Question 1

Describe five focused initiatives with which a company should start its sustainability journey?

Accepted Answer

The answer of Describe five focused initiatives with which a...

Question 2

How do the operations strategic decisions differ for a product imitator strategy versus a product innovator strategy?

Accepted Answer

The answer of How do the operations strategic decisions differ...

Question 3

Think of an example of a manufacturing (e.g.,3M)or service (e.g.,Southwest Airlines)firm.Briefly discuss in your own words the operations mission,order winner,order qualifiers and distinctive competence of the chosen firm(s).

Accepted Answer

The answer of Think of an example of a manufacturing...

Question 4

Imitative products have low profit margins and fairly predictable demand.

Accepted Answer

Imitative products are usually cheaper and easier to produce, resulting in lower profit margins. The demand for these products is also fairly predictable as they are often similar to existing products in the market.

Question 5

A corporate strategy drives the business strategy,which in turn drives the operations strategy in an organization.

Accepted Answer

Corporate strategy provides direction and guidance for the overall organization, which determines the business strategy, which then influences the operations strategy to align with the company's objectives and goals.

Question 6

The business strategy can be derived from a firm's distinctive competence that is difficult for competitors to copy or imitate.

Accepted Answer

A firm's distinctive competence can give them a competitive advantage that is difficult for competitors to replicate, which can be translated into a business strategy.

Quiz 2: Operations and Supply Chain Strategy