MGMT 3000 Chapter 2

The main objectives of operations strategy are:

- translating required competitive dimensions into specific performance requirements for operations - Converting order winners into specific performance requirements - making the necessary plans to assure that operations capabilities are sufficient to accomplish them

Which of the following statements is not true about operations strategy?

An operations strategy involves decisions that relate to the design of a product and the infrastructure needed to support the product.

Which of the following statements is not true about productivity?

Both Productivity is a common measure of how well a country, industry, or business unit is using its resources. To be meaningful, productivity needs to be compared with something else. are true

A company that can offer complete your order more quickly than the competitors is an example of a company that is competing on _______ competitive dimension.

Delivery speed

Which of the following is not one of the ways that a company pursuring a low cost strategy achieves a competitive operations advantage?

Focusing on buying materials to manufacture luxury products

Which of the following is not one of the measures of profit and loss included in the "triple bottom line" approach?

Machinery

A SWOT analysis helps managers match strategies with strengths and opportunities while also reducing risks associated with weaknesses and threats.

True

A criterion that differentiates the products or services of one firm from another is called:

an order winner

The item in the list below that is not a major competitive priority that forms the competitive position of a company is:

coping with changes in supply