Value Chain Management (Scenario)Randy is the new strategic ...

[jlmhmf]

Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.


Before making any recommendations, Randy informed Rob that a ________ chain is the entire series of organizational work activities that add value at each step beginning with the processing of raw materials and ending with finished product in the hands of end users.
◦ quality
◦ profit
◦ value
◦ supply
◦ transformation

[Dnite]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 36% of students answer this correctly

[luminitza]

Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.


Rob seemed to understand the theory behind value chain management, but was curious about the requirements for a successful value chain. Randy informed Rob that the main requirements for successful value chain management include all of the following EXCEPT ________.
◦ technology investment
◦ competition
◦ supportive organizational culture
◦ collaboration with suppliers and customers
◦ committed leadership

[alexanderhamilton]

competition

[clippers!]

Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.


Randy tells Rob that the value chain management approach radically changes organizational processes. Rob asks Randy if he could elaborate on this point a bit more. Randy says "when managers decide to manage operations using value chain management, old processes are no longer appropriate. Managers must critically evaluate all organizational processes to determine where value is being ________."
◦ subtracted
◦ added
◦ lost
◦ filtered
◦ removed

[carojassy25]

added

[@Brianna17]

Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.


Randy tells Rob that flexibility in job design means that jobs should be redesigned around work processes that ________.
◦ help organizations learn more about their customers
◦ solidify the commitment of members to the goals of their respective work unit
◦ link functions involved in creating value to customers
◦ reduce costs and improve production efficiency
◦ match competitors' capabilities

[stallen]

link functions involved in creating value to customers

[OSWALD]

Value Chain Management (Scenario)
Randy is the new strategic manager for Solutions Tech Inc., a management consulting firm dedicated to assisting small businesses in the pursuit of success. He is currently in a meeting with Rob, who is the owner of a successful small business that creates computer displays for large-scale production facilities. Randy is reviewing the business strategy at Rob's business and has some recommendations.


Randy tells Rob that an effective hiring process is important to value chain management because flexible jobs ________.
◦ require flexible people to fill them
◦ require highly experienced and knowledgeable employees
◦ require a diverse group of highly specialized employees
◦ require employees with multi-tasking capabilities
◦ are difficult to fill in today's competitive labour environment

[potomatos]

require flexible people to fill them