Strategic Management
3rd Edition
ISBN: 9781259420474
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 6, Problem 4DQ
Summary Introduction
To determine: The situation when the managers should be concerned with large-scale production runs and practices that foster hiring, training, and retention of key employees.
Introduction:
Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.
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What will happen to the performance metrics if we are able to substantially increase the volume of offerings by some newer methods?
Yahya is an owner of a restaurant in his area. Waiters of his restaurant have been working for him for a long time and they are professional and enthusiastic at work. He has a very good idea to improve his business. He wants to employ robots as waiters to attract more customers. Now he is in a real dilemma to choose between_______________
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what will happen to the performance metrics if we are able to substantially increase the volume of offerings by some newer methods>
-we will be able to charge a better premium in the market for our product/services
-The deliver cost of our product will come down, increasing our propensityto be profitable in operations
-we will discover more defects in the operations
-we will miss our delivery commitments more often than before
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