Core Competencies and Competitive Capabilities

question 75

Multiple Choice

Core competencies and competitive capabilities

• A) usually are lodged in the narrow skills and specialized work efforts of a single department, as opposed to the combined expertise and capabilities of specialists scattered across several departments.
• B) most usually stem from collaborative efforts with strategic allies.
• C) are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.
• D) tend to result in competitive advantage when they involve highly specific technologies and are grounded in a company's own deep technical expertise.
• E) typically are built rapidly, usually in conjunction with important product innovations.

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Definitions:

Lot Size

Represents the quantity of a particular item that is processed, manufactured, or shipped at one time, affecting production planning and inventory control.

Replenishment Cycles

The repeated process of refilling or restocking inventory to maintain a desired level of products available for sale or use.

Safety Inventory Calculations

Methods or formulas used to determine the appropriate level of safety stock to hold to minimize risks of outages.

Supply Uncertainty

Refers to the unpredictability in the availability and timely delivery of materials and resources needed for production.