Deck 6: Scanning and Global Supply Chain Design

Question 1

The desire to get into the competitive game has driven companies to add __________ at breakneck speed.

A) quality
B) capacity
C) suppliers
D) customers

Answer 1

capacity

Question 2

_________ is the acquisition and use of information about events, trends, and relationships in an organization's internal and external environments.

A) Environmental scanning
B) Research
C) Consolidation
D) Reconciliation

Answer 2

Environmental scanning

Question 3

Toyota and Honda relied on suppliers for approximately ________ percent of a car's value.

A) 80
B) 30
C) 45
D) 60

Answer 3

80

Question 4

Henry Ford's early twentieth-century vision of a completely integrated company is now viewed as ________ and________.

A) innovative, futuristic
B) impractical, unwieldy
C) ingenuous, far-reaching
D) brilliant, visionary

Question 5

Success requires more than great players; it depends on getting everyone to accept specific ________ and ________.

A) competition, strategies
B) change, initiatives
C) roles, responsibilities
D) innovation, customization

Question 6

_______analysis often accompanies scanning efforts.

A) SWOT
B) Pareto
C) Strategic
D) Organizational

Question 7

________ has made the world smaller, bringing not only far away events but also distantly produced products into the homes of consumers worldwide.

A) Competition
B) Management
C) Technology
D) Production

Question 8

As customers gained access to a wide array of competitive offerings, power began to shift toward the __________.

A) suppliers
B) competitors
C) customer
D) employees

Question 9

The quest for _________ in a competitive world has led managers to step tentatively out of their comfort zones.

A) profits
B) perfection
C) survival
D) success

Question 10

A critical step in the analysis is to organize the findings in a way that communicates a________.

A) value-adding story
B) marketing strategy
C) compelling story
D) quantifiable answer

Question 11

These_______ efforts helped Motorola stay on the cutting edge of technology for many years.

A) scanning
B) marketing
C) innovative
D) production

Question 12

________ becomes a primary mode of organizational learning.

A) Marketing
B) Change
C) Scanning
D) Seminar

Question 13

Meeting ______ expectations while mitigating performance trade-offs is a huge challenge for SC managers.

A) customer
B) manager
C) competitor
D) supplier

Question 14

Fierce, unrelenting _______ is the common denominator in today's economy.

A) value
B) price
C) profit
D) competition

Question 15

Modest failures to meet analysts' expectations can batter a _________ price.

A) product's
B) stock's
C) company's
D) supplier's

Question 16

Only by working as ________ can companies thrive in today's competitive environment.

A) competitors
B) partners in profit
C) isolated units
D) public concerns

Question 17

To deliver unsurpassed customer value, companies must develop unique __________, relying increasingly on capable SC partners.

A) competencies
B) suppliers
C) customers
D) processes

Question 18

________ enables winning business models.

A) management
B) innovation
C) information
D) SCM

Question 19

The growth of__________ manufacturing has made it highly attractive for companies.

A) automatic
B) cell
C) technical
D) contract

Question 20

Competitive success depends on how well a company, and its supply chain, adapts to new_________ demands.

A) business
B) organization
C) market
D) supplier

Question 21

From 1947 to the end of the twentieth century, worldwide tariffs increased from over 40 percent to an average of over 65 percent

Question 22

It has even been said that the Eastern Block's thirst for Coca-Cola and Levi's had nothing to do with bringing down the Berlin Wall.

Question 23

Almost 50 percent of the world's gross domestic product (GDP) is produced beyond America's borders.

Question 24

Few companies have mastered the art and science of________.

A) role shifting
B) supply chain management
C) marketing
D) employee satisfaction

Question 25

The ________ has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer.

A) Internet
B) SCM
C) competition
D) global sourcing

Question 26

Globalization has brought with it some serious challenges that include pollution, workers' rights violations, and job displacement.

Question 27

According to Levitt, technology had changed consumer attitudes, irrevocably homogenizing wants and needs.

Question 28

The cost of information exchange has always limited economic integration.

Question 29

To make good day-to-day decisions, managers need to neglect the competitive implications of globalization.

Question 30

Internet was the first technology to propel globalization.

