Bit 3454 exam 1 - Study guides, Class notes & Summaries

BIT 3454 Exam 1Process improvement - correct answer Activities to improve the overall level of the process, reducing variation Two jobs - correct answer 1. Do our work 2. Improve on how we do our work Value of the ratio between improving and doing is: - correct answer Expected to increase in the future Activities of process improvement: - correct answer Flowcharting, collecting data, identify areas to improve, change the process, check the impact, make the improvements apart of bu...

BIT 3454 Exam 1 The 9 blocks of the Business Model Canvas are: - correct answer 1. customer segments 2. value proposition 3. channels 4. customer relationships 5. revenue streams 6. key resources 7. key activities 8. key partnerships 9. cost structure types of value propositions: Blue Ocean Strategy - correct answer create uncontested market space; make the competition irrelevant; create and capture new demand; break the value-cost trade-off; align the whole system of a firm's act...

BIT 3454 Exam 1 questions and answers certified 2024

BIT 3454 Exam 1 questions and answers already solved 2024

BIT 3454 Exam #1re-engineering management approach - correct answer complete redesign total quality management approach - correct answer best way to improve all aspects benchmarking management approach - correct answer look at best practices and take ideas from that self-managed work teams management approach - correct answer coworkers and peers work together to improve a process six-sigma management approach - correct answer identify and eliminate waste t/f variation exists ...