Which of the following scenarios is likely to result in an unused (potentially sustainable) competitive advantage? Group of answer choices A firm has a rare and inimitable resource that is not valuable A firm has a valuable, rare resource that is not inimitable All of the options A firm has a valuable, rare, inimitable resource that it is not organized to exploit
Q: QUESTION 1 Which of the following statements correctly describes inrole/task behaviors and citizensh...
A: (B). Both task behaviours and citizenship behaviours vary depending on jobs.
Q: Supposedly, you are a change agent at a mega structured organization: How do you see OD interventi...
A: Organizational development (OD): It is a crucial and science-based procedure that aids organizations...
Q: What is the term for a minor choosing to proceed with the contract and the term for a minor choosing...
A: Disaffirmance refers to a legal term that states the right for one party to reject a contract. So as...
Q: Based on Human resourse management and the health of hospitals', answer the question 300 words). ...
A: Modern Human Resource Architecture- Human resource management refers to a comprehensive process of d...
Q: You are an analyst at a company that is organizationally poised to exploit a resource. You have iden...
A: In a company, a competitive advantage is a characteristic that allows an association to beat its riv...
Q: Which external sources of recruitment are commonly used by the big enterprises that you believe are ...
A: External sources of recruitment provide a large pool of candidates for the vacant position. This all...
Q: Why is strategic planning important for entrepreneurs? (1000 words please!)
A: Strategic Planning can be defined as a process of prioritizing activities; engaging all the employee...
Q: Using each of Hofstede's 5 cultural dimensions, compare these two co-workers to help determine why t...
A: In the age of globalization, culture around the world is getting more and more connected. Today, man...
Q: Ashok, from the HR department, manages the compensation planning function. As the company has commi...
A: Introduction- Human Resource management plays an important role in the organization by working on v...
Q: Answer the following questions : 1. From planning to completed project, name the principal individu...
A: “Since you have asked multiple question, we will solve the first question for you. If you want any s...
Q: Explain two objectives of the polluter pays principle (PPP)
A: The polluter pays principle was mainly introduced with the intention of imposing liability on those ...
Q: Devil's advocacy Select one: O a. includes downplaying the problems that could result from implement...
A: The correct option is D. Devil's advocacy:- D- involves generating a plan, and a critical-analysis o...
Q: human right, an investment, a commodity to be bo political demand but not an expenditure. O a. True ...
A: Insurance refers to a contract where an entity gets reimbursed for the losses incurred by them.
Q: A process of combined data simulation and model fitting used for evaluating the robustness, uniquene...
A:
Q: Why should crisis management be part of an organization's strategic planning process ?
A: Concept Introduction Crisis Management refer to the recognition of threats by an organization and th...
Q: he Build Measure Learn loop in the Entrepreneurial Method is mainly about: O a. 2. Rapid build, meas...
A: Build-measure-learn or called a (BML) is a procedure of building a good, estimating consumer metrics...
Q: What are the common challenges for Global Human Resources?
A: Internal business are critical to operate and manage as the global standards are ever fluctuating an...
Q: QUESTION 1 There are some big differences between ordinary small businesses or privately held compan...
A: Entrepreneurship is creating a new business, launching it and creating the maximum value out of the ...
Q: Is strategic management the sole prerogative or responsibility of the top managers of an organizatio...
A: Yes, Strategic Management is the sole responsibility of the top managers.
Q: Is Hope Depot Flat or Tall and Matrix or Networked? Why is Home depot structured in the way you iden...
A: The structure of business determines the reporting relationship to employees where they understand t...
Q: Mintzberg maintains that emergent strategies are often successful and may be more appropriate than i...
A: Henry Mintzberg is a Canadian academic and author on management. According to him, an Emergent strat...
Q: Directions: Below are quotes from CEO's of business organizations. Give your insights in every quote...
A: Looking for opportunity is important instead of looking for industry. Opportunity is what makes ever...
Q: n phase is considered most important in training and it's benifits
A: Training design refers to developing new training and educational lessons/courses for current employ...
Q: A non-resident alien who has stayed in the Philippines for more than 180 days during any calendar ye...
A: A non-resident foreigner/immigrant in the Philippines is someone who is neither a Philippines citize...
Q: How to reduce costs by reducing employees and also sell some less used stuff in the organization?
A: Whether a company is big or small, expenditures are something a business holder is continuously look...
Q: Talk about what kinds of things do you value in a job, that makes you satisfied.
A: Herzberg’s Two-Factor Theory of Motivation is also known as the motivation hygiene theory and tells ...
