Michael porter - Study guides, Class notes & Summaries

BTMA Midterm Question and answers 100% correct 2023/2024Business 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 Fo...

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...

MGMT344 Quizzes Questions and Answers All Correct Which of the following is a common mistake in drawing up strategic group maps? a. Often there are mobility barriers that prevent free movement between the identified groups b. Often the two chosen axes are related to one another so that all firms plot along the diagonal c. Often the analysis is incomplete, because it includes 'white spaces' or 'black holes' d. Often firms are plotted by characteristics that are not vi...

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...

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...

Why is it important for you to understand business strategy? correct answers When starting a company or being president or general manager within one, developing strategy is a primary job. As a junior officer in a company, developing and implementing ideas that are consistent with corporate strategy could lead to early promotions. You can also evaluate the potential success of companies that you may work for by understanding their strategy. How would you describe/define strategy? correct answ...

Benchmarking The process of measuring the performance of an organization against external standards of reference that frequently come from similar organizations doing similar things. Corporate Governance The system of rules, practices and processes by which a company is directed and controlled. Enterprise Risk Management A strategic discipline that supports the achievement of an organization's objectives by addressing the full spectrum of its risk and managing the combined impa...

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....

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 ...