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Ops Management Q2
Operations Management - Chapters 3 & 4
25
Business
Post-Graduate
05/04/2017

Additional Business Flashcards

 


 

Cards

Term

_____ represent the strategic emphasis that a firm places on certain performance measures and operational capabilities within a value chain.


  Order winners

  Value chain processes

  Competitive priorities 

  Order satisfiers

Definition

 

 

 

  

Competitive priorities
Term

Sustainability is best described as _____.


  mass customization

  an organizational strategy 

  a competitive priority

  design flexibility

Definition

 

 

 

 

  

an organizational strategy
Term

As time-on-hold waiting decreases, customer satisfaction rating increases. This is an example of _____.


  value of a loyal customer

  productivity index

  interlinking

  flexibility

Definition

 

 

 

 

  

interlinking
Term

The balanced scorecard is designed to be linked to an organization's strategy.


  True

 False

Definition

 

 

 

  

True

Term

Operations design choices include all of the following EXCEPT _____.



  value chain integration and outsourcing

  type of processes

  operating plans and controls 

  inventory and service capacity

Definition

 

 

 

!

  
operating plans and controls
Term

Airline revenue per passenger mile and hotel revenue per full-time employee are examples of _____.


  value of a loyal customer

  sustainability

  reliability

  productivity

Definition

 

 

  

productivity
Term

A firm’s ability to achieve market and financial superiority over its competitors is called _____.


  competitive priority

  operations strategy

  competitive advantage 

  strategic planning

Definition

 

 

 

  

competitive advantage
Term

_____ measures the degree to which the output of a process meets customer requirements.


  Quality

  Depreciation

  Variability

  Frequency

Definition

 

 

 

 

  

Quality
Term
Using the information provided in the table below, the percentage change in productivity from 2009 to 2010 is _____.
    2009 2010
OUTPUTS      
  Units 110,000 150,000
INPUTS      
  Direct Labor Costs $250,000 $310,000
  Energy Cost $    6,000 $    5,800
  Raw Material Cost $  40,000 $  42,000
  
less than or equal to 10%




  
more than 20% and less than or equal to 25%



 
  
more than 15% and less than or equal to 20% 
  
more than 10% and less than or equal to 15%


Definition

 

 

 

  

more than 10% and less than or equal to 15%
Term

_____ is the quantitative modeling of cause-and-effect relationships between internal and external performance criteria.


  Strategic planning

  Learning

  Forecasting

  Interlinking 

Definition

 

 

 

 

  

Interlinking
Term

_____ have the primary responsibility to design and manage the processes and associated resources that create value for customers.


  End users

  First-line supervisors

  Testers

  Operations managers 

Definition

 

 

 

!

  
Operations managers
Term

When Bill Gates stated that “Microsoft is always two years away from failure,” he was emphasizing the importance of _____.


  design flexibility

  innovation and learning 

  speed

  productivity

Definition

 

 

 

 

  

innovation and learning
Term

Operational capabilities must be built before a firm identifies competitive priorities.


  True

  False

Definition

 

 

 

  

False

Term

A(n) _____ defines how an organization will execute its chosen business strategies.



  competitive strategy

  corporate strategy

  operations strategy

  functional strategy

Definition

 

 

 

  

operations strategy
Term

Quality improvement initiatives generally increase market share in the long term and also increase profitability in the short term.


 True

 False

Definition

 

 

 

  

False

Term

Which of the following would NOT constitute an element of operations infrastructure?


  Quality control

  Workforce

  Learning and innovation systems

  Market segment 

Definition

 

 

 

  

Market segmentation
Term

Of the four models of organizational performance, which two focus on the “big picture” of organizational performance rather than on the operational-level framework?


  Baldrige Performance Excellence framework and the value chain model

  The value chain model and the Service-Profit Chain

  Baldrige Performance Excellence framework and the balanced scorecard 

  Balanced scorecard and the Service-Profit Chain

Definition

 

 

 

 

  

Baldrige Performance Excellence framework and the balanced scorecard
Term

Which of the following is a key competitive priority based on which organizations can compete?


  Innovation 

  Infrastructure

  Reliability

  Sustainability

Definition

 

 

 

  

Innovation
Term

Which of the following is an example of innovation and learning performance measure?


  Design flexibility

  Earnings per share

  Product-related litigation

  Employee satisfaction 

Definition

  




Employee satisfaction
Term

_____ sustainability is driven by ethics and human ideals of protecting the planet and its people for the well-being of future generations.


  Political

  Environmental

  Economic

  Social 

Definition

 

 

 

  

Social
Term

Which of the following expressions is used to measure productivity?


  Quality of output/Quantity of input

  Quality of input/Quantity of output

  Quality of output/Quantity of input

  Quantity of input/Quantity of output

Definition

 

 

 

  

Quantity of output/Quantity of input
Term

The _____ of a firm are the strengths that are unique to that organization.



  vision statements

  strategy developments

  strategic missions

  core competencies

Definition
Term

In class, the instructor noted one of the biggest misconceptions regarding operations planning and strategic planning is that they are two unrelated business functions.


  True

  False

Definition

 

 

 

  

True

Term

In class, why did the instructor suggest that developing a functional operations strategy is an important factor in an organization overall success?


 It is useful tool in the design process of new products and services.

  It is fundamental in designing a high performance work system.

  It allows all of the lower level employees to actively voice their opinions.

  It bridges potential gaps between short-term objectives and long-term strategic goals.

Definition

 

 

 

  

It bridges potential gaps between short-term objectives and long-term strategic goals.

Term

In class, what was emphasized as a key component to measuring performance?


  Adhering to proper operating procedures.

  Establishing an accurate baseline.

  Creating a comprehensive training matrix.

  Establishing several specific SMART Goals.

Definition

 

 

 

  

Establishing an accurate baseline.
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