Discuss the impacts of the competition globalization driver on people processing, possession processing, and information-based service categories. Give at least one example of a firm that falls into each category
What will be an ideal response?
For people processing services, the need for simultaneous production and consumption limits leverage of foreign-based competitive advantage in the front-stage of the service factory, but advantage in management systems can be the basis for globalization. For example, McDonalds restaurants must have a facility to serve customers to compete with restaurants in foreign countries. For possession processing services, the lead role of technology creates the driver for competitors with a technical edge. For example, Singapore Airlines services other carriers' aircraft abroad. Information-based competition is highly vulnerable to global dominance by competitors with a monopoly or competitive advantage in information unless restricted by governments. The BBC, Hollywood, and CNN are good examples of firms that fall in this category.
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Answer the following statements true (T) or false (F)
1. A fixed budget does not allow for adjustment over time except when there are pertinent changes in the environment. 2. A variable budget allows the allocation of resources to vary in proportion with various levels of activity. 3. A balance sheet summarizes an organization's overall financial worth at a specific point in time. 4. A cash flow statement summarizes an organization's financial results over a specified period of time.
If a cost is irrelevant to a decision, the cost could not be
a. a sunk cost. b. a future cost. c. a variable cost. d. an incremental cost.
Large organizational groupings are more flexible than teams because they can be assembled, deployed, refocused, and disbanded more quickly
Indicate whether the statement is true or false
Jeremy told his mentor, "My top programmer, Kim Park, has developed an app that's going to make his career around here. But it's going to take some serious money to promote it and sell it to one of the big players. I'm convinced that Kim has the skills needed to polish the software or even the managerial skills needed to advance the idea and secure funding." In the development of new technology, Kim's role is as
A. product champion. B. executive champion. C. technical innovator. D. chief information officer E. category captain.