Podcast
Questions and Answers
What is one of the advantages of increased scale according to the text?
What is one of the advantages of increased scale according to the text?
- Decreased economies of scale
- Less learning and automation
- Greater task specialization (correct)
- Higher costs for market leaders
How does division of labor contribute to economies of specialization?
How does division of labor contribute to economies of specialization?
- It reduces task specialization
- It promotes learning and assists automation (correct)
- It has no impact on economies of specialization
- It hinders learning and automation
In which industries are economies of specialization particularly important, according to the text?
In which industries are economies of specialization particularly important, according to the text?
- Healthcare and retail
- Investment banking and software development (correct)
- Construction and hospitality
- Agriculture and manufacturing
What is the basis of the experience curve according to the text?
What is the basis of the experience curve according to the text?
What is one of the sources of cost advantage related to specialization?
What is one of the sources of cost advantage related to specialization?
How does specialization contribute to cost efficiency in production?
How does specialization contribute to cost efficiency in production?
Which factor related to specialization can lead to residual efficiency and cost advantage?
Which factor related to specialization can lead to residual efficiency and cost advantage?
In the context of specialization, what contributes to cost advantage by reducing unnecessary expenses?
In the context of specialization, what contributes to cost advantage by reducing unnecessary expenses?
Which company achieved cost leadership in personal computers during the 1990s through the reconfiguration of the industry’s traditional value chain?
Which company achieved cost leadership in personal computers during the 1990s through the reconfiguration of the industry’s traditional value chain?
What did Ford's moving assembly line achieve in terms of reducing the time taken to assemble a Model T?
What did Ford's moving assembly line achieve in terms of reducing the time taken to assemble a Model T?
Which company invested $40 billion on new process technology between 1979 and 1986 with the goal of becoming the world’s most efficient manufacturer of automobiles?
Which company invested $40 billion on new process technology between 1979 and 1986 with the goal of becoming the world’s most efficient manufacturer of automobiles?
What were the major efficiency gains from improved processes likely to come from, according to the text?
What were the major efficiency gains from improved processes likely to come from, according to the text?
Which of the following is true about firms delivering higher scores on most elements of value?
Which of the following is true about firms delivering higher scores on most elements of value?
What did Bain's B2B value drivers focus on, based on the text?
What did Bain's B2B value drivers focus on, based on the text?
How have Amazon's value drivers changed over time, according to the text?
How have Amazon's value drivers changed over time, according to the text?
What do consumers tend to be willing to pay for, based on the text?
What do consumers tend to be willing to pay for, based on the text?
What advantage do firms delivering higher scores on most elements of value stand to gain, according to the text?
What advantage do firms delivering higher scores on most elements of value stand to gain, according to the text?
In the context of value creation, what is a value proposition?
In the context of value creation, what is a value proposition?
Which factor influences how much of the value created by the firm can be captured by it?
Which factor influences how much of the value created by the firm can be captured by it?
What connects Indian Oil and Apollo Hospital Enterprises Ltd.in the Nifty 50 index?
What connects Indian Oil and Apollo Hospital Enterprises Ltd.in the Nifty 50 index?
What is the relationship between Economic Value Added (EVA) and Customer Willingness to Pay (WTP)?
What is the relationship between Economic Value Added (EVA) and Customer Willingness to Pay (WTP)?
How does division of labor contribute to value creation and capture?
How does division of labor contribute to value creation and capture?
What did Carlos Ghosn achieve in his first year as CEO of Nissan Motor?
What did Carlos Ghosn achieve in his first year as CEO of Nissan Motor?
What is the primary focus of management systems and company values at Walmart, IKEA, Ryanair, and Amazon?
What is the primary focus of management systems and company values at Walmart, IKEA, Ryanair, and Amazon?
What does the value chain represent in terms of a firm's activities?
What does the value chain represent in terms of a firm's activities?
In the value chain, what does 'Inbound Logistics' involve?
In the value chain, what does 'Inbound Logistics' involve?
What is central to capturing the created value in a firm's value chain?
What is central to capturing the created value in a firm's value chain?
What is the purpose of advertising campaigns in conveying the value proposition?
What is the purpose of advertising campaigns in conveying the value proposition?
In the context of value propositions, what do advertising campaigns aim to inform customers about?
In the context of value propositions, what do advertising campaigns aim to inform customers about?
What are the three questions that a value proposition aims to answer?
What are the three questions that a value proposition aims to answer?
What is a key purpose of a value proposition?
What is a key purpose of a value proposition?
How do firms arrive at the appropriate value proposition over time?
How do firms arrive at the appropriate value proposition over time?
What is the purpose of advertising campaigns in conveying the value proposition for firms?
What is the purpose of advertising campaigns in conveying the value proposition for firms?
How do firms arrive at the appropriate value proposition over time, according to the text?
How do firms arrive at the appropriate value proposition over time, according to the text?
What are the three questions that a value proposition aims to answer, as mentioned in the text?
What are the three questions that a value proposition aims to answer, as mentioned in the text?
What is central to capturing the created value in a firm's value chain, as per the text?
What is central to capturing the created value in a firm's value chain, as per the text?
What are the elements that each advertising campaign highlights, as per the text?
What are the elements that each advertising campaign highlights, as per the text?
In which industries are economies of specialization particularly important, according to the text?
