Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 4, Problem 1MS
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To explain: The strengths and weakness of Person X
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Fast moves or "Speed to Market" is a crucial operations strategy in today's fast-pacedbusiness environment, where the ability to introduce new products or services quickly canprovide a significant competitive advantage.a. Briefly discuss the importance of "Speed to Market" as an operations strategy intoday's fast-paced business environment.b. List two (2) real-world companies that have successfully employed this strategyto gain a competitive advantage and capitalise on emerging market opportunities.c. Compare and contrast the impact of "Speed to Market" on the success of thesecompanies with those that have been slow to respond to changing marketdemands.
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Suppose you tried to explain the concept of weighted evaluation models to a manager, and she responded by asking, “So, how do you set the weight factors? Is it just a subjective guess?” How would you reply?
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For each of these organizations, recommend a pairing of a system design tool and a system operation tool that you believe will work especially well in the competitive environment faced by the organization. Be sure to explain why the tools you have chosen are uniquely suited to the competitive environment faced by that organization.
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