Balanced scorecard uses - Study guides, Class notes & Summaries

Market driven firms are correct answers o Centered on customers o Take an outside-in view of strategy o Demonstrate an ability to sense market trends ahead of their competitors Define Corporate Strategy correct answers The businesses in which a company competes, preferably in a manner that uses resources to convert distinctive competence into competitive advantage. What is business level strategy? correct answers Centers on how a firm competes in a given industry and positions itself aga...

Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. Ans: False Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. Ans: True Top management uses strategic control to maintain proper alignment between the external and internal environments. Ans: True Profitability is the most commonly utilized performance measu...

Business intelligence can help you: correct answers gain a competitive advantage BI uses data that has been: correct answers Extracted from ES. Data is: correct answers A critical business resource. Predictive Analytics tells us: correct answers what could happen "What should I do to increase sales in Texas by 25%" is an application of: correct answers Prescriptive Analytics. Business changes can Impact the technology of an organization such as: correct answers Impact on Human R...

Business Acumen Competency The KSAOs needed to understand the organization's operations, functions and external environment, and to apply business tools and analyses that inform HR initiatives and operations consistent with the overall strategic direction of the organization. Value Creation organizations success in meeting its strategic goals. Can be influenced by mission , before strategic planning begins - an organization must consider the question of value. How it creates value & wh...

Six Sigma Practices Questions 2--(ASQ Practice Question Set) Complete Solutions. Which of the following statements describes a reason why companies find Six Sigma valuable? A. Six Sigma provides a customized improvement methodology that can be applied anywhere throughout the business. B. Six Sigma fundamentally changes how a company improves. C. Six Sigma makes no overall changes to the quality of the company's products and services. D. Six Sigma is a long-term approach to ...

Cost Accounting Foundations & Evolutions 10e By Kinney, Raiborn, Dragoo (Solutions Manual). Table&of&Contents& Chapter 1 Introduction to Cost Accounting .................................................... 1 Chapter 2 Cost Terminology and Cost Behaviors .......................................... 13 Chapter 3 Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing .......................................................... 41 Chapter 4 Activity-Based Management and Ac...

Chapter 04: Community-Based Nursing Practice Potter: Essentials for Nursing Practice, 8th Edition MULTIPLE CHOICE 1. A student nurse is beginning the community-based primary care rotation. The student nurse anticipates that the assignment in community-based health care will most likely be at which organization? a. An acute care hospital b. A rehabilitation hospital c. A nursing home d. A high school ANS: D High schools focus on primary rather than acute care and provide kno...

Cost Accounting Foundations & Evolutions 10e By Kinney, Raiborn, Dragoo (Solutions Manual). Table&of&Contents& Chapter 1 Introduction to Cost Accounting .................................................... 1 Chapter 2 Cost Terminology and Cost Behaviors .......................................... 13 Chapter 3 Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing .......................................................... 41 Chapter 4 Activity-Based Management and Ac...

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

Supply Chain Management correct answers The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally Value Chain Analysis correct answers An examination of all links a company uses to produce and deliver its products and services, starting from the origination point and continuing through de...