Strategic Management and Time-based Strategies - 1031 Words

Tricia Acosta BUM 4013 (01) Production and Operations Management Discussion and Review Questions 1.From time to time, various groups clamor for import restrictions or tariffs on foreign-produced goods, particularly automobiles. How might these be helpful? Harmful? It helps the country receiving tax monetarily, allows state to flourish internally, and more costly for exporters. 2. List the key ways that organizations compete. a. Product and service design b. Cost c. Location d. Quality e. Quick response f. Flexibility g. Inventory management h. Supply chain management i. Service j. Managers and workers 3. Explain the importance of identifying and differentiating order qualifiers and order winners. Order qualifiers†¦show more content†¦counterpart. What are some possible explanations for this, assuming that U.S. workers are as hardworking as Japanese workers? Low labor cost strategy: Immediately after the war, exploited the (then) inexpensive labor pool. Scale-based strategy: During the 1960s, used capital intensive methods to achieve higher labor productivity and lower unit costs. Focused factories strategy: During the 1970s, used smaller factories that focused on narrow product lines to take advantage of specialization and achieve higher quality. Flexible factories strategy: During the 1980s, reduced the time needed to incorporate new product and process designs. Used flexible equipment that allowed volume and design changes, as well as product variety. 12. Boeing’s strategy appears focus on its 777 midsize plane’s ability to fly into smaller, nonhub airports. Rival European Airbus’ strategy appears to focuses on large planes. Compare the advantages and disadvantages of these two strategies. Boeing 777: Flew from Sydney to London without refueling. (adv) The family of airplanes distinguished by its fuel-efficiency, spacious cabin interior, range capability, commonality and reliability. New design and testing initiatives helped ensure the highest possible levels of reliability. (dis) most notably that headwinds would make it difficult for the plane to fly Sydney-London without stopping. Airbus 380: (adv) The main advantage is that it can shipShow MoreRelatedThe Objectives Of Strategic Management Essay1055 Words   |  5 Pages A strategy is a plan of action designed to achieve a specific goal or series of goals within an organizational framework. Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively (Rumelt, 2011). Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. 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