Comp xm 2
Review the Inquirer to determine Chester's current strategy. How will they seek a
competitive advantage? From the following list, select the top five sources of
competitive advantage that Chester would be most likely to pursue. - ANS-b) Reduce
labor costs through training and recruitment
c) Seek the lowest price in their target market while
e) Offer attractive credit terms
g) Seek high automation levels
h) Seek high plant utilization, even if it risks occasional small stockouts
One wrong answer
a) Reduce cost of goods through TQM initiatives
maintaining a competitive contribution margin
d) Increase demand through TQM initiatives
f) Accept lower plant utilization and higher capacities to insure sufficient capacity is
available to meet demand
i) Seek excellent product designs, high awareness, and high accessibility
j) Add additional products
You were recently selected for an important 2-year overseas assignment in Qatar. This
is a big career opportunity and a chance to work in a high-growth region of your
company's business. You just returned from a week long trip to Qatar, which was part of
the introduction to your new team and your soon-to-be new home. You certainly became
aware that there were some noticeable cultural differences between your country and
Qatar. You are scheduled to move in 3 months. Which of the following actions would be
the MOST EFFECTIVE approach for improving your cultural competence? -
ANS-Create a list of the things that you found to be different than what you expected
during your visit and plan some strategies for adjusting to these differences.
One of your team members, Ted, has not been accomplishing his fair share of the work
and because of this your team's performance is suffering. Which of the following actions
would be most effective to get Ted to do his fair share? - ANS-Talk to Ted to understand
why he is having problems with his share of the work.
Every time your colleague faces a dilemma she is fond of saying, "I believe it's all about
the benefits outweighing the costs." She clearly favors which form of ethical guidance? -
ANS-Utilitarianism
Review the Inquirer to determine Chester's current strategy. How will they seek a
competitive advantage? From the following list, select the top five sources of
competitive advantage that Chester would be most likely to pursue. - ANS-b) Reduce
labor costs through training and recruitment
c) Seek the lowest price in their target market while
e) Offer attractive credit terms
g) Seek high automation levels
h) Seek high plant utilization, even if it risks occasional small stockouts
One wrong answer
a) Reduce cost of goods through TQM initiatives
maintaining a competitive contribution margin
d) Increase demand through TQM initiatives
f) Accept lower plant utilization and higher capacities to insure sufficient capacity is
available to meet demand
i) Seek excellent product designs, high awareness, and high accessibility
j) Add additional products
You were recently selected for an important 2-year overseas assignment in Qatar. This
is a big career opportunity and a chance to work in a high-growth region of your
company's business. You just returned from a week long trip to Qatar, which was part of
the introduction to your new team and your soon-to-be new home. You certainly became
aware that there were some noticeable cultural differences between your country and
Qatar. You are scheduled to move in 3 months. Which of the following actions would be
the MOST EFFECTIVE approach for improving your cultural competence? -
ANS-Create a list of the things that you found to be different than what you expected
during your visit and plan some strategies for adjusting to these differences.
One of your team members, Ted, has not been accomplishing his fair share of the work
and because of this your team's performance is suffering. Which of the following actions
would be most effective to get Ted to do his fair share? - ANS-Talk to Ted to understand
why he is having problems with his share of the work.
Every time your colleague faces a dilemma she is fond of saying, "I believe it's all about
the benefits outweighing the costs." She clearly favors which form of ethical guidance? -
ANS-Utilitarianism
