The document is a summative test from Urdaneta City University's College of Tourism and Hospitality Management covering strategic management and total quality management concepts. The test covers identification questions testing knowledge of key terms like value chain, production, and competitive strategies. It also covers enumeration questions asking to list the 8 competitive strategies, 4 integrative growth strategies, and 3 types of customers in a supply chain.
The document is a summative test from Urdaneta City University's College of Tourism and Hospitality Management covering strategic management and total quality management concepts. The test covers identification questions testing knowledge of key terms like value chain, production, and competitive strategies. It also covers enumeration questions asking to list the 8 competitive strategies, 4 integrative growth strategies, and 3 types of customers in a supply chain.
The document is a summative test from Urdaneta City University's College of Tourism and Hospitality Management covering strategic management and total quality management concepts. The test covers identification questions testing knowledge of key terms like value chain, production, and competitive strategies. It also covers enumeration questions asking to list the 8 competitive strategies, 4 integrative growth strategies, and 3 types of customers in a supply chain.
1. It is a sequence of interlinked undertakings that an organization operating in a
specific industry engages in. VALUE CHAIN 2. Value Chain Model is a strategic management tool developed by ________, the combination of processes that the company uses to make money. MICHAEL PORTER 3. Are processes that transform operational input into output to satisfy consumer needs & requirements. PRODUCTION AND OPERATION 4. It is the process of producing goods using people or machine resources. MANUFACTURING 5. Is a complete list of activities from procurement of goods or materials to their final delivery to customers. SOURCING AND ORDERING 6. The function of physically packing finished goods or merchandises in a building, room, or any space for temporary storage. WAREHOUSING 7. A mode adopted by an organization to achieve its main objectives of increasing in volume & turnover. GROWTH STRATEGIES 8. This is designed to deal with the reality of hyper competition and long-term action plan prepared with the end goal of directing how an organization will survive and compete. COMPETITIVE STRATEGIES 9. This strategy is used for existing businesses that are doing fine or doing better, they may NOT implement any growth strategy. They may not apply any competitive strategy and decide to keep the status quo. It is the choice of the organization NOT to adopt any growth or competitive strategy. STABILITY STRATEGY 10.These are external growth strategies used investing the resources of the organization in another company or business to achieve growth goals. INTEGRATIVE GROWTH STRATEGIES
TEST II: ENUMERATION
11-18 ENUMERATE THE 8 COMPETITIVE STRATEGIES
19-22 ENUMERATE THE 4 TYPES OF INTEGRATIVE GROWTH STRATEGIES 23 – 25 3 TYPES OF CUSTOMER IN SUPPLY CHAIN