What are the five stages Nidumolu et al. describe in the process of becoming a sustainable business.
What will be an ideal response?
The five stages are:
• Viewing compliance as an opportunity
• Making value chains sustainable
• Designing sustainable products and services
• Developing new business models
• Creating next-practice platforms
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Answer the following statements true (T) or false (F)
1. A markdown on certain grocery-store items may result in a rush of customer demand for those products, which is an example of the control systems benefit of detecting threats. 2. One reason why control is needed is to centralize decision making. 3. The control process begins with measuring performance. 4. A control standard is the average performance level for a given workplace activity.
A supervisory-level manager of a company who applies the level of administrative skills to the degrees delineated in Katz’s model ______.
A. incorporates the entire staff in the process of shaping the company’s goals B. is more “hands-on” with producing the company’s product than interacting with staff C. has higher involvement with ideas than with people D. avoids getting to know the staff
Which statement describes a distribution strategy of a service organization?
A. The intensity of distribution should exceed the target market's needs and preferences. B. Having too many outlets to distribute products may boost costs unnecessarily. C. The location of a service does not influence the distribution strategy of a time-dependent service provider. D. Because services are intangible, many service firms choose indirect distribution strategies.
Which of the following statements is true of a flextime plan?
A. It allows two or more employees to share a single full-time job. B. It makes less sense in jobs that entail extensive teamwork. C. It is extremely useful in jobs that entail extensive customer interaction. D. It tends to decrease employee morale and retention.