Internal integration con - Study guides, Class notes & Summaries

Define Growth when there is an increase in the size of an organisation's operations Growth occurs in terms of ... x3 Physical assets (i.e. purchasing new premises) Number of employees Increasing product range Reasons for growth X2 Enter into new markets - spread risk Gain economies of scale and reduce costs Define Retrenchment when there is an reduction in the size of an organisation's operations Reasons for retrenchment x2 Focus on core competences - reduce...

Define Growth when there is an increase in the size of an organisation's operations Growth occurs in terms of ... x3 Physical assets (i.e. purchasing new premises) Number of employees Increasing product range Reasons for growth X2 Enter into new markets - spread risk Gain economies of scale and reduce costs Define Retrenchment when there is an reduction in the size of an organisation's operations Reasons for retrenchment x2 Focus on core competences - redu...

1. Internal resource constraint 2. Capacity-con- strained 3. Customer Re- lationship Man- agement (CRM) A regular bottleneck Bottleneck caused by inefficient usage Software solutions that enable the firm to collect cus- tomer-specific data 4. allowance factor the amount of time the analyst allows for personal time, fatigue, and unavoidable delays 5. appraisal costs Costs incurred in the process of uncovering defects 6. common Random causes that cannot be identified 7. consumer's ris...

Acquisition - ANSWER-The purchase (or merger) of an existing organization broad differentiation strategy - ANSWER-type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy - ANSWER-type of strategy aimed at providing low-cost products to a broad customer segment Business model - ANSWER-the underlying structure of an organization; the means through which an organizatio...

GLOBALIZATION The development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets Manfred Steger Who defined globalization as "The expansion and intensification of social relations and consciousness across world-time and across world-space" ECONOMIC IMPERIALISM One nation assuming economic power or influence over others 1. Ethnoscapes 2. Technoscapes 3. Mediascapes 4....

TEST BANK: MATERNAL- NEWBORNNURSING: THE CRITICAL COMPONENTS OF NURSING CARE, 3RD EDITION, ROBERTA DURHAM, LINDA CHAPMAN Test Bank: Maternal-Newborn Nursing: The Critical Components of Nursing Care, 3rd Edition, Roberta Durham, Linda Chapman Chapter 1: Trends and Issues MULTIPLE CHOICE 1. The nurse is caring for a patient who is in labor with her first child. The patient’s mother is present for support and notes that things have changed in the delivery room since she last gave ...

Business-Level Strategy The strategic scope and direction of strategic business units (SBUs). SBUs focus on specific product/service lines while under the umbrella of corporate direction. Corporate-Level Strategy The overall strategic scope and direction of a corporation. The primary function of corporate-level strategy is to allocate capital funds to SBUs and decide which businesses to enter or exit. Emergent-Strategy a pattern of actions that develop over time and become an or...

1. TQM: Total Quali- ty Management 2. Customer De- fined Quality 3. Conformance to specification 4. Example of Con- formance to specification is an integrated organizational effort designed to improve quality at every level. TQM is about meeting quality expectations as defined by the customer. measures how well the product or service meets the targets and tolerances determined by its designers. The wait for hotel room service may be specified as 20 minutes, but there may be an acceptable delay...

1 Operations and Supply Chain Management - C720 (WGU) Exam Elaborations Graded 100% Operations - The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - They allocate resources. Capital - Facilities and equipment Competitive Advantage - Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability - The proc...

Operations and Supply Chain Management - C720 (WGU) exam graded a Operations *** The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager *** They allocate resources. Capital *** Facilities and equipment Competitive Advantage *** Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability *** The pro...