None 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 directionan essential capability that creates a firm's sustainable competitive advantageseries of activities from supplier to customer that add value to a product orservice

Strategic management is the most common way of setting and executing an association's drawn-out…

Answered: Which of the following answers best…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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6. Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?A. Supply chain B. Value chain C. Business model D. Prototype
Business-level strategies detail commitments and actions taken to provide value to customers and to gain competitive advantage by exploiting core competencies in: specific plant locations specific and individual product markets the selection of industries in which the firm will compete specific and individual functional departments
1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
Within the value chain "support functions are" the: a. support activities provided to other internal business functions b. coordination and assembly of resources to produce a product or deliver a service c. mechanisms by which companies deliver products or services d. support activities provided to the customer
35) Which of the following is an appropriate criterion to monitor the performance of functional strategy? a) Return on Equity b) Lead time on order fulfillment c) Return on investment d) Ratio of profits to Earnings
Value Chain PRIMARY ACTIVITIES : example: Inbound Logistics - a gathering of new materials thru a partnership with ranches. allocation of sources and warehouse, separate facilities of the working area and manufacturing. Operations- production Outbound Logistics Marketing and Sales After-sales Services SUPPORTING ACTIVITIES : Procurement Technological development Human resources management Infrastructure What are the possible supporting activities in those list?
Give a critical assessment of the Model which can be applied to measure DAK Corporation’s Competitiveness
When formulating corporate strategy, managers must make the decisions about the stages of the industry value chain to participate in. O True O False
How does OM identify those elements in the product/service chain thatin the product/service chain that uniquely adds value?
The strategically relevant factors outside a company's industry boundaries-economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions- are known as ○ the competitive market environment that exists between a company and its competitors. O the industry and the competitive arena in which the company operates. O the dominant economic features of a company's industry. ○ general economic conditions plus the factors driving change in the markets where a company operates. O a company's macro-environment.
A company's value chain A) consists of the primary activities that it performs in seeking to deliver value to shareholders in the form of higher dividends and a higher stock price. B) concerns the basic process the company goes through in performing R&D and developing new products. C) consists of two broad categories of activities: the primary activities that create customer value and the requisite support activities that facilitate and enhance the performance of the primary activities. D) depicts the internally performed activities associated with creating and enhancing the company's competitive assets. E) consists of the series of steps a company goes through to develop a new product, get it produced and into the marketplace, and then start collecting revenues and earning a profit.
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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