In which industries are economies of specialization particularly important, according to the text?
What impact did Boeing's efforts to boost output during 2006–2011 have on unit costs?
What impact did Boeing's efforts to boost output during 2006–2011 have on unit costs?
What was required for survival in hard-hit sectors like house building, construction equipment, and retailing during the 2008–2009 recession?
What was required for survival in hard-hit sectors like house building, construction equipment, and retailing during the 2008–2009 recession?
What are residual efficiencies related to, according to the text?
What are residual efficiencies related to, according to the text?
What do excess costs have a propensity to accumulate within, according to the text?
What do excess costs have a propensity to accumulate within, according to the text?
What is the basis of residual efficiency and cost advantage?
What is the basis of residual efficiency and cost advantage?
What was announced by Caterpillar on the same day it reported a downturn in its quarterly sales during the 2008–2009 recession?
What was announced by Caterpillar on the same day it reported a downturn in its quarterly sales during the 2008–2009 recession?
What is the primary focus of the company's strategy to drive down firm costs?
What is the primary focus of the company's strategy to drive down firm costs?
How has the company aimed to 'Reduce Anxiety' for customers?
How has the company aimed to 'Reduce Anxiety' for customers?
What can be inferred about the impact of the company's reduced focus on 'Rewards Me' in 2018?
What can be inferred about the impact of the company's reduced focus on 'Rewards Me' in 2018?
How has the company aimed to make the right product 'easily' available to customers?
How has the company aimed to make the right product 'easily' available to customers?
What has been the impact of Amazon's specific expenses related to 'Reduce Anxiety' in 2018?
What has been the impact of Amazon's specific expenses related to 'Reduce Anxiety' in 2018?
What can be inferred about the impact of cutting back on free coupons and cashbacks?
What can be inferred about the impact of cutting back on free coupons and cashbacks?
What is the relationship between higher scores on most elements of value and revenue growth rates, according to the text?
What is the relationship between higher scores on most elements of value and revenue growth rates, according to the text?
What impact do firms delivering the higher scores on most elements of value have on their market shares, according to the text?
What impact do firms delivering the higher scores on most elements of value have on their market shares, according to the text?
What changed about Amazon's Value Drivers over time, based on the text?
What changed about Amazon's Value Drivers over time, based on the text?
How does delivering more elements of value impact customer willingness to pay, according to the text?
How does delivering more elements of value impact customer willingness to pay, according to the text?
What do firms that deliver more elements of value stand to gain, based on the text?
What do firms that deliver more elements of value stand to gain, based on the text?
What is the impact of delivering higher scores on most elements of value on customer willingness to pay, as per the text?
What is the impact of delivering higher scores on most elements of value on customer willingness to pay, as per the text?
How did Ford’s moving assembly line contribute to cost advantage?
How did Ford’s moving assembly line contribute to cost advantage?
What major efficiency gains did Dell achieve during the 1990s?
What major efficiency gains did Dell achieve during the 1990s?
Which company's system of lean production combined several work practices leading to cost advantage?
Which company's system of lean production combined several work practices leading to cost advantage?
What did General Motors achieve through spending $40 billion on new process technology between 1979 and 1986?
What did General Motors achieve through spending $40 billion on new process technology between 1979 and 1986?
What contributes to huge cost economies according to the text?
What contributes to huge cost economies according to the text?
What was a key factor in Dell's cost leadership in personal computers during the 1990s?
What was a key factor in Dell's cost leadership in personal computers during the 1990s?
What is the primary focus of the company's strategy to drive down firm costs?
What is the primary focus of the company's strategy to drive down firm costs?
What can be inferred about the impact of the company's reduced focus on 'Rewards Me' in 2018?
What can be inferred about the impact of the company's reduced focus on 'Rewards Me' in 2018?
In which area has the company aimed to make significant improvements to reduce customer effort and time, as mentioned in the text?
In which area has the company aimed to make significant improvements to reduce customer effort and time, as mentioned in the text?
What is the primary purpose of advertising campaigns in conveying the value proposition for firms, as per the text?
What is the primary purpose of advertising campaigns in conveying the value proposition for firms, as per the text?
What do value propositions aim to answer, as mentioned in the text?
What do value propositions aim to answer, as mentioned in the text?
What is the impact of delivering higher scores on most elements of value on customer willingness to pay, as per the text?
What is the impact of delivering higher scores on most elements of value on customer willingness to pay, as per the text?
What are residual efficiencies related to, according to the text?
What are residual efficiencies related to, according to the text?
What are the two tests of a good strategy mentioned in the text?
What are the two tests of a good strategy mentioned in the text?
What does 'Economic Value Added (EVA)' represent according to the text?
What does 'Economic Value Added (EVA)' represent according to the text?
What is the formula for 'Value Created to Customer' as per the text?
What is the formula for 'Value Created to Customer' as per the text?
What do the activities carried out by the company help it create and deliver according to the text?
What do the activities carried out by the company help it create and deliver according to the text?
What aspect of the firm's decisions also influences how much of the value created by the firm can be captured by it?
What aspect of the firm's decisions also influences how much of the value created by the firm can be captured by it?
What is the basis for capturing the created value in a firm's value chain according to the text?
What is the basis for capturing the created value in a firm's value chain according to the text?
