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CPIM Strategic Management of resources Questions 51–55 (page: 12)

Updated On: 9-Feb-2026

Using value innovation logic, assets and capabilities should what?

  1. not be constrained by what it already has. It must ask.
    What would we do differently if starting over?
  2. Removes all equipment and starts over
  3. target the mass of capabilities and lets the rest go
  4. leverage its existing assets and capabilities

Answer(s): A

Explanation:

Using value innovation logic, assets and capabilities should not be constrained by what it already has. It must ask.
What would we do differently if starting over



Which of the following are approaches to cutting over to a new technology?
I) Big Bang Approach
II) Step Approach
III) Parallel

  1. II & III Only
  2. I, II, & III
  3. I & III Only
  4. I & Il Only

Answer(s): B

Explanation:

All of the following are approaches to cutting over to a new technology?
1. Big Bang Approach
2. Step Approach
3. Parallel



Strategic Business Plan should be reviewed

  1. day to a month
  2. weekly or monthly
  3. every 6 months to a year
  4. Monthly or quarterly

Answer(s): C

Explanation:

Strategic Business Plan should be reviewed every 6 months to a year per text. It can be longer or shorter depending on the cycle of the business, but 6 months to a year is what is recommended



What are basic data that is needed to draw a Gnat Chart and Critical path network diagram?

I) Task
II) Duration
III) Code
IV. Dependencies

  1. I, II, & III Only
  2. I, II, & IV Only
  3. I, II, III & IV
  4. I, III, & IV Only

Answer(s): C

Explanation:

All of the basic data is needed to draw a Gantt Chart and Critical path network diagram
1. Task
2. Duration
3. Code
4. Dependencies



Which of the following is a generic strategy to distinguish from competitors?
I) Cost Leadership
II) Product differentiation
III) Focus responsive delivery
IV. Lowest Inventory

  1. I, II, & III Only
  2. II, III, & IV Only
  3. I, III, & IV Only
  4. I, II, & IV Only

Answer(s): A

Explanation:

The following is a generic strategy to distinguish from competitors?
1. Cost Leadership
2. Product differentiation
3. Focus responsive delivery
Lowest Inventory would not be included because that would not distinguish between your competitors from your customer's point of view.



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