_____ 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?