Michael porter - Study guides, Class notes & Summaries

BUAD 331 Exam 2 (Knowledge Checks) Questions and Answers Already Passed office supplies for an automobile manufacturer would fit in the supply and commodity category titled "Indirect Materials Office Supply Product category" (t/f) true you are in charge of buying a new make and model of work computers for the entire company HQ. you know it will be expensive, but have many options to choose from so you can make computer manufacturers bid against each other. Why type of commodity are t...

Sourcing is the inputs, including materials, subassembled components, equipment, and services, that are required to create value correct answer: False Which of the following is not an area in which successful supply managers need expertise? correct answer: Customers When purchasing and supply management works well within an organization, the company acquires the best resources from around the world, which allows its to compete on cost, quality, and innovation. correct answer: True Wh...

Strategic Planning - Answer-Process of determining an organization's primary objectives and adopting courses of action that will achieve these objectives. Tactical Planning - Answer-Planning that guides the implementation of activities specified in the strategic plan. Mission - Answer-Essential purpose that differentiates one company from others. Marketing Strategy - Answer-Overall, company wide program for selecting a particular target market and then satisfying consumers in that market ...

Planning - Process of anticipating future events and conditions and of determining the best way to achieve organizational objectives. Marketing Planning - Implementing planning activities devoted to achieving marketing objectives. Strategic Planning - Process of determining an organization's primary objectives and adopting courses of action that will achieve these objectives. Tactical Planning - Planning that guides the implementation of activities specified in the strategic plan. Missi...

The cheap objective of supply chain management is to achieve and sustain competitive advantage in the market by providing value to the customer: correct answers true In the SCORE-DS model its diagram, is the diagram that identifies the organizations upstream and downstream supply chain: correct answers true What is the definition of flexibility? correct answers Reconfiguring systems rapidly to manage change. • Includes product flexibility (i.e., customization), volume flexibility (i.e.,...

MISY_3310_Ch 11 - Competitive Advantage (ALA) Techniques that seek to reduce variance in output to less than 3.4 errors per 1,000,000 manufacturing steps are referred to as ___. - correct answer Six Sigma Management Information Systems allow managers to build upon an organization's existing strengths to create - correct answer competitive advantages In 1979, Professor Michael E. Porter published "How Competitive Forces Shape Strategy" in the Harvard Business Review. In this paper, he d...

National industrial policy → A proactive economic development plan a government initiates to build or strengthen a particular industry. Mercantilism → The belief that national prosperity is the result of a positive balance of trade, achieved by maximizing exports and minimizing imports. Internalization theory → An explanation of the process by which firms acquire and retain one or more valuechain activities inside the firm, minimizing the disadvantages of dealing with external ...

WGU C712- Marketing Fundamentals Latest Version Already Graded A Planning Process of anticipating future events and conditions and of determining the best way to achieve organizational objectives. Marketing Planning Implementing planning activities devoted to achieving marketing objectives. Strategic Planning Process of determining an organization's primary objectives and adopting courses of action that will achieve these objectives. Tactical Planning Planning that guides the implementation ...

BUAD 331 Exam 2 Questions And Answers (Verified And Updated) Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - answerB. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - answerB. Customers When purchasing and supply management works well within an organ...

BTMA MidtermBusiness 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. Strategic Planning 3. Types of Stra...