Strategic Management?

1. What is Operations and Supply Chain Management?

What is Operations and Supply Chain Management?

Operations and Supply Chain Management (OSCM) is the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services. OCSM is concerned with the management of the entire system that produces a product or delivers a service.

What are supply networks?

For every product/service a supply network can be made. Think of a supply network as a pipeline through which material and information flow.

Success in today’s global markets requires a business strategy that matches the preferences of customers with the realities imposed by complex supply networks.

Operations

Operations refers to manufacturing and service processes that are used to transform the resources employed by a firm into products desired by customers.

Supply Chain

Supply Chain encompasses all activities and information associated with the flow and transformation of goods and services from the raw materials stage through to.........Read more

Questions

Question 1

Michael Porter argued that when analyzing opportunities and threats, managers should pay particular attention to five forces that are the major threats that an organization will encounter. Which of the following forces would be affected by your customers' loyalty to your products?

1. The level of rivalry among organizations in an industry

2. The potential for entry into an industry

3. The power of suppliers

4. Substitute products

Question 2

Which of the following best describes the concept of the learning curve?

1. Time-to-market decreases as a function of the number of innovations developed.

2. Technical performance increases in an S-shaped curve as a function of effort.

3. The ability

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Questions

Question 1

According to Mintzberg (2.4 Decision-making: It's not what you think), which decision-making approach is associated with organizational behavior, Karl Weick, and the following process: enactment => selection => retention ?

1. Doing first
2. Being first
3. Thinking first
4. Seeing first

Question 2

Which approach claims that powerful people with the firm prevent learning in order to maintain their own power base?

1. Knowledge-based view
2. Institutionalism
3. Communities of practice
4. Neo-institutionalism

Question 3

In the context of efficient production and plant size, indivisibility means that:

1. economies of scope require certain combinations of products to be produced together.
2. co-specialized assets that must be kept together.
3. the slope of the learning curve will be much steeper initially.
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