Quiz 6

What is 1/2 things productivity measures?

They track an operating unit's performance over time

Whats 10/10 ways businesses compete in their Operation function?

Knowledge

Whats 5/10 ways businesses compete in their Operation function?

Quick response

What is 1/3 reasons why productivity is important?

one of three reasons why productivity is important High productivity is linked to higher standards of living

What is the 6/7 reasons why some organizations fail?

Failing to establish good internal communications and cooperation

What is the 5/7 reasons why some organizations fail?

Neglecting investments in capital and human resources

Whats 6/10 ways businesses compete in their Operation function?

Flexibility

2nd step in hierarchical planning?

Goal

What is 1/7

1.Neglecting operations strategy

4th step in hierarchical planning?

Functional strategies

What is 3/3 reasons why productivity is important?

For an industry, high relative productivity makes it less likely it will be supplanted by foreign industry

Whats 9/10 ways businesses compete in their Operation function?

Service

What are 2/3 primary ways that business organizations compete?

Strategy

What is the 7/7 reasons why some organizations fail?

7.Failing to consider customer wants and needs

What are 1/3 primary ways that business organizations compete?

Competitiveness

Whats 2/10 ways businesses compete in their Operation function?

Cost

What is the 2/7 reasons why some organizations fail?

Failing to take advantage of strengths and opportunities and/or failing to recognize competitive threats

the first step in hierarchical planning?

Mission

Whats 4/10 ways businesses compete in their Operation function?

Quality

What is the 4/7 reasons why some organizations fail?

Too much emphasis in product and service design and not enough on process design and improvement

What is the 3/7 reasons why some organizations fail?

Too much emphasis on short-term financial performance at the expense of R&D

What are the three primary ways that business organizations compete?

1.) Competitiveness 2.) Strategy 3.) Productivity

Why productivity is important?

1.) High productivity is linked to higher standards of living 2.) Higher productivity relative to the competition leads to competitive advantage in the marketplace 3.) For an industry, high relative productivity makes it less likely it will be supplanted by foreign industry

Whats 1/10 ways businesses compete in their Operation function?

1.) Product and service design

How do businesses compete in their Operation function?

1.) Product and service design 2.) Cost 3.) Location 4.) Quality 5.) Quick response 6.) Flexibility 7.) Inventory management 8.) Supply chain management 9.) Service 10.) Knowledge

What does productivity measure?

1.) They track an operating unit's performance over time 2) They judge the performance of an entire industry or country

Why do some organizations fail?

1.Neglecting operations strategy 2.Failing to take advantage of strengths and opportunities and/or failing to recognize competitive threats 3.Too much emphasis on short-term financial performance at the expense of R&D 4.Too much emphasis in product and service design and not enough on process design and improvement 5.Neglecting investments in capital and human resources 6.Failing to establish good internal communications and cooperation 7.Failing to consider customer wants and needs

What is 1/4 reasons why the standard for companies getting higher?

Because there is _Better quality__________ than ever before.

Why is the standard for companies getting higher?

Because there is ___________ than ever before. 1.) Better quality 2.) higher productivity 3.) lower costs 4.) quicker response to customer needs

What is 4/4 reasons why the standard for companies getting higher?

Because there is ___quicker response to customer needs than__________ever before.

What is 2/4 reasons why the standard for companies getting higher?

Because there is _higher productivity__________ than ever before.

What is 3/4 reasons why the standard for companies getting higher?

Because there is _lower cost__________ than ever before.

What is 2/3 reason why productivity is important?

Higher productivity relative to the competition leads to competitive advantage in the marketplace

Whats 3/10 ways businesses compete in their Operation function?

Location

What is the hierarchical planning?

MUST BE IN THIS ORDER: 1.) Mission 2.) Goal 3.) Organizational strategies 4.) Functional strategies 5.) Tactics

What is the 1/7 reasons why some organizations fail?

Neglecting operations strategy

3rd step in hierarchical planning?

Organizational strategies

What are 3/3 primary ways that business organizations compete?

Productivity

Whats 8/10 ways businesses compete in their Operation function?

Supply chain management

5th step in hierarchical planning?

Tactics

What is 2/2 things productivity measures?

They judge the performance of an entire industry or country

Whats 7/10 ways businesses compete in their Operation function?

Inventory management