Q: What is organization breakdown structure?
A: In an organization, the structure, culture, framework, and design play key roles in determining the ...
Q: Iuiga takes an original design manufacturers (ODM) approach to its business. Compare and contrast th...
A:
Q: Compare and contrast between personnel management and human resource management. Based on your compa...
A: Personnel Management Personnel Management is the traditional approach used that is only concerned wi...
Q: 3 characteristics of effective team.
A: Individuals with varying traits, talents, and viewpoints make up teams. To reach a common goal, each...
Q: What is the role portrayed by the recruitment, selection, training and development functions of the ...
A: The entrepreneur will carry on the business activities to increase the profitability of the organiza...
Q: Consider the two managerial sub processes of managerial functions and managerial roles. a) Give an ...
A: Support business procedures are often distinct as those which do not pay straight to the understandi...
Q: How are the managerial theories different from each other?
A: MANAGEMENT: Management is the process of planning, organizing, staffing, directing, and controlling,...
Q: Within a diversified company, the responsibilities of corporate-level strategic managers include Sel...
A: A Diversified organization is a kind of organization that has different disconnected organizations o...
Q: “Human resources functions such as recruitment and selection, training and development, performance ...
A: HRM or Human Resource Management is the backbone of the organizations. The HRM facilitates the organ...
Q: Critically evaluate the relationship between corporate governance and enterprise risk management and...
A: Risk assessment: It assists in continual enhancement by implementing risk alleviations that improve ...
Q: Hwo do you perceive diversity in a workforce?
A: Globalization is spreading significantly across nations so that multinational organizations can emer...
Q: Q2 No HandWriting: List and explain briefly any five characteristics of the organizational cultures...
A: The entrepreneur will carry on the business activities to increase the profitability of the organiza...
Q: Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obs...
A: Entrepreneurs are those individuals who decide to come up with innovative ideas in order to create c...
Q: Can a leader truly exercise the values espoused by their organization or are their behaviors simply ...
A: Leadership refers to the potential and ability of an individual to inspire, influence, and guide oth...
Q: compare and contrast Mom's Touch and Burger King Contrast food quality, service, facilities, cost, c...
A: Mom's touch & the burger King equally are well-known with their burger & making a crispy coo...
Q: Pam listens carefully to what her coworkers have to say because she knows how important it is to tak...
A: 4. The correct answer is B. personality. Personality along with attitude, motives, desires, etc. are...
Q: QUESTION 3 Forced distribution is a type of special rating instrument which can help address which t...
A: Performance appraisal tend to identify the skill efficiency and contribution by employees. It genera...
Q: Boards need to consist of at least 3 independent directors of 1/3 of the board which is higher. b...
A: The board of directors are the representatives of the share holders. Their primary role is to protec...
Q: What are the two enterprise systems to which they are connected, and how do they interact with those...
A: Business systems are generally in a position to support administrations with company-wide knowledge,...
Q: a) Describe the three types of leaders as identified by classic studies. b) For each type, identify ...
A: Leadership is the ability to influence and guide the followers. It is an act of a motivating group o...
Q: When Sara went for her first job interview for a teaching position, she was very aware of her answer...
A: In the given scenario, Sara was quite attentive because she was able to observe every minute detail ...
Q: There is a __________ relationship between types of family structure and industrialization
A: The business has role to provide society with needed goods and services. It would help the society t...
Q: A doctor has decided to buy lunch for his office staff. The receptionist has been asked by the docto...
A: When your employee experiences a business related injury or disease, there are a few stages you shou...
Q: You are operating in Trinidad and want to market your Petroleum Gas to Brazil. Conduct an assessment...
A: Business expansion and growth are significant for the survival of operations and activities. Today, ...
Which of the following scenarios is likely to result in an unused (potentially sustainable) competitive advantage?
In general terms, sustainable competitive advantage refers to a scenario whereby an organization is able to use its unique attributes in order to derive long term benefit.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.
