Cost competitiveness - Study guides, Class notes & Summaries

WGU - C483 Principles of Management Conceptual and Decision Skills Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members Controlling The management function of monitoring performance and making needed changes Cost Competitiveness Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers Emotional Intelligence The skills of understanding yourself, managing yourself, and deal...

The most/essential results from the latest decision round that company managers need to review/study in order to guide their strategic moves and decisions to improve their company's overall performance and competitiveness vis-a-vis rivals in the upcoming decision round are - Answer- Comparative competitive efforts section of the competitive intelligence report for each of the four geographic regions Pursuing a strategy of social responsibility and corporate citizenship - Answer- helps increa...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: : requires delivering more value and satisfaction t...

SCMN 2150 Brian Gibson test 1 Questions and Answers Already Passed What is Supply Chain Management? the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competi...

Quality is best defined as Blank______. - the excellence of a product, whether it be goods or services The introduction of new goods and services is known as Blank______. - innovation Select the components that are part of total quality management. (Select every correct answer.) - preventing defects before they occur,achieving zero defects in manufacturing,designing products for quality,operating with a philosophy of continuous improvement Blank______ across boundaries occurs even beyon...

WGU D174 Marketing Management Questions and Answers Already Passed Miles and Snow's Strategy Types 1. Prospector 2. Analyzer 3. Defender 4. Reactor Prospector (Miles & Snow) Firm exhibits continual innovation by finding and exploiting new product and market opportunities. Analyzer (Miles & Snow) Firm relies heavily on analysis and imitation of the successes of other organizations, especially prospectors. Defender (Miles & Snow) Firm searches for market stability and production of only a limi...

A firm has achieved ______ when it successfully formulates and implements a valuecreating strategy. : strategic competitiveness A competitive advantage: : can be identified when competitors are unable to duplicate or find it too costly to try to imitate. Above-average returns are; : returns in excess of what an investor expects to earn from other investments with a similar level of risk. The strategic management process is : the formulation and implementation of a full set of commitm...

WGU - C483 Principles of Management Conceptual and Decision Skills Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members Controlling The management function of monitoring performance and making needed changes Cost Competitiveness Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers Emotional Intelligence The skills of understanding yourself, managing yourself, and deal...

Operations Management correct answers the processes that effectively produce transform, and deliver a product or service designing, activation and improving processes *each and every business function must manage its own operations *HOW THIS GET DONE Effective OM and SCM correct answers use resources more efficiently -improve business processes effectiveness -improve relationships btw business entities -help meet strategic goals -increase customer service OM (how things get do...

1. If a company spends $14.4 million to install refurbished footwear-making equipment….. ANSWER. 10% or 41,440,000 2. A company’s management team should compete ANSWER. It concludes that the company has more than enough production capacity to produce the needed pair of branded footwear and based on its projections…… 3. Based on the industry-low, industry-average, and industry-high values that appear on p.7 of each issue for the FIR, ANSWER. MB-Your company’s operating profit pe...