In Terms of Business Strategy as a Driver of Operations

question 40

Multiple Choice

In terms of business strategy as a driver of operations, Toyota uses the ________ strategy, while 3M uses the ________ strategy.

• A) quality; dependability
• B) flexibility; dependability
• C) quality; flexibility
• D) lower price; quality
• E) lower price; flexibility

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Definitions:

Centralized Decisions

Decision-making process where important decisions are made by a small group of people, typically higher management, at the center of the organization.

Top Executives

Individuals who hold the highest-level management positions in an organization, responsible for strategic decision-making and leadership.

Emotional Maturity

The ability to understand, manage, and effectively express one's emotions, as well as handle interpersonal relationships judiciously and empathetically.

Fantasizing Success

involves vividly imagining achieving success, which can serve as motivation or an emotional escape but may also distract from actionable planning.