Michael porter - Study guides, Class notes & Summaries

APIC CSCP Module 1 Questions and Answers 100% Pass What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? Operations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? It can be sold for a positive return. ...

LSUS ISDS 705 Module 2 Questions and Answers 1991 Erik Brynjolfsson - Communications of the ACM, "The Productivity Paradox of Information Technology: Review and Assessment" - Correct Answer ️️ -the addition of information technology to business had not improved productivity at all Explanations of productivity paradox - Correct Answer ️️ -1. Measurement of outputs and inputs 2. Lags due to learning and adjustment 3. Redistribution and dissipation of profits 4. Mismanagement of inf...

SHRM-CP Assessment Study Guide Test. What type of business problem is solved most appropriately by using Six Sigma tools? Minimizing inventories and redundancies Speeding up processes Improving quality Improving work flows - CORRECT ANSWER Improving quality Rationale Quality issues can be solved by using Six Sigma tools. Six Sigma is a strategy that identifies and removes the causes of defects and errors in manufacturing and business processes. Other business problems that c...

BTMA Midterm Prep Questions Correctly Answered. Business Strategy - correct answer 1. Marketing Strategy 2. IT Strategy 3. Operations Strategy 4. Product Strategy Alignment - correct answer Michael Porter - #1 Purpose is ______ Simplified Value Chain - correct answer 1. Defining Value Chain 2. Capturing Cost Data 3. Controlling Cost 4. Cutting Buyers Cost 5. Determining Purchasing Criteria 6. Reconfiguring Value Chain Industry Analysis - correct answer 1. Competitive Forces 2....

QHT1 The topic is Ford Motors. From Porter's Three Generic Strategies, determine if the D QHT1 The topic is Ford Motors. From Porter's Three Generic Strategies, determine if the Differentiation Strategy would be a good strategy for Ford Motors.  The objective here is to determine and demonstrate the degree of €œfit€ between strategy and structure. Porter's Three Generic Strategies Porter's Three Generic Strategies are a framework proposed by Michael Porter that businesses can u...

Microsoft Access is a(n) _____, which is used to create and manage a series of integrated files. correct answersdatabase management system Decisions related to scheduling and assigning employees can be supported by a _____. correct answerspersonnel information system (PIS) Which of the following decisions is supported by a manufacturing information system (MFIS)? correct answersAnalysis of price changes and discounts Identify an output of an information system. correct answersAnalyzed f...

BTMA 317 Pre-Test With Correct Answers. Michael Porter Strategy - correct answer A competitive strategy is a statement that identifies a business's approach to compete, its goals, and the plans and policies that will be required to carry out those goals - Porter The #1 Purpose of Strategy is - correct answer Alignment Industry Analysis - correct answer 1. Competitive Forces 2. Strategic Alignment 3. Type Of Strategies 4. Strategic Planning Strategic Alignment - correct answer Pr...

Managerial Economics - ANSWER-The study of how to direct scarce resources in the way that most efficiently achieves a managerial goal How to calculate economic profit - ANSWER-= accounting profit - opportunity cost Basic Principles compromising effective management - ANSWER--Identifying goals and constraints -Recognize the nature and importance of profits -Understand incentives -Understand markets -Recognize the time value of money -Use marginal Analysis The three rivalries in econ...

INMT 341 Test 1 Questions and Answers Internal Agent - Answer-Agents acting within the company; employees; salespeople, cashiers, receiving dock workers, purchasing agents, etc. External Agents - Answer-An outside person, unit, system, or an organization that interacts with the system ie. customers, vendors, banks Order to Cash Business Events - Answer-1. Market goods/services 2. Negotiate sales order 3. Select & Inspect goods 4. Prepare goods for delivery 5. Deliver goods/services ...

Sourcing is the inputs, including materials, subassembled components, equipment, and services, that are required to create value correct answer: False Which of the following is not an area in which successful supply managers need expertise? correct answer: Customers When purchasing and supply management works well within an organization, the company acquires the best resources from around the world, which allows its to compete on cost, quality, and innovation. correct answer: True Wh...