Isds 3115 Chapter 2

A strategy is established prior to establishing a mission the purpose for which an organization is established an action plan to achieve a mission a functional area of the firm

Which of the following is NOT one of the three strategic approaches to competitive advantage? cost leadership differentiation response innovation

Which of the following is the purpose of rationale for an organizations existence? articles of incorporation strategy charter mission

Which of the following is NOT one of the 10 strategic OM decisions listed in the text? location layout quality finance/accounting

Which of the following is NOT an OM strategy/issue during the introduction stage of the product life cycle? frequent product and process design changes high production costs limited models long production runs

Which of the following is NOT an OM strategy/issue during the growth stage of the product life cycle? reduce capacity shift towards product focus forecasting critical enhance distribution

A method managers use to evaluate the resources at their disposal and manage or alter them to achieve competitive advantage is referred as resources view competitive advantage value chain analysis five forces analysis

What impacts the maturing of a product might have on OM strategy below purchasing needs to be revised product changes decrease cost cutting is instituted capital investment is added for new equipment or processes optimum capacity may be achieved new human resources skills

what impacts technology innovation in the manufacturing process might have on OM strategy quality standards need to be revised product design needs to be revised labor skills decrease cost cutting instituted inventory needs to be revised manufacturing process stabalizes

which impacts in laptop computer design that bulds in wireless technology might have on OM strategy manufacturing process stabalizes product changes decrease purchasing needs to be revised longer production runs are used inventory needs to be revised maintenance procedures need to be revised

correct impacts that major increases in oil prices might have on OM strategy for the energy inefficient company, change in competitive position for a producer with high energy costs change in the competitive position for the energy inefficient company , change in the cost structure , result in higher selling prices for a producer with high energy costs, change in the cost structure, result in higher selling prices

what impacts the OM strategy if there are correct impacts on water and air quality legislation difficulty in using the specific technologies increasing production cost closing of numerous plants including paper mills and steel mills difficulty in predicting both the cost of production and the market demand

what impacts that fewer young prospectie employees entering the labor market might have on OM strategy high unemployment rates tighter job market change in the income of employees in the lower pay classifications added capital investment for new equipment or processes

impacts that inflation versus stable prices have on OM change in the income of employees in the lower pay classifications the manufacturing process stabilizes OM function focuses more on standardization difficulty in predicting both the cost of production and the market demand

impacts legislation moving health insurance from a pretax benefit to taxable income change in the income of employees in the lower pay classifications increase in the take home pay of employees by the amount of the taxes operations managers get pressure to in crease wages of employees in the lower pay classifications decrease in the take home pay of employees by the amount of taxes

SWOT analysis refers to strengths , opponents , weaknesses, and threats support opponents weaknesses and threats strengths , opportunities , weaknesses, and threats

What is a graphical link of competitive advantage , KSF's , and supporting activities

A set of skills , talents, and capabilities in which a firm is particularly strong is referred to as core competencies differentiation key success factors experience differentiation

Which of the following is the core competence for Honda? product flexibility gas powered engines sustainable design advertising

Parent company of ARROW SHIRTS AND COUNTRY

Parent company of Braun Household Appliences

Parent company of Volvo autos

Parent company of Firestone Tires

godiva chocolate

haagen dazs ice cream

jaguar autos

MGM movies

lamborghini Autos

good rich tires

alpo pet foods