Michael porter Samenvattingen, Notities en Examens

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Managerial Economics - ANSWER-The study of how to direct scarce resources in the way that most efficiently achieves a managerial goal How to calculate economic profit - ANSWER-= accounting profit - opportunity cost Basic Principles compromising effective management - ANSWER--Identifying goals and constraints -Recognize the nature and importance of profits -Understand incentives -Understand markets -Recognize the time value of money -Use marginal Analysis The three rivalries in econ...

TOPIC ONE - Answer OPERATIONS Define the operations function - Answer refers to business processes that transform and add value to inputs to produce outputs, part of the value chain Define the operations process - Answer Inputs - Transformation - Outputs (More Value then Inputs) Define strategic role of operations management - Answer 'affecting all key business areas in the longer term' - meeting key objectives of profit maximisation and competitive advantage What is Michae...

BTMA 317 Pre-Test With Correct Answers. Michael Porter Strategy - correct answer A competitive strategy is a statement that identifies a business's approach to compete, its goals, and the plans and policies that will be required to carry out those goals - Porter The #1 Purpose of Strategy is - correct answer Alignment Industry Analysis - correct answer 1. Competitive Forces 2. Strategic Alignment 3. Type Of Strategies 4. Strategic Planning Strategic Alignment - correct answer Pr...

BUAD 331 Exam 2 (Knowledge Checks) Questions and Answers Already Passed office supplies for an automobile manufacturer would fit in the supply and commodity category titled "Indirect Materials Office Supply Product category" (t/f) true you are in charge of buying a new make and model of work computers for the entire company HQ. you know it will be expensive, but have many options to choose from so you can make computer manufacturers bid against each other. Why type of commodity are t...

MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...

BUAD 331 Exam 2 Questions And Answers (Verified And Updated) Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - answerB. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - answerB. Customers When purchasing and supply management works well within an organ...

The video explains the military origins of the term strategy, but then goes on to explain how Michael Porter closed the gap between military and business thinking with his definition of business strategy. Select the option that best defines strategy in the context of business correct answers Generals win wars by degrading the enemy's ability and willingness to fight. Businesses win market share by degrading a competitor's ability and willingness to compete. In the 'Art of War' Sun Tzu emp...

Abstract reasoning - correct answer -ability to make and manipulate models - to conceive of something and to structure and manipulate it in an alternative or alternate form. Competitive strategy - correct answer -the strategy by which an organization differentiates itself from its industry competitors. Experimentation - correct answer -making a careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology (abstract reasoning), de...

LSUS ISDS 705 Module 2 Complete Answers 1991 Erik Brynjolfsson - Communications of the ACM, "The Productivity Paradox of Information Technology: Review and Assessment" ️the addition of information technology to business had not improved productivity at all Explanations of productivity paradox ️1. Measurement of outputs and inputs 2. Lags due to learning and adjustment 3. Redistribution and dissipation of profits 4. Mismanagement of information and technology 1998 Brynjolfsson...