Exam 4: Building Competitive Advantage Through Functional-Level Strategy

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Just-in-time inventory systems

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C

Which of the following is not one of the principles commonly found in companies that have successfully embraced the TQM philosophy?

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E

The law of economies of scale suggests that unit costs continue to fall indefinitely as output volume increases.

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Formulating a plan to close the quality gap

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Six Sigma is a quality and efficiency program derived from the concept of Total Quality Management,and was widely used in Japan before acceptance in the U.S.

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Effective employee training within an organization

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Although important,innovation plays a minor role in achieving competitive advantage.

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Quality improvement efforts should focus on the

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Economies of scale are

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____ refers to unit cost increases associated with a large scale of output.

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No matter how complex the task is,learning effects typically die out after a limited period of time.

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One of Otis Elevator's strengths is the ability to continue to improve employee productivity.

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Quality circles are a valuable tool for TQM because they

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Materials management encompasses the activities necessary to get inputs and components to a production facility,through the production process,and out through a distribution system to the end user.

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Top management should take primary responsibility for establishing measures of quality.

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Flexible manufacturing technologies allow companies to

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The role played by infrastructure leadership in implementing reliability methodologies includes which of the following?

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Poor commercialization occurs when there is definite customer demand for a new product,but the product is not well adapted to customer needs because of factors such as poor design and poor quality.

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Pretend that you are a consultant,offering advice to a large manufacturing firm about ways to increase its distinctive competency in innovation.What suggestions would you offer? Be specific and detailed in your answer.

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Distinctive competencies shape the functional-level strategies that a company can pursue.

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