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Exam (elaborations)

Mngt 4800 Exam 1 Q Uestions And With Complete Solution

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MNGT 4800 EXAM 1 Q UESTIONS AND WITH COMPLETE SOLUTION

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Potential New Entrants


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companies that do not currently compete in the industry but may in the
future

,Understanding the nature of strategic groups within an industry is important for at
least three reasons: Reason 1


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placing an emphasis on the members of a company's group is helpful
because these companies are usually its closest rivals. In some cases, one
or more strategic groups in the industry are irrelevant. companies confront
mobility barriers that make it difficult or illogical for a particular company to
change groups over time




Triple Bottom Line


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emphasizes the 3 Ps of people, the planet, and profits




Agility


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the supply chain's relative capacity to act rapidly in response to dramatic
changes in supply and demand




If buyers have greater leverage over the competitors than the competitors have over
the buyers...


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, then the competitors may be forced to lower their prices over time




Company Infrastructure


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refers to how the company is organized and led by executives




Quality


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refers to the relative reliability of supply chain activities




Speed


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(often referred to as 'cycle time') is the time duration from initiation to
completion of the production and distribution process




Goals mist be realistic


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, meaning that their achievement is deasible




Industry Life-Cycle Pattern


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embryonic: industries that are emerging
growth
shakeout: hit max demand
mature
decline




Environmental Segment


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involves the physical conditions within which organizations operate
-natural disasters and weather patterns




World War II


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fatal error Hitler made: invading Russia




The realized strategy is a product of

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