Podcast
Questions and Answers
Which aspect of firm positioning focuses on providing low costs through disciplined operations?
Which aspect of firm positioning focuses on providing low costs through disciplined operations?
- Speed
- Flexibility
- Cost (correct)
- Quality
In the context of firm positioning, which quality attribute involves minimizing defect rates or conforming to design specifications?
In the context of firm positioning, which quality attribute involves minimizing defect rates or conforming to design specifications?
- Flexibility
- Speed
- Quality (correct)
- Cost
Which firm positioning aspect highlights the ability to adjust to changes in product mix, production volume, or design?
Which firm positioning aspect highlights the ability to adjust to changes in product mix, production volume, or design?
- Cost
- Speed
- Quality
- Flexibility (correct)
Which company is an example of time-based competition through build-to-order production and efficient supply chains?
Which company is an example of time-based competition through build-to-order production and efficient supply chains?
Which tool is used for translating corporate strategy into measurable objectives?
Which tool is used for translating corporate strategy into measurable objectives?
In operations strategy, what does the Balance Scorecard measure beyond financial performance?
In operations strategy, what does the Balance Scorecard measure beyond financial performance?
What is the main purpose of 'going global' in terms of globalization and competitiveness?
What is the main purpose of 'going global' in terms of globalization and competitiveness?
What is the degree to which a nation can produce goods and services that meet the test of international markets called?
What is the degree to which a nation can produce goods and services that meet the test of international markets called?
In the context of strategy formulation, what does 'Assessing core competencies' involve?
In the context of strategy formulation, what does 'Assessing core competencies' involve?
Which step in strategy formulation involves determining what qualifies an item for purchase and what wins the order?
Which step in strategy formulation involves determining what qualifies an item for purchase and what wins the order?
In Six Sigma methodology, what is the main role of Black Belts and Green Belts?
In Six Sigma methodology, what is the main role of Black Belts and Green Belts?
'Benchmarking' in quality management refers to:
'Benchmarking' in quality management refers to:
What is the main goal of the Six Sigma process?
What is the main goal of the Six Sigma process?
What is the role of a Master Black Belt in the Six Sigma process?
What is the role of a Master Black Belt in the Six Sigma process?
Which tool is used to capture the 'voice of the customer' in Six Sigma?
Which tool is used to capture the 'voice of the customer' in Six Sigma?
What is the main purpose of Failure Modes and Effects Analysis (FMEA) in Six Sigma?
What is the main purpose of Failure Modes and Effects Analysis (FMEA) in Six Sigma?
Which Six Sigma tool is used to determine relationships between factors affecting inputs and outputs of a process?
Which Six Sigma tool is used to determine relationships between factors affecting inputs and outputs of a process?
What distinguishes Six Sigma from Total Quality Management (TQM)?
What distinguishes Six Sigma from Total Quality Management (TQM)?
'Quality is not only free, it is an honest-to-everything profit maker.' This statement emphasizes the idea that:
'Quality is not only free, it is an honest-to-everything profit maker.' This statement emphasizes the idea that:
'Lean process improvement steps determine what creates value for customers, identify 'value stream', remove waste in the value stream...' This statement best aligns with the concept of:
'Lean process improvement steps determine what creates value for customers, identify 'value stream', remove waste in the value stream...' This statement best aligns with the concept of:
What step in the Six Sigma process involves developing solutions to identified problems?
What step in the Six Sigma process involves developing solutions to identified problems?
Which belt in the Six Sigma hierarchy is responsible for executing projects?
Which belt in the Six Sigma hierarchy is responsible for executing projects?
