Exam 2: Strategy and Sustainability

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May.During both months, the shop employed six full-time (40 hours/week) workers.In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week.What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?

One of the competitive dimensions that form the competitive position of a company when planning their strategies is delivery speed.

The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours.Using the appropriate productivity measure, what is the resulting productivity ratio?

The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio is called flexibility.

Various financial data for SunPath Manufacturing for 2011 & 2012 follow. What is the percentage change in the labor partial productivity measure for SunPath between 2011 & 2012?

One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the best trade-off.

Describe a specific example of the trade-offs between any two of the competitive dimensions.

One of the competitive dimensions that form the competitive position of a company when planning their strategies is cost.

Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?

People who provide capital to the firm through stock purchases are called:

An order winner is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

Within a sustainability framework, the economic dimension of the triple bottom line concept goes beyond just profit for the firm but also provides lasting economic benefit to society.

An order qualifier is a set of screening criteria that permits a firm's products to be considered as possible candidates for purchase.

According to the economic aspect of the triple bottom line concept the firm is obligated to compensate stakeholders by earning a competitive return on investment.

An operations strategy must resist change because of the long term nature of equipment and personnel investments.

An activity-system map is which of the following?

Activity-system maps depict the geographic reach of a company's business strategies.

Wall Street analysts are not particularly concerned with how efficient companies are from an operations and supply management view.

The operations and supply activities of the firm need to strategically support the competitive priorities of the firm.

Various financial data for SunPath Manufacturing for 2011 & 2012 follow. What is the percentage change in the energy partial productivity measure for SunPath between 2011 & 2012?