Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 10P
Summary Introduction
Interpretation:Comparison of the utility of core competency as competitive advantage or as corporate vision.
Concept Introduction:Every organization (even individual) has a set/level of competencies. There are some which are common with others, but there are others which enables it (the organization) to provide some unique/higher values to the customers in comparison to what the competitors provide. Such competencies become the inherent strengths of the organization. This may be a resource, skill and/or team strength. Normally, it is not easy for competitors to repeat the same/similar values in the market.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Is superior quality can be measured as competitive advantage? Why or why not?
Research and development plays a significant role in productivity how?
List the characteristics of a good Business Process.
What are possible causes of a business process failures?
Chapter 2 Solutions
Practical Operations Management
Ch. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5P
Ch. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10PCh. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 1.1QCh. 2 - Prob. 1.2QCh. 2 - Prob. 1.3QCh. 2 - Prob. 2.1QCh. 2 - Prob. 2.2QCh. 2 - Prob. 2.3QCh. 2 - Prob. 3.1QCh. 2 - Prob. 3.2QCh. 2 - Prob. 3.3QCh. 2 - Prob. 3.4Q
Knowledge Booster
Similar questions
- Is the process designed to achieve competitive advantage in terms of differentiation, response, or low cost?arrow_forwardWhat high-level position manager is responsible for working with the CEO and company president to determine the company’s competitive strategy?arrow_forwardAssume you are the leader of a value analysis team. Discuss how you would go about identifying value analysis opportunities.arrow_forward
- As a marketing controller, your employer has asked you to construct a customer-performance scorecard for the toy division. Three possible measurements?arrow_forwardExplain the relevance of each of the following terms and concepts to a non management professional. Synergy Scenario Planning Bench-Marking Value Chain Analysisarrow_forwardConduct a comparative analysis of the quality management principles of one of nissans competitors and suggest how you belive these principles could be adopted by nissan in the above case study. Provide benefits that nissan would gain by adopting these additional principlesarrow_forward
- 1)Hatil furniture sells wooden furniture to its customers, If it wants to maintain its product quality, what costs should it incur? Explain with proper examples. 2)What would be your suggestions to improve their product quality continuously?arrow_forwardPlease read through the following case study and answer the questions below: CASE STUDY: Delicasies Julia is the owner of a bakery named Delicasies. At first, the bakery started off small, where she was selling her products direct to the consumer from her locally based bakery. However, she became very well known for her freshly baked products and got offered many opportunities to expand. With this expansion, Julia now operates three successful branches of Delicasies and serves multiple consumer markets, which include the direct consumer, supermarkets and party planners. As with any expansion, Julia has had to hire more employees to help her grow the bakery. At times, Julia finds this challenging as the employees are from various cultures and have their own personal beliefs. To maintain a good working level, Julia motivates her employees with rewards through offering three days additional to the required leave and a thirteenth pay cheque that falls within the month of the employees'…arrow_forwardDescribe the Bowman and Ambrosinis theoretical approach to value, from a business strategy perspective ?arrow_forward
- Identify two (2) strategic objectives and two (2) strategic initiatives that will assist the organisation in achieving its long-term goals for each of the four perspectives of the Balanced Scorecard. Define a framework for evaluating the Balanced Scorecard based on your objectives and activities.arrow_forwardExplain four different categories of potential failure costs and develop a plan to prevent each one.arrow_forwardThe Foschini Group (TFG) embraced the "local is lekker" drive. Based on the information provide in the case study, which cost element was the most probable factor in TFG addressing their inventory shortages due to the pandemic? Increased inventory carrying costs due to pandemic restrictions Increased transport costs Increased back orders Additional administrative costs Karrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.