The Improvement Gap Analysis can be utilised to manage trade-offs in operational strategy. Which of the following is measured by the IGA? Select ALL that apply.
The Improvement Gap Analysis measures customer dissatisfaction levels. It describes the current state of an organisation and what needs to be done to reach the desired state. The gap between these states represents customer dissatisfaction. The IPA matrix by Piccolo et al categorises dissatisfaction into four quadrants, helping organisations determine whether action is needed. (See p. 137)
When would an organisation use a VRIO analysis?
VRIO analysis helps an organisation identify internal resources that give it a competitive advantage.
VRIO stands for Value, Rarity, Imitability, Organisation---factors that determine whether a resource can sustain a competitive edge.
It does not focus on benchmarking (C) or performance monitoring (B).
(LO 2.2, See p.103)
Carla is an Operations Manager at a bank. Customers are requesting more digitalisation of services, and Carla is considering a radical approach that streamlines decision-making and creates efficiency in the organisation's structural resources. What is this approach best known as?
The keyword here is 'radical', which is a key feature of business process reengineering (BPR).
Total quality management (A) is incorrect because TQM focuses on gradual quality improvements.
Lean (C) is incorrect because it focuses on waste reduction, which is not mentioned.
Six Sigma (D) is incorrect because it focuses on process improvement through data and system development, but it is not considered radical.
(LO 2.1, See p.68)
Which area of operations strategy is concerned with information management systems, automation, and productivity?
Process technology refers to information management systems, automation, and productivity tools.
Capacity (A) is related to resource planning.
Supply network design (B) deals with supplier relationships and logistics.
Development and organisational design (D) is about people, structures, and hierarchies.
(LO 2.1, See p.71)
The Improvement Gap Analysis can be utilised to manage trade-offs in operational strategy. Which of the following is measured by the IGA? Select ALL that apply.
The Improvement Gap Analysis measures customer dissatisfaction levels. It describes the current state of an organisation and what needs to be done to reach the desired state. The gap between these states represents customer dissatisfaction. The IPA matrix by Piccolo et al categorises dissatisfaction into four quadrants, helping organisations determine whether action is needed. (See p. 137)
Shanda
17 days agoMadalyn
19 days agoReita
1 months agoRebbecca
1 months agoLuz
2 months agoRessie
2 months agoRhea
2 months agoSheron
3 months agoJettie
3 months agoMajor
3 months agoMaryann
4 months agoRashad
5 months agoMatthew
5 months agoJess
5 months agoWilbert
6 months agoGoldie
6 months ago