Exam 9: Value-Chain Management: Functional Strategies for Competitive Advantage

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

What is the key to creating successful cross-functional teams?

Free
(Essay)
4.8/5
(32)
Correct Answer:
Verified

If a cross-functional team is to succeed,it must have the right kind of leadership and it must be managed effectively.To be successful,a product development team needs a team leader who can rise above a functional background and take a cross-functional view.In addition to having effective leadership,successful cross-functional product development teams have several other key characteristics.Often core members of successful teams are located close to one another,in the same office space,to foster a sense of shared mission and commitment to a development program.Successful teams develop a clear sense of their objectives and how they will be achieved,the purpose again being to create a sense of shared mission.

Dan,the president of Missouri Bank,originates a loan for a customer.Dan is carrying out the ______ function.

Free
(Multiple Choice)
4.8/5
(34)
Correct Answer:
Verified

B

Google prospers because of its founders' ability to create a culture that:

Free
(Multiple Choice)
4.8/5
(29)
Correct Answer:
Verified

A

The stage 3 of the Stage-gate Development Funnel development effort can last anywhere from:

(Multiple Choice)
4.9/5
(31)

TQM will do little to improve the performance of an organization unless all employees embrace it.

(True/False)
4.9/5
(34)

The ______ the input resources required to produce a given volume of output,the ______ will be the efficiency of the operating system.

(Multiple Choice)
4.8/5
(39)

Total Quality Management (TQM)will do little to improve the performance of an organization unless ______ embrace it.

(Multiple Choice)
4.8/5
(36)

Dianna,a shift supervisor for RST Manufacturing,leads a crew that continually turns out high quality products.This translates into increased efficiency,lower operating costs and ultimately increased profits.

(True/False)
4.9/5
(41)

______________ is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost,quality,service,and speed.

(Multiple Choice)
4.8/5
(33)

Fast inventory turnover was not a factor influencing Wal-Mart's competitive advantage in the retailing industry.

(True/False)
4.8/5
(32)

The use of empowered self-managed teams can increase productivity and efficiency because people often respond well to greater:

(Multiple Choice)
4.9/5
(38)

List the ten steps necessary make a TQM control system work.

(Essay)
4.9/5
(22)

Apex Construction has teams of expert change agents known as green belts and black belts,to control problem-solving and train other employees.They are engaged in:

(Multiple Choice)
4.8/5
(41)

Which of the following is NOT a reason to try to boost product quality?

(Multiple Choice)
4.9/5
(33)

A strategy based on the use of IT to reduce the costs associated with the product assembly process is known as:

(Multiple Choice)
4.8/5
(38)

After adopting a TQM process,Gayle found ways to simplify the financial services her company offered which led to:

(Multiple Choice)
4.9/5
(29)

Increasingly,self-managed teams are using ____________,in which different teams assemble each component part and then send those parts to a final assembly team.

(Multiple Choice)
4.9/5
(26)

Providing high quality products creates a brand-name reputation for an organization's products.

(True/False)
4.8/5
(31)

The goal of Six Sigma is to improve a company's quality to only ______ defects per million by systematically altering the way all the processes involved in value chain activities are performed.

(Multiple Choice)
4.9/5
(34)

Innovation means producing goods and services that have attributes-such as design,styling,performance,and reliability-that customers perceive as being superior to those found in competing products.

(True/False)
4.7/5
(30)
Showing 1 - 20 of 107
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)