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Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
Project
|
One-time production of product to customer order
|
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Job-shop or batch production
|
Process many jobs at the same time in batch
|
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Mass production
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Produce large volumes of standard product for mass market
|
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Continuous production
|
Very high volume commodity product
|
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Competitive advantage
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A unique advantage over competitors
|
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Core competencies
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What your company does well enough to sustain a competitive
advantage
|
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Competing on differentiation
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Competing on quality, pleasing the customer by
understanding attitudes/expectations of quality
|
|
Competing on response
|
Competing on flexibility by producing a wide variety
of products, introducing new products, changing existing products quickly,
responding to customer needs. Includes competing on speed (fast moves, fast
adaptations, tight linkages)
|
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Competing on cost
|
Eliminating all waste, investing in updated facilities
& equipments, streamlining operations, and training and development
|
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Mass Customization
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Producing customized products whenever and
wherever needed based on the whims of customers
|
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Professional Service
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Lawyer, doctor, etc.
|
|
Service Shop
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Jiffy lube
|
|
Mass Service
|
Movie theaters
|
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Service Factory
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Military, police, etc.
|
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International
Strategy
|
Strategy
in which global markets are penetrated using exports and licenses
|
