Continuous Improvement Is NOT

question 25

Multiple Choice

Continuous improvement is NOT

• A)critical in a dynamic environment.
• B)important to finding and maintaining a competitive advantage.
• C)an effort to find ways to increase overall efficiency, improve quality, and reduce costs.
• D)a responsibility of managers in world-class organizations.

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Definitions:

Strategic Outsourcing

The practice of delegating certain operational functions to external entities to reduce costs, improve efficiency, or focus on core competencies.

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors.

Organizational Resources

Assets, capabilities, and inputs that an organization utilizes to operate and achieve its objectives, including human, financial, and physical resources.