Author Question: Fast-food restaurants such as Wendy's, Burger King, and Taco Bell employ a single-line strategy. In ... (Read 52 times)

tfester

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Fast-food restaurants such as Wendy's, Burger King, and Taco Bell employ a single-line strategy. In comparison, McDonald's employs a multiple line strategy. The single-line strategy helps minimize the effects of which of the following principles of waiting?
 A) Preprocess waits feel longer than in-process waits.
  B) Unoccupied waits feel longer than occupied waits.
  C) Unfair waits seem longer than equitable waits.
  D) Solo waits feel longer than group waits.
  E) The more valuable the service, the longer the customer will wait.

Question 2

Compare and contrast the traditional use of power in a marketing channel versus today's notion of integrated and collaborative supply chains. Do the five traditional power bases still play a role in today's era of collaboration? Explain.



Liamb2179

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Answer to Question 1

C

Answer to Question 2

Power can be defined as the influence that one channel member has over others in the supply chain. Powerful channel members have the ability to get other firms to do things that they otherwise would not do. Depending on how the channel member uses its influence, power can create considerable conflict, or it can make the entire supply chain operate more smoothly and effectively. There are five basic sources of power in a supply chain:

 Legitimate Power-This power source has to do with the firm's position in the supply chain.
 Reward Power-The ability to help other parties reach their goals and objectives is the crux of reward power.
 Coercive Power-In contrast to reward power, coercive power is the ability to take positive outcomes away from other channel members or the ability to inflict punishment on other channel members.
 Information Power-Having and sharing knowledge is the root of information power. Such knowledge makes channel members more effective and efficient.
 Referent Power-Referent power has its basis in personal relationships and the fact that one party likes another party.

The sources of power or influence change as a supply chain moves toward integration and collaboration. Traditional marketing channels have made heavy use of legitimate, reward, and coercive power sources. Collaborative supply chains focus on win-win outcomes and work to get past these natural sources of confrontation. Here, reward and referent power become used most frequently, with the most important source of influence being information. Successfully confronting the problems that naturally materialize in a supply chain depends on the effective development, communication, and utilization of information.



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