that present either threats or opportunities to the organization.

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A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate more _____________ than a firm pursuing a strategy based on low-cost and high-volume.

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If people would only work harder, productivity would increase.

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Which of the following is considered to be a cause of poor U.S.global competitiveness?

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Unique attributes of firms that give them a competitive edge are called ______________.

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Services often don't fit simple yield measurements.

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Tracking productivity measures over time enables managers to judge organizational performance and decide where improvements are needed.

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Scheduling personnel is an example of an operations management:

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A mission statement should provide a guide for the formulation of strategies for the organization.

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National productivity is determined by averaging the productivity measures of various companies or industries.

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The majority of our textbook deals with tactical operations that support established functional strategies.

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In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per 5-day week.What is the labor productivity of this operation?

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Global competition really only applies to multi-national organizations.

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