Flashcard Set Preview
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| 1 |
What are vital to a firm's survival? (p 308)
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responsiveness, quickness, agility, the ability to adapt to changing demands.
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| 2 |
Definition: a form of organization that seeks to maximize internal efficiency.organic structure...
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mechanical organization
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| 3 |
definition: an organizational form that emphasizes flexibility.organic structure | strategic...
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organic structure
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What are some parts of the organic structure?
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-jobholders have broader responsibilities changing as needs arise (i.e. construction business)-comm...
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| 5 |
The perspective on strategies and organization hinges on the concept of ________________.
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core competencies
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| 6 |
A well-developed, well-understood core competence can enhance a company's _________________...
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responsiveness and competitiveness
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| 7 |
Managers desiring to strengthen their firms' competitiveness via core competence should focus...
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identifying existing core competencies; acquire/build on core competencies for the future;...
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| 8 |
definition: a formal relationship created among independent organizations with the purpose...
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strategic alliance
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| 9 |
definition: an organization skilled at creating, acquiring, and transferring knowledge, and...
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learning organization
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| 10 |
definition: top management ensures that there is a consensus about the direction in which the...
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high-involvement organization
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| 11 |
The best alliances reflecting a true partnership meet the following criteria:
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individual excellence, importance, interdependence, investment, information, integration, institutionalization,...
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| 12 |
Fundamental principles to the high-involvement organizations are
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continual feedback to participants regarding how they compare with competition and how effective...
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| 13 |
_________ is one of the most important characteristics of an organization and one of the most...
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Size
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| 14 |
Large companies tend to be bureaucratic resulting in ____________________.
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rules, procedures, and paperwork.
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| 15 |
Size creates scale economies and economies of scope. Define scale economies.
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scale economies: lower costs per unit of production.economies of scope: economies where markets...
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| 16 |
What are some advantages of large size organizations?Disadvantages of big size companies?
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Adv. lower operating costs, greater purchasing power, and easier access to capital.Disadv:...
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| 17 |
definition: the costs of being too big
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diseconomies of scale
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| 18 |
Should a company resort to being big or small?
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The challenge is to be both big and small to capitalize on the advantages of each.
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| 19 |
definition: the planned elimination of positions or jobs
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downsizing
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definition: a successful effort to achieve an appropriate size at which the company performs...
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rightsizing
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| 21 |
definition: loss of productivity and morale in employees who remain after a downsizing
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survivor's syndrome.
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| 22 |
definition: a multifaceted process focusing on creating two-way exchanges with customers to...
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customer relationship management (CRM)
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| 23 |
definition: The sequence of activities that flow from raw materials to the delivery of a good...
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value chain
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| 24 |
What are some parts of the generic value chain to a product or service? (R-I-O) (O-M-S)
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(R)esearch and development-focus on innovation & new products(I)nbound logostics- receive...
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| 25 |
an organization's profit margin is:
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total value created (amount customer pays) - expenses (cost providing a good/service).
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| 26 |
How can a manager add customer value (amount customer is willing to pay)?
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pay close attention to their organization's value chain (way each step interacts with other).
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| 27 |
definition: is a way of managing in which everyone is committed to continuous improvement of...
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Total quality management (TQM)
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| 28 |
definition: series of voluntary quality standards developed by a committee to improve total...
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ISO 9001
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| 29 |
ISO 9001 focuses on set standards of management that address _____ principles.
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8
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| 30 |
To revolutionize key organizational systems and processes to answer the question: "If you were...
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principle idea of reengineering
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| 31 |
Define reengineering
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a fundamental change in the way the parts of the organization work together; teams work simultaneously...
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| 32 |
One critical factor affecting an organization's structure and responsivness is:
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its technology.
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| 33 |
definition: the systematic application of scientific knowledge to a new product, process, or...
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technology
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definition: a process that is highly automated and has a continuous production flow.large batch...
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continuous process
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definition: technologies that produce goods and services in low volumelarge batch | small batch...
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small batch
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| 36 |
definition: technologies that produce goods and services in high volume.large batch | small...
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large batch
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| 37 |
definition: the production of varied, individually customized products at the low cost of standardized,...
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mass customization
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| 38 |
definition: the use of computer-aided design and computer-aided manufacturing to sequence and...
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computer-integrated manufacturing (CIM)
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| 39 |
definition: manufacturing plans that have short production runs, are organized around products,...
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flexible factories
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| 40 |
State contrasting views of flexible and traditional factory
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Traditional factory has long production runs generating high volumes; Flexible factories have...
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| 41 |
definition: commitment to making an operation both efficient and effective; strives to achieve...
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lean manufacturing
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| 42 |
definition: refers to strategies aimed at reducing the total time needed to deliver the good...
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time-based competition (TBC)
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| 43 |
definition: the movement of resources into the organization (inbound) and products from the...
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logistics
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| 44 |
What technological device is helping companies improve logistics efficiency and speed?
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RFID (radio frequency identification tags).
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| 45 |
definition: system calls for sub assemblies and components to be manufactured in very small...
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just in time (JIT)
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| 46 |
Name some elements of (JIT) just in time operations:
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elimination of waste, perfect quality, reduced cycle times, employee involvement, value-added...
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| 47 |
Many companies are turning to ____________________ as the cornerstone of their TBC (time based...
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simultaneous engineering
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| 48 |
Do successful organizations follow rigid models? Why or why not?
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No, the organizations maintain structures, systems organizational designs; managers constantly...
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| 49 |
Jack Welch, founder of GE saw a goals as the creation of boundaryless organization. Define...
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there are no meaningful barriers between the organization and its environment.
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| 50 |
The particular form—and degree—of organic structure the organization adopts to accomplish...
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A) Technology
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| 51 |
Federal Express has drop-off boxes at U.S. Postal Service facilities. This is an example of...
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D) Strategic alliance
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| 52 |
Google, Toyota, and IDEO are good examples of a __________ since they are skilled at solving...
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A) learning organization
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| 53 |
High technology companies facing stiff international competition aim to generate high levels...
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A) True
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| 54 |
Wal-Mart, among the largest companies in the world, has the purchasing power to buy merchandise...
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A) Economies of scale
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| 55 |
Bankers are using TQM software to collect and sift through data about their customers to learn...
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B) False, CRM
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| 56 |
Companies organize to pull off mass customization at low costs by using a dynamic network of...
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A) True
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