Innovation, Consumer Understanding, Brand-Building, Go-To-Market, and Scale Are Activities That

question 120

Multiple Choice

Innovation, consumer understanding, brand-building, go-to-market, and scale are activities that P&G (Chapter 3 Strategic Focus) performs well and are examples of the company's __________ .

• A) tangible resources
• B) intangible resources
• C) core competencies
• D) capabilities

Comprehend the role of strategic alliances in pursuing mutual interests among organizations.

Grasp the concepts of incremental and emergent strategies and their development over time.

Recognize the importance of the corporate, business, and functional levels of strategy within a business.

Identify the components and implications of various strategic frameworks, including the Miles and Snow adaptive framework and the BCG matrix.

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Definitions:

Production Efficiencies

The optimization of resources and processes to maximize output while minimizing waste and costs in manufacturing.

Production Systems

The combination of human resources, equipment, and procedures used to produce goods or services, often characterized by a specific volume and quality output.

Quality Problem

Issues related to the inability of a product or service to meet specified standards or customer expectations.

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant known for his work in the field of quality management.