A Firm Succeeds on Its Ability to Deliver Products to Customers

question 43

Multiple Choice

A firm succeeds on its ability to deliver products to customers more quickly than rival companies in its industry.This skill is an example of the firm's:

• A)Core competency.
• B)Research effectiveness.
• C)Production efficiency.
• D)Cost control effectiveness.
• E)Value-chain analysis.

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Definitions:

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members.

Group Decision Support Systems

Computer-based systems that facilitate collaborative problem solving and decision-making processes within groups, enhancing efficiency and outcomes.

Transactive Memory

A system of collective memory where groups or partnerships share and delegate the responsibility of remembering different types of information.

Groupthink

A phenomenon that occurs within a group when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.