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Questions and Answers
What are the three positions within the network?
What are the three positions within the network?
- Leader, follower, and collaborator
- Strategist, planner, and executor
- Specialist, integrator, and platform (correct)
- Coordinator, analyst, and manager
What is the advantage of the long tail strategy?
What is the advantage of the long tail strategy?
- It allows companies to earn profits by selling low volumes of hard-to-find items to many customers. (correct)
- It allows companies to earn profits by selling low volumes of popular items to many customers.
- It allows companies to earn profits by selling high volumes of popular items to a few customers.
- It allows companies to earn profits by selling high volumes of hard-to-find items to a few customers.
What is the advantage in the new global arena?
What is the advantage in the new global arena?
- Fast delivery and flexible manufacturing
- High volume and low prices
- Intellectual capital and specialization of capabilities (correct)
- Low cost and mass production
What does global sourcing do?
What does global sourcing do?
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What does loose coupling of extended business processes use?
What does loose coupling of extended business processes use?
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Study Notes
- Competitive advantage is created through dynamic specialization, connectivity and coordination, and leverage capability building.
- Mechanisms for building capabilities faster include global sourcing, loose coupling of extended business processes, and productive collaboration.
- Position within the network can be specialist, integrator, or platform.
- Platforms generate direct and indirect network effects.
- The long tail strategy allows companies to earn profits by selling low volumes of hard-to-find items to many customers.
- Niche products create a new market as big as the mass market.
- The advantage in the new global arena is intellectual capital and specialization of capabilities.
- Global sourcing is used to seek out specialized capabilities wherever they reside.
- Loose coupling of extended business processes uses modular design and management techniques.
- Productive collaboration creates suitable settings for people with diverse and appropriate specializations to creatively resolve difficult business issues.
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