Operations Management and VUCA
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Questions and Answers

VUCA stands for Volatile, Uncertain, Complex, and Ambiguous?

True

The industry environment refers to the five competitive forces that confront any participant in the industry?

True

The external environment includes politico-legal, socio-cultural, economic, demographic, global, natural, and other factors?

True

VUCA translates to decreased organizational risk for existing and new offerings of organizations?

<p>False</p> Signup and view all the answers

Operations Management (OM) plays a role in Porter's Value Chain Framework?

<p>True</p> Signup and view all the answers

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