Mgt 301 - Study guides, Class notes & Summaries

Independent Demand correct answers Demand for items that are considered end items that go directly to a customer, and for which demand is influenced by market conditions and not related to inventory decisions for another item. Dependent Demand correct answers Demand for items that are used to make another item or are considered to be parts of another item. MRP (Material Requirements Planning) correct answers A computer-based system that develops plans for ordering and producing dependent d...

MGT 301 Exam #2 UK Kirn Questions And Answers With Complete Tests MGT 301 Exam #2 UK Kirn Questions And Answers With Complete Tests

4 tasks that managers perfom - Answer-planning, controlling, leading, and organizing Organizational Structure - Answer-the patterns of jobs, people, and groups in an organization Horizontal Differentiation - Answer-the way a company divides up the tasks it needs to perform 4 types of Horizontal differentiation - Answer-functional, product, customer, and matrix structures Functional Horizontal differentiation - Answer-you differentiate tasks via employee function (specialization) product Ho...

Christine Poon, Vice president of Johnson and Johnson, said that the habit of daily news reading gives students 5 benefits: correct answers 1. The world opens up to you 2. You understand the complexities (messiness, paradox, ambiguity) of the world. 3. You understand where you stand- your place in the world, your vision, mission and passion. 4. You understand your own belief systems better. 5. You become a more well-rounded human being, and that is exactly what the world needs. (Two force...

big data - Answer-the massive amount of data available to today's managers that is often unstructured, too big and too costly to work through with conventional databases amount of data being created... - Answer-doubles every 2 years data-driven decision making leads to - Answer-5% more productivity and 6% more profitability data-driven, fact-based decision making is enabled by - Answer-standardized corporate data and access to rich, third-party data sets business intelligence - An...

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Sustainable Competitive Advantage - Answer-Financial performance that consistently outperforms industry averages Operational Effectiveness - Answer-Performing the same tasks better than rivals perform them. Fast Follower Exists when? - Answer-1. Savvy rivals watch a pioneer's efforts 2. Learn from their successes and missteps 3. Then enter the market quickly with a comparable or superior product at a lower cost 4. Before the first mover can dominate. Strategic Positioning - Answer-...

MGT 301 Final Exam NAU Study Guide Solutions Putnam Investments of Boston offers a wide range of mutual funds through independent brokers. To gain a competitive advantage over other mutual fund companies, Putnam now provides brochures and prospectuses of their mutual funds to brokers within 24 hours of request. This is an example of - ANSWER-Responsiveness strategy An operations task performed at Hard Rock Café is - ANSWER- preparing employee schedules The five elements in the manageme...

MGT 301 Final Exam NAU.

Operational Effectiveness - Answer-performing the same tasks better than rivals perform them Strategic positioning - Answer-performing different tasks than your rivals, or performing the same tasks in a different way Competitive advantage - Answer-The ability for a firm to outperform its competitors in financial measures Sustainable competitive advantage - Answer-A factor or set of factors can lead to sustainable advantage if VRIS (valuable, rare, cannot imitate, and hard to substitute)...