Question 31

Companies have competed on the basis of ________ since the just-in-time revolution.

A) inventory
B) supplier base
C) speed
D) profits

Question 32

Andrew Grove, former CEO of Intel, has noted that intense competition is the one constant in a global economy

Question 33

Better logistics have lowered the barriers to a global economy

Question 34

Physical distance has always increased costs and limited market size.

Question 35

No company wants to fight tomorrow's competitive battles with yesterday's outdated and obsolete ________.

A) products
B) technologies
C) management ideas
D) machines

Question 36

Our standard of living does not depend on the specialization and scale afforded by global operations.

Question 37

Most worldwide consumers and workers perceive that they are worse off after 50 years of economic integration than any previous generation.

Question 38

Managers cannot opt out of the competitive environment in which their companies operate.

Question 39

The time from first action to competitive response is growing.

Question 40

Wasted time and effort are the primary targets of continuous improvement efforts.

Question 41

Improved control, in theory, comes from assuring supply sources, enhancing cooperation, and exerting direct influence over product quality and delivery.

Question 42

Fill in the Blank(s)
Technology has also enhanced logistical .

Question 43

In many countries, 50 percent or more of the population is under 20 years old.

Question 44

Fill in the Blank(s)
Great win profitable market share because they are comprised of excellent companies that perform specific, valued roles excellently.

Question 45

The triad of North America, South America and Asia represents the wealthiest and most populous economies in the world.

Question 46

Managers need to assess political undercurrents that might jeopardize a global business strategy.

Question 47

What has lead to an increase in mergers and acquisition activity? Give three examples and one possible reason for the M&A per example.

Question 48

The approximately 5 billion consumers who live in emerging markets have shown that they are more demanding consumers, no longer willing to buy outdated models.

Question 49

Increased competitiveness was attributed to the vertical integration strategies undertaken to improve performance.

Question 50

What led to the economic recession in American manufacturing industry in the 1980's?

Question 51

General Electric estimates that 60 percent of its revenue growth over the next decade will come from domestic markets.

Question 52

The go-it-alone business model-where a company controls all the key value-added processes-lacks the agility and speed demanded by the marketplace.

Question 53

The most important financial issue in international business is managing exchange rates.

Question 54

Since companies are working to reduce the number of suppliers they buy from, customers look for suppliers who can support their operations around the world

Question 55

A triadic presence exposes companies to economic slowdowns.

Question 56

Fill in the Blank(s)
Just as television changed wants; is changing capabilities.

Question 57

Why is it necessary for companies to think in global terms? Give 4 reasons.

Question 58

List and explain 3 rules of globalization.
Establish a triadic presence
Utilize beachheads
Achieve seamless performance across markets
Extend reach through alliances
Compete in competitor's home markets
Coordinate global activities
Fill in the Blank(s) (Blank Identified in RED)

Question 59

Fill in the Blank(s)
At the heart of the new product development process is the cycle.

Question 60

Fill in the Blank(s)
remains a structural impediment to a fully integrated global economy.

Question 61

Fill in the Blank(s)
However, most companies-regardless of size, location, or resource status-participate as members of global

Question 62

Fill in the Blank(s)
The real story of the 1980s was that global had arrived.

Question 63

Fill in the Blank(s)
integration has redefined the roles of SC participants.

Question 64

Fill in the Blank(s)
is the number one destination for foreign capital, attracting over $50 billion in foreign direct investment per year in recent years.

Question 65

Fill in the Blank(s)
is another financial issue that merits attention and expert assistance.

Question 66

Fill in the Blank(s)
Companies must learn how to build brands while establishing a local presence in diverse markets to achieve success.

Question 67

Fill in the Blank(s)
partners can provide market knowledge, technological expertise, operating know-how, and/or financial resources.

Question 68

Fill in the Blank(s)
means that the company delivers the same high-quality product with the same excellent service everywhere it does business.

Question 69

Fill in the Blank(s)
Companies that master the art and science of can anticipate changes before they occur.

Question 70

Fill in the Blank(s)
early twentieth-century vision of a completely integrated company is now viewed as impractical and unwieldy.