There are 5 performance objectives that are set out to satisfy the market place. The five are Quality, Speed, Flexibility, Cost, and what is the final performance objective?
Answer(s): C
The fifth performance objective is dependability. It is saying that a company delivers the goods or services in the time frame promised. The customer can rely on the company when needed.
Which of the following is not an area under Theory of Constraints?
Elimination is not under theory of Constraints but in a bigger idea of Lean and JIT. All other choices are areas under Theory of Constraints
What are principles of strategic revolution?I) Planning must be different than strategizingII) Planning is about programming, strategizing is about discoveryIII) Planning is for technocratsIV. Strategizing is for dreamers
Answer(s): B
Principles of a strategic revolution1. The bottleneck is at the top of the bottle2. Strategic planning isn’t strategic3. Strategy planning must be subversive4. Planning must be different than strategizing5. Planning is about programming, strategizing is about discovery6. Planning is for technocrats7. Strategizing is for dreamers
When a provider is targeting to provide extra special attributes that satisfy niche needs and cost is not the key factor. Which of the 5 generic competitive advantages identified by the text "Crafting and Executing Strategy" by Thompson, Strikland and Gamble would be described?
Answer(s): A
When a provider is targeting to provide extra special attributes that satisfy niche needs and cost is not the key factor is called focused differentiation
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