Podcast
Questions and Answers
Which of the following are considered business drivers according to Atkin and Brooks (2015)?
Which of the following are considered business drivers according to Atkin and Brooks (2015)?
- Market opportunities and rationalization of operations (correct)
- Market opportunities and downsizing
- Product launch windows and rationalization of operations
- Competition and downsizing
What is the main reason for closely guarding constraints in facility management?
What is the main reason for closely guarding constraints in facility management?
- To ensure the facility management team has full control
- To prevent competitors from copying the facility management strategies
- To maintain the element of surprise for competitors
- To avoid revealing weaknesses to competitors (correct)
In what situations is facility management often used?
In what situations is facility management often used?
- To find space to nurture and grow new business
- To find ways of reducing operating costs
- Both A and B (correct)
- Neither A nor B
How should investment in a new facility be considered?
How should investment in a new facility be considered?
When does an organization have to think and act strategically according to the text?
When does an organization have to think and act strategically according to the text?
Study Notes
Facility Management Strategy: Business Drivers and Constraints
- Business drivers for facility management include market opportunities, competition, product launch windows, rationalization of operations, and downsizing.
- Business drivers are often publicly known, while constraints are closely guarded to avoid revealing weaknesses to competitors.
- Facility managers need to be aware of constraints to understand limitations in resources.
- Facility management is often used to reduce operating costs and create space for new business growth.
- Investment in a new facility requires strategic, tactical, and operational considerations.
- Strategic thinking and action are necessary for policy and procedure decisions related to facility management.
- Facility managers need to consider the long-term goals and objectives of the organization.
- Tactical planning involves determining how facility management aligns with overall business strategies.
- Operational considerations involve day-to-day facility management tasks and operations.
- Facility managers need to balance cost reduction with the need for space to support business growth.
- Facility management can contribute to the overall success and competitiveness of an organization.
- Facility managers play a crucial role in ensuring efficient and effective use of resources for business operations.
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Description
Test your knowledge on facility management strategy business drivers and constraints with this quiz. Learn about market opportunities, competition, product launch windows, rationalization of operations, downsizing, and more.
