You Have Just Been Assigned the Task of Developing an Innovative

question 137

Multiple Choice

You have just been assigned the task of developing an innovative new product,using people from engineering,marketing,purchasing,and one or two other departments in the organization.To help the group to be as creative as possible,you would:

• A)give the team a very tight deadline to come up with a creative ideA.
• B)threaten to fire any team member who suggests a silly idea that wastes time in the product-development process.
• C)encourage competition among team members as to who has the best job performance.
• D)move these employees out of their departments and into a common area where they can continuously communicate with each other.
• E)apply all of these activities.

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Definitions:

Inventory

The products and resources kept by a company with the primary purpose of being sold, used in manufacturing, or consumed.

Supply Chain Decision-Making

The process of strategizing, planning, and executing actions across the supply chain to optimize operations and performance.

Competitive Strategy

A method businesses use to achieve a competitive advantage by planning how to outperform their rivals.

Cycle Inventory

The average amount of inventory used to satisfy demand between orders, part of the total inventory that cycles through the supply chain.