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

Discuss the four specific ways in which managers can lower costs and/or increase differentiation to obtain a competitive advantage.

(Essay)

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Question 81

Output goals and targets need to only include numbers or quotas.

(True/False)

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Question 82

Successful product development requires inputs from:

(Multiple Choice)

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Question 83

The fewer the inputs required to produce a given output,the lower is the efficiency and the higher the cost of outputs.

(True/False)

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Question 84

The stock of raw materials,inputs,and component parts that an organization has on hand at a particular time is called:

(Multiple Choice)

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Question 85

Southwest's low-cost operating system focuses value chain management.

(True/False)

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Question 86

Managers know that the more desired product attributes a company's value chain builds into its products,the lower the price charged to the consumer.

(True/False)

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Question 87

The members of a team who bear primary responsibility for the success of a project and who stay with a project from inception to completion are called:

(Multiple Choice)

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Question 88

A favorable outcome of flexible manufacturing is that a company is able to produce many more varieties of a product than before,in the same amount of time.

(True/False)

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Question 89

Each functional activity along the chain adds value to the product when it lowers costs or gives the product differentiated qualities that increase the price a company can charge for it.

(True/False)

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Question 90

Successful innovation gives an organization something different about its products that can strengthen its competitive advantage.

(True/False)

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Question 91

Discuss the stages of the stage-gate development funnel.

(Essay)

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Question 92

The management of the value-chain activities that bring new products or services to market is called _______________.

(Multiple Choice)

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Question 93

Bob makes custom made furniture that is tailored to the needs of a different kind of customer.Which layout would best suit Bob's needs?

(Multiple Choice)

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Question 94

Incremental product innovations are relatively rare;most managers' activities focus on quantum product innovations.

(True/False)

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Question 95

What is Six Sigma? How does it differ from TQM?

(Essay)

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Question 96

There are ten steps necessary to make a TQM control system work.

(True/False)

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Question 97

In a __________,machines are organized so that each operation needed to manufacture a product or process is performed at workstations arranged in a fixed sequence.

(Multiple Choice)

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Question 98

By using self-managed teams,organizations can often realize a 30% or more increase in efficiency.

(True/False)

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Question 99

One functional strategy managers can use to get close to customers and understand their needs is value chain management.

(True/False)

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Question 100

Showing 81 - 100 of 107

Discuss the four specific ways in which managers can lower costs and/or increase differentiation to obtain a competitive advantage.

Output goals and targets need to only include numbers or quotas.

Successful product development requires inputs from:

The fewer the inputs required to produce a given output,the lower is the efficiency and the higher the cost of outputs.

The stock of raw materials,inputs,and component parts that an organization has on hand at a particular time is called:

Southwest's low-cost operating system focuses value chain management.

Managers know that the more desired product attributes a company's value chain builds into its products,the lower the price charged to the consumer.

The members of a team who bear primary responsibility for the success of a project and who stay with a project from inception to completion are called:

A favorable outcome of flexible manufacturing is that a company is able to produce many more varieties of a product than before,in the same amount of time.

Each functional activity along the chain adds value to the product when it lowers costs or gives the product differentiated qualities that increase the price a company can charge for it.

Successful innovation gives an organization something different about its products that can strengthen its competitive advantage.

Discuss the stages of the stage-gate development funnel.

The management of the value-chain activities that bring new products or services to market is called _______________.

Bob makes custom made furniture that is tailored to the needs of a different kind of customer.Which layout would best suit Bob's needs?

Incremental product innovations are relatively rare;most managers' activities focus on quantum product innovations.

What is Six Sigma? How does it differ from TQM?

There are ten steps necessary to make a TQM control system work.

In a __________,machines are organized so that each operation needed to manufacture a product or process is performed at workstations arranged in a fixed sequence.

By using self-managed teams,organizations can often realize a 30% or more increase in efficiency.

One functional strategy managers can use to get close to customers and understand their needs is value chain management.

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

The Manager As a Planner and Strategist

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

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