Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
14 Cards in this Set
- Front
- Back
|
Risks of Globalization
|
Cultural differences, logistics, safety and security, quality problems, loss of capability, political risk
|
|
|
Barriers to entry
|
Economies of scale, capital investment, access to supply and distribution channels, learning curve
|
|
|
Benefits of E-Business
|
easier comparisons, direct contact with customers, faster, worldwide customers and suppliers, middlmen eliminated
|
|
|
Impact of E-Business on OpMan
|
Customer expectations rise, inventory cost goes down, transactions get cheaper, demand increases, outsourcing increases,
|
|
|
Four Step Strategy of Formulation
|
Define a primary task, assess core competencies, determine order winners and order qualifiers, positioning the firm.
|
|
|
Competitive priorities for organizations
|
Cost, Quality, Flexibility, Speed
|
|
|
Four ways flexibility is achieved
|
modular products, standardized prosesses, parts, IT use
|
|
|
Flexibility + Speed =
|
Responsiveness
|
|
|
Operations Role in corporate strategy
|
provide support for a differentiated strategy, serve as a distinctive competence, perform the same activities better,
|
|
|
Product and Services strategic decisions
|
Make to order, make to stock, assemble to order
|
|
|
Make to order
|
products and services are made to customer specs
|
|
|
make to stock
|
products are made in anticipateion of demand
|
|
|
assemble to order
|
products make and things added according to customer specs
|
|
|
capacity and facilities strategic decisions
|
when, how much, and in what form to alter capacity
|