- Which of the following scenarios accurately reflects the meaning of the profit leverage effect? Group of answer choices With a 7.6% profit margin, decreasing your cost of goods sold (COGS) by $10,000 increases your pre-tax profits by $10,000, but increasing your sales by $10,000 only increases your pre-tax profits by $760. When operating with a 7.6% profit margin, your cost of goods sold will be $10,000 as long as your sales exceed $10,000. With a 7.6% profit margin, every additional $10,000 in sales increases your pre-tax profits by $10,000, while every $10,000 saved in purchasing increases your pre-tax profits by just $760. If your profit margin is 7.6%, every $10,000 saved in purchasing lowers your COGS sold by $760.Consider the requirement that shopping malls need a license to remain open 24 hours, where these licenses are in fixed supply. These licenses are however freely tradable among actual and potential owners, and the industry is perfectly competitive. If the average 24-hour shopping mall’s annual revenue is $250,000, while the licenses may be leased at an annual fee of $100,000. Given this information, average variable cost for the industry would be $100,000. Is the preceding statement true or false?May and Ray have spent years repairing Volkswagens, and have become very knowledgeable in Volkswagen repairs. They have also built up a network of reliable Volkswagen mechanics and parts dealers. Their network profers them superior access to low-cost parts. They eventually decide to open a repair shop of their own. Which of the following statements represents a possible business strategy for May and Ray's repair shop? Group of answer choices “We will double the number of Volkswagens we service each year, thus increasing our volume of parts purchased, thus decreasing our costs and increasing our economic value.” “We will utilize our superior knowledge of Volkswagen repair as well as our network of parts dealers to repair Volkswagens for less than standard price, thus attracting more customers, thus increasing our volume of parts purchase, further decreasing our costs.” “We provide high-quality, efficient Volkswagen repair for a fraction of the going rate.”
- A Las Vegas, Nevada, manufacturer has the option to make or buy one of its component parts. The annual requirement is 20,000 units. A supplier is able to supply the parts for $10 per piece. The firm estimates that it costs $600 to prepare the contract with the supplier. To make the parts in-house, the firm must invest $50,000 in capital equipment, and the firm estimates that it costs $8 per piece to make the parts in-house. Assuming that cost is the only criterion, use breakeven analysis to determine whether the firm should make or buy the item. 1. What is the breakeven quantity? 2. Should the manufacturer Make or Buy? 3. What is the cost savings using your decision in number 2 (above)? Show the total cost for each scenario then the savings amount.Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. An operations manager must purchase new equipment has developed a table of conditional values for the various alternatives (equipment options) and states of nature (demand market conditions). states of nature (market conditions) Alternatives Good Average Poor X800 $38,000 $21,000 -$18,000 Y900 $33,000 $16,000 -$12,000 Z1000 $29,000 $19,000 $6,000 If the probabilities associated with the states of nature are 0.40 for a good market, 0.40 for an average market, and 0.20 for a poor market, determine: 1. the alternative that provides the greatest expected monetary value (EMV)Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell An operations manager must purchase new equipment has developed a table of conditional values for the various alternatives (equipment options) and states of nature (demand market conditions). states of nature (market conditions) Alternatives Good Average Poor X800 $38,000 $21,000 -$18,000 Y900 $33,000 $16,000 -$12,000 Z1000 $29,000 $19,000 $6,000 If the probabilities associated with the states of nature are 0.40 for a good market, 0.40 for an average market, and 0.20 for a poor market, determine: 2. the expected value of perfect information (EVPI)
- Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, Phillip believes that the probability in any year of a "super-event" that might shut down all suppliers at the same time at least 2 weeks is 3%. Such a total shutdown would cost the company approximately $480,000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $16,000 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available. Find the EMV for alternatives using 1, 2, or 3 suppliers. EMV(1)=$54,40054,400 (Enter your response rounded to the nearest whole number.) EMV(2)= ? $ (Enter your response rounded to the nearest whole number.) EMV(3)= ? $ (Enter your response…The task I am struggling with: A manufacturing company producing medical devices reported $60 000 000 in sales over the last year. At the end of the same year the company had $ 20 000 000 worth of inventory of ready-to-ship devices.a) Assuming that units in inventory are valued (based on COGS) at $1000 per unit and are sold for $2000 per unit, how fast does the company turn its inventory? The company uses a 25% per year cost of inventory. That is for the hypothetical case that one unit of $1000 would sit exactly one year in inventory, the company charges its operations division a $250 inventory cost.b) What in absolute terms is the per unit inventory cost for a product that costs $1000? Thank you very much for your help.The Woody Company manufactures slippers and sells them at $10 a pair. Variable manufacturing costs are $4.50 a pair, and allocated fixed manufacturing costs are $1.50 a pair. It has enough idle capacity available to accept a one-time-only special order of 20,000 pairs of slippers at $6 a pair. Woody will not incur any marketing costs as a result of the special order. What would the effect on operating income be if the special order could be accepted without affecting normal sales? (a) $0, (b) $30,000 increase, (c) $90,000 increase, (d) $120,000 increase