Question: Please Answer the following question i have updated the relevant details required Ques.1 As a case study in questionable management, the article General Motors from
Please Answer the following question i have updated the relevant details required
Ques.1
As a case study in questionable management, the article General Motors from Birth to Bankruptcy in 2009 holds important lessons for all managers. GM's approach of 25 different car companies producing hundreds of different models, compared to Ford's model of one model of car in large quantities was a contrast of:
Question 13 options:
| A comparison of resources consumed in total car product by each. | |
| A comparison of unlimited resources to deploy versus another view towards efficient deployment of resources | |
| A study of operations management practices employed in their car production lines. | |
| A comparison of marketing effort used by each to promote their products. | |
| A comparison of management overhead in terms of the corporate managerial staff count. |
Ques.2
As a case study in questionable management, the article General Motors from Birth to Bankruptcy in 2009 holds important lessons for all managers. Starting in the 1990s, GM engaged in major structural change. Which of the following would not be considered an example of such change?
Question 14 options:
| GM participated with Ford and Chrysler in a buying program to achieve economies of scale in purchasing parts. | |
| GM integrated its design and manufacturing operations. | |
| GM streamlined its overall operations. | |
| GM consolidated nine engine groups into five and combine all of its car divisions' engineering and manufacturing units to eliminate redundancy. | |
| GM decentralized its decision-making processes. |
ques. 3
Determining something a-priori is BEST captured by which of the following expressions:
Question 15 options:
| knowing beforehand who is involved. | |
| knowing beforehand who should do what, when. | |
| knowing beforehand who should do what, when, depending on whom. | |
| knowing beforehand who should do what. | |
| knowing beforehand who should do what, when, depending on whom, and responsible to whom. |
ques.5
As a case study in questionable management, the article General Motors from Birth to Bankruptcy in 2009 holds important lessons for all managers. In response to robust competition, GM was able to cut $100 billion from its overall operating costs, which exceeded the value of both Toyota and Honda at the time. This was not sufficiently comprehensive fix to the business model, and had what systemic business impact?
Question 16 options:
| it put up a robust and competitive wall between itself and the Japanese competitors | |
| it made clear that the company was listening to its customers. | |
| it helped GM to acquire the Japanese know-how to operate its factories efficiently. | |
| it provided the company with an excellent story for its investors. | |
| It prevented the company from confronting its central problems |
ques .6
As a case study in questionable management, the article General Motors from Birth to Bankruptcy in 2009 holds important lessons for all managers. in a dramatic management overhaul, GM's new CEO, Roger Smith, defined a four-point strategy that had the right focus yet failed. The reason for failure was:
Question 17 options:
| the management team were unable to implement them properly. | |
| GM's market dominance meant that the strategy was optional. | |
| consumers expected a discount as the company shifted gears, but it did not provide them with one. | |
| the competition understood the changes and raced ahead with better strategies. | |
| changing a company as big as GM is almost impossible. |
ques.6
In the board assessment of the Colombia spacecraft failure, the opening statement read, "cultural traits and organizational practices detrimental to safety were allowed to develop, including: reliance on past successes as a substitute for sound engineering practices"
This reliance on past successes is something that we discussed in Seminar 9. Which of the following from the 12 checks do you believe would BEST address this failing?
Question 18 options:
| the Affect heuristic: has the team fall in love with its proposal? | |
| the check for Saliency bias: could the diagnosis be overly influenced by an analogy to a memorable success? | |
| the check for Availability bias: if you had to make this decision again in a year's time, what information would you want and can you get more of it now? | |
| the check for Sunk-Cost Policy/Endowment effect: are the recommendations overly attached to a history of past decisions? | |
| The check for Anchoring bias: do you know where the numbers came from? Can there be unsubstantiated numbers? extrapolation from history? a motivation to use a certain anchor? |
Ques. 7
If integration is a core management activity to address Knowledge Asymmetry, do you believe that the following statement is always correct? (True = Yes, False = No)
Integration is the practice that all managers rely on to accomplish all goals.
Question 19 options:
| True | |
| False |
Ques 8.
The driving logic behind asymmetric knowledge, i.e., where one party has greater and typically expert knowledge than the other party, as it applies to management, is that managers are typically required to integrate new information to acquire sufficient knowledge to address an ever-changing landscape of problems.
Does the following situation qualify as a case of Knowledge Asymmetry? (True = Yes, False = No)
Trey, Cassie, and Nkobe have each compiled a different proposal for the direction that they believe the company should take, as the dominant focus for marketing for the coming year. They are about to present their plans to the Chief Marketing Officer.
Question 20 options:
| True | |
| False |
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