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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Designing customer experiences that create value is one of the most important goals of an organization. Make a critical evaluation of the above statement and provide examples to support your response.
When an enterprise adopts a true DevOps approach, lines of business, practitioners, executives, partners, and supplier should be included. Select one: True False
To generate value it is best to link IT strategy as closely as possible to business strategy. A. True B. False
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
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
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
Which of these would be considered an intangible asset of a business? a chair inventory a tractor a patent
Which of the following is an example of a durable good? a. A coffee mug b. A seed stock c. A dining table d. A facial cream
Required traits of a good operational reviewer include: Foreign language skills Advanced programming knowledge Management experience None of the above
Which of the following statements about competitive priorities is TRUE? O A good delivery time is less than five days, irrespective of the industry under consideration. O Firms producing customized products would prioritize low cost and consistent quality. World class firms would equally emphasize all nine dimensions of competitive priorities. Firms emphasizing volume flexibility would have slack capacity and hold large inventories in order to be effective.
26) A competitive advantage can be realized if an organization can achieve effective integration of its various business processes. True or False? True False

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