Which of the following answers best describes the term core competency?.a capability that the operations function can develop in order to give a companya competitive advantage in its marketa common vision that unites an organization, provides consistency in decisions,and keeps the organization moving in the right directionessential capability that creates a firm's sustainable competitive advantageseries of activities from supplier to customer that add value to a product or

Core competency are the set of qualities (leadership and problem solving skills, technologies and…

Answered: Which of the following answers best…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

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When an enterprise adopts a true DevOps approach, lines of business, practitioners, executives, partners, and supplier should be included. Select one: True False
A) If you are a sales executive of Marks & Spencer shop in Muscat, What do you think will be the best option if a customer comes into your shop and is confused about what product to choose from? Ask the customer to leave the shop Just look at her while she goes around the shop Call the police on the customer Assist on product selection B) Ms.Zainab had subscribed for a new internet package from Ooredoo, but she was not happy with the speed. Which one of the following options gives Ms.Zainab the best chance to express her unhappiness? Telemarketing Team Selling Provocative Selling Personal Selling
To generate value it is best to link IT strategy as closely as possible to business strategy. A. True B. False
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Top Manufacturer make shirts for discount retailer stores. They want to use a balanced scorecard to measure their business successes and productivity. Prepare a balanced scorecard for Top Manufacturer. Perspective Objectives KPI Financial Answer Answer Customer Answer Answer Internal Processes Answer Answer Learning and Growth
17-When the operations agrees with marketing on which customers add the greatest advantage and profits overtime this formally known as? A.Marketing operations converter relationship B.supply chain perspective relationship . C.Customer rationalization d.Operations marketing lean relationship
Which of the following sort of activties from a value chain analysis might be elements that could increase customer willingness to pay? O A. Activities to enhance customer retention B. Manufacturing facility efficiency OC. Extensive employee training O D. A&B O E. B&C O F. A&C
When formulating corporate strategy, managers must make the decisions about the stages of the industry value chain to participate in. O True O False
You have been appointed as the General Manager of a large scale manufacturing unit. The unit primarily relies on the manual activities which results in massive labor cost. This has turned the once thriving business unit into a cash-strapped unit and has made it unable to remain competitive in the long run. Upon observing the situation, you have found that the situation is not sustainable anymore and the firm will face dramatic crisis if no action is taken. In this regard, you have decided to automate the system which can save massive labor cost. However, you are well aware of the fact that this may result in loss of jobs for a substantial number of employees which may in turn result in resistance to the change. Q1 How will you deal with the situation?
Figures derived from a ratio analysis of a firm need to be evaluated against the past performance of the firm to understand its current health. True or False

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