Why would a manager take advantage of strategic investments at the functional level? to create competitive...

  
 
 
 
 
 
 
 
 

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Why would a manager take advantage of strategic investments at the functional level? to create competitive advantage to create valuable and rare resources Oto use valuable resources to attain superior efficiency to improve its business-level strategy How can a company benefit from economies of scale? low cost O customer responsiveness rapid innovation differentiation How can an organization create price points and costs that are lower than those of its competitors? lengthen the experience curve incorporate mass customization eliminate diseconomies of scale improve efficiency Why are division of labor and specialization important when attempting to achieve economies of scale? Corporate bureaucracy decreases. Complex tasks can be broken down into simple, easy-to-do steps. Employees become more engaged in their work, improving the process. Employees become very good at their particular jobs, increasing productivity. How do learning effects improve economies of scale in a service industry? Employees can be replaced with artificial intelligence units. Firms can create a competitive advantage based on rare resources. Companies invest fewer resources in training new employees. Employees become more efficient over time at every level of output. When would the cost advantages gained from experience effects become obsolete? when new technologies are introduced when customer responsiveness is critical when product volume increases when pursuing diseconomies of scale How do flexible production systems promote customization at unit costs similar to mass production of standardized output? by eliminating the need for a marketing strategy by decreasing learning effects. by reducing setup time for complex equipment by adding variable quality levels Why is establishing loyal customers and lowering defection rates as important as finding new customers? New customers will never replace loyal customers. New customers have lower cost structures. New customers are more likely to buy on credit. New customers have higher fixed costs. How can firms use the research and development function to lower costs and improve efficiency? by improving the inventory flow to promote JIT inventory by promoting self-managing teams during production by designing products that are easy to manufacture by eliminating supply chain issues What serves as a motivator for most self-managing teams? better hiring practices less pay for performance increased responsibility less training needed Why would a manager take advantage of strategic investments at the functional level? to create competitive advantage to create valuable and rare resources Oto use valuable resources to attain superior efficiency to improve its business-level strategy How can a company benefit from economies of scale? low cost O customer responsiveness rapid innovation differentiation How can an organization create price points and costs that are lower than those of its competitors? lengthen the experience curve incorporate mass customization eliminate diseconomies of scale improve efficiency Why are division of labor and specialization important when attempting to achieve economies of scale? Corporate bureaucracy decreases. Complex tasks can be broken down into simple, easy-to-do steps. Employees become more engaged in their work, improving the process. Employees become very good at their particular jobs, increasing productivity. How do learning effects improve economies of scale in a service industry? Employees can be replaced with artificial intelligence units. Firms can create a competitive advantage based on rare resources. Companies invest fewer resources in training new employees. Employees become more efficient over time at every level of output. When would the cost advantages gained from experience effects become obsolete? when new technologies are introduced when customer responsiveness is critical when product volume increases when pursuing diseconomies of scale How do flexible production systems promote customization at unit costs similar to mass production of standardized output? by eliminating the need for a marketing strategy by decreasing learning effects. by reducing setup time for complex equipment by adding variable quality levels Why is establishing loyal customers and lowering defection rates as important as finding new customers? New customers will never replace loyal customers. New customers have lower cost structures. New customers are more likely to buy on credit. New customers have higher fixed costs. How can firms use the research and development function to lower costs and improve efficiency? by improving the inventory flow to promote JIT inventory by promoting self-managing teams during production by designing products that are easy to manufacture by eliminating supply chain issues What serves as a motivator for most self-managing teams? better hiring practices less pay for performance increased responsibility less training needed

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A manager may take advantage of strategic investments at the functional level for several reasons 1 To create competitive advantage Strategic investments can help a company differentiate itself from c... View the full answer