Chapter 2 Flashcards
value chain
A series (chain) of activities that an organization performs to transform inputs into outputs in such a way that the value of the input is increased.
supply chain
A key value chain whose primary activities include inbound logistics, operations, outbound logistics, marketing and sales, and service.
reengineering (process redesign) BPR
The radical redesign of business processes, organizational structures, information systems, and values of the organization to achieve a breakthrough in business results.
continuous improvement
Constantly seeking ways to improve business processes and add value to products and services.
downsizing
Reducing the number of employees to cut costs.
change management model
A description of the phases an individual or organization goes through in making a change and principles for successful implementation of change.
force field analysis
An approach to identifying both the driving (positive) and restraining (negative) forces that influence whether change can occur.
Lewin’s change model
A three-stage approach for implementing change that involves unfreezing, moving, and refreezing.
Driving Forces
The beliefs, expectations, and cultural norms that tend to encourage a change and give it momentum.
restraining forces
Forces that make it difficult to accept a change or to work to implement a change.
Leavitt’s diamond
An organizational change model that proposes that every organizational system is made up of four main components- people, tasks, structure, and technology- that all interact; any change in one of these elements will necessitate a change in the other three elements.
supply chain management (SCM)
The management of all the activities required to get the right product in the right consumer’s hands in the right quantity at the right time and at the right cost - from the identification of suppliers and acquisition of raw materials through manufacture and customer delivery
virtual team
A group of individuals whose members are distributed geographically, but who collaborate and complete work through the use of information systems
innovation
The application of new ideas to the products, processes, and activities of a firm, leading to increased value
outsourcing
A long-term business arrangement in which a company contracts with an outside organization that has expertise in providing a specific function