Porters value chain - Samenvattingen, Aantekeningen en Examens

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - Delivery of products & services What happens when an effective value chain is created? - Profit margins are increased Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process? - Analysis of exteral opportunities and threats Skilled management, positive cash flow, and well known brands are examples of which compon...

ISA 235 Final Exam Miami University Rated A+ Information Age The present time, during which infinite quantities of facts are widely available to anyone who can use a computer Internet of Things (IoT) a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention Data raw facts that describe the characteristics of an event or object information Data converted into a meaningful and useful context Business intelligence ...

ISA 235 Final Exam Gowins Latest Version Graded A+ Data Raw facts that describe the characteristics of an event or object Structured Data Stored in traditional system such as a relational data base or spreadsheet Unstructured Data Not defined and does not follow specific format Big Data Collection of large, complex data sets including structured and unstructured data. Information Data converted into meaningful and useful context Business Intelligence (BI) Information collect...

External Environment correct answers SWOT Analysis, Porters 5 Forces, The General Environment New legislation passed nationwide and the minimum wage for hourly workers to $16 per hour. Is this a threat or opportunity to Wendys? Why? correct answers THREAT It raises the price of key suppliers (labor) and since Wendy's competes on a low cost strategy, which is based on its ability to keep its own costs down this will impact the viability of its current strategy Supplier power is one of P...

Miami University ISA 235 Final Exam with Complete Solutions Internet of things A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support Views a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. Data Raw facts t...

ISA 235 Exam 1 Key Terms - Miami University 100% Correct Value chain analysis views a firm as a series of business processes that each add value to the product or service Primary activities in the value chain found at the bottom of the value chain, these include business processes that acquire raw materials and manufacture, deliver, market, sell and provide after-sales services Support Activities in the Value Chain found along the top of the value chain and includes business proc...

CIPS Level 4 Module 1 Questions and Answers Rated A+ The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually ...

The present time, during which infinite quantities of facts are widely available to anyone who can use a computer - Answer-Information Age a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention - Answer-Internet of Things (IoT) raw facts that describe the characteristics of an event or object - Answer-Data Data converted into a meaningful and useful context - Answer-information Information collected from multiple sources s...

Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources. The Functional Structure - answerBusiness processes are CROSS FUNCTIONAL (no group is solely responsible for the execution Systems Thinking - answerA way of monitoring the entire system by viewing multiple inputs being processes or transformed to produce outputs while continuously gathering feedback on each part Porter's 5 Forces - answer-Supplier power (influence ...

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....