The abbreviation SBU in the context of business strategy, refers to a statistical business unit O strategic business unit O strong brand understanding simple business union

Q: Which of the following elements of the balanced scorecard shows the expected cause-and-effect…

A: A cause-and-effect relationship is generally can be observed where the following conditions are…

Q: Within the principles of the new model, it can be highlighted that one of the most important ones is…

A: The question is asking to identify the most important principle related to a new model in…

Q: nambiguous business standards emerge from a thorough investigation of an organization's activities.…

A: Because they facilitate interaction and communication between designers, programmers, and end users,…

Q: The VRIO framework offers a tool for assessing the external forces at play in an industry. Group of…

A: VRIO Analysis is an analytical procedure best for the evaluation of an organization's resources…

Q: Business strategy focuses on improving the company's .competitive position :Select one True False

A: Business strategies are focused on increasing efficiency, profits, etc., and decreasing risks,…

Q: A company, Martell MisMatch, is comprised of 4 units: Bob's cufflinks, Jennifer's Speakers, Cathy's…

A: Introduction BCG Matrix A Boston Consulting Group (BCG) Matrix is a model or tool used to analyze…

Q: Of the four listed below, ________ is the least close form of supplier integration Group of answer…

A: In the context of category management, supplier integration generally means that a supplier takes…

Q: once a problem or opportunity has been identified, maeket potiential research is undertaken to…

A: Once a problem or opportunity has been identified, next step is to develop the alternatives to…

Q: Level 2: Identifying an Operational Strategy Level 3: Identifying the Critical Success Factors…

A: The ROCKART Model for Business Processes has four stages.

Q: Customer relationship management (CRM) is a company-wide business strategy designed to optimise…

A: Business encompasses the organized work of individuals to produce and sell goods or services for…

Q: Corporate-level strategy focuses on changing market conditions and the need to build competitive…

A: The objective of the question is to understand whether the corporate-level strategy is focused on…

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.