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

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Incremental product innovation results in the development of new,often radically different,kinds of goods and services because of fundamental shifts in technology brought about by pioneering discoveries.

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Why do managers seek to control and improve the quality of their organizations' products?

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The impact of information systems on productivity is ________ and potentially affects ______ aspects of the business.

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A ___________ is a small-wheeled container used with a just-in-time inventory system to move component parts from suppliers to the assembly line.

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Describe the typical aspects of a self-managed team and the benefits that their use can bring to an organization.

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The development of new,often radically different kinds of goods and services is called:

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A technique that forces managers to choose among competing projects so functional resources are not spread thinly over too many projects is referred to as:

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Successful implementation of TQM requires substantial cooperation between:

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Quality is a concept that can be applied to manufacturing but not to service organizations.

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Higher product quality can increase efficiency and thereby increase operating costs.

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Describe the five general things that customers prefer.

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By utilizing a JIT inventory system,__________ maintains the same service level as its competitors,but at a one-fourth the inventory holding cost,which is their major source of cost savings.

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The materials management function controls the movement of physical materials from the procurement of inputs through production and to distribution and delivery to the customer.

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Banks and financial service companies are finding that they can substantially reduce costs by moving customer accounts and support functions:

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Managers try to develop functional strategies that allow the organization's value chain to deliver to customers:

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A high quality,well-designed product will always be successful.

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Southwest's convenience comes from:

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The typical self-managed team consists of _________.

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The more steps required to assemble a product or provide a service,the fewer opportunities there are for making mistakes.

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Which of the following is NOT a challenge when focusing on the customer?

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