Question

6. Monsanto has on their website that "We will deliver high-quality products that are beneficial to our customers and for the environment, through sound and innovative science, thoughtful and effective stewardship, and a commitment to safety and health in everything we do.” What does this sentence reflect about the firm?

(a) Its mission.

(b) Its core competencies.

(c) Its strategy.

(d) Its competitive advantage.

7. A software company has spent a great deal of investment in establishing relationships with local universities which have aligned their curriculum to the skills needed for jobs that the company offers. This in turn has led to the software company having a workforce of software developers that no other company has. The fostering of this unique workforce for the firm is primarily considered its

(a) Its mission.

(b) Its core competencies.

(c) Its strategy.

(d) Its competitive advantage .

8. A company seeks to improve the timing it can deliver its product to the customer. Which dimension of strategy would comprise of this action?

(a) Differentiation

(b) Cost

(c) Response

(d) Flexibility

9. Which of the following is not a decision that an operations manager would face?

(a) Location

(b) Layout Design

(c) Product Design and Quality

(d) Advertising Reach

10. In order to achieve their goals, the firm identifies necessary activities which are considered to be

(a) Key Success Factors

(b) Competitive Advantages

(c) SWOT

(d) Core Competencies

Answer 1

Ans 6 - a) Its mission

Reason --It is a mission statement which mention what the company intends to do in a broader prospect.

Ans 7 - c) Its strategy

Reason - Company doesnt want to waste their resources on training the new recruits, they want them ready to take on comapny specific activities from day one itself this is a HR training and development strategy.

Ans 8 - d) Flexibility

Reason - To improve lead times, companies have to be flexible (It can be in terms of working hours,subcontracting or purchasing new resources)

Ans 9 - c) Product design & Quality

Reason - These are the functions of engineering team that are too involved in the technical aspect of the product.

Ans 10 -d) Core competencies

Reason -It is important for the company to identify what they are capable and will be known for.