Lecture 01: Introduction COPY Flashcards

1. 4M and IPO 2. Service Operations 3. Sustainability (17SDG) and POM

1
Q

Name three examples for trade-offs in competitive priorities/capabilities!

A
  • Low price vs quality
  • Quick delivery vs quality
  • Low price vs variety
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2
Q

Back-office versus Front-office processes! (2)

A

Front office work
Work requires customer presence

Back office work
Work does not require customer presence

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3
Q

Operations Strategy

A

The activity of managing the resources of the organization, that …

  • transforms input to output,
  • delivers goods and services.
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4
Q

Porter’s Value Chain concept (2) ⚓️

A

Primary activities | ↑ |

  • logistics (inbound, outbound)
  • operations,
  • marketing and sales,
  • service.

Support activities | → |

  • procurement,
  • technology development,
  • human resource management,
  • firm infrastructure.
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5
Q

The SIPOC Model

A

S upplier
I nputs
P rocess
O utputs
C ustomer

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6
Q

The 4Ms describe the resources that are needed to perform the process to transform the inputs into an output: .. (2)

A

no process is possible without

Man,
Material,
Machine,
Method

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7
Q

The concept of the 4Ms can be extended to the 10Ms (6)

A

4M’s plus, …

  • milieu,
  • management,
  • mother nature,
  • motion (energy),
  • money,
  • market
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8
Q

Four-Stage Model of Operation and Competitiveness
(Hayes and Wheelwright’s, 1979)
⚖️🌐🎯

A
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9
Q

Competitive priorities and capabilities (4)

A
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10
Q

Main steps for creating an Operations Strategy! (3)

A
  1. Define competitive priorities.
    Based on market need.
  2. Design decision areas.
    Aligned with the chosen competitive priorities: Structural and infrastructural decision area. (product-service offering)
  3. Build competitive capabilities.
    Aligned with the chosen competitive priorities.
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11
Q

What are structural and infrastructural decisions in operations? (2x3)

A

Structural operations decisions tackle the more tangible aspects of an organization and design activities.

Whereas infrastructural decisions focus on the people operating processes, planning, and control organizational structure

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12
Q

Explain competitive priorities & capabilities! (2)

A

Priorities

  • describe how a company wants to compete to win customer orders

Capabilities

  • describe how a company is able to compete
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13
Q

Explain order qualifiers and order winners! (3)

A
  • Order qualifier,
    is a required capability (e.g. food security) for you to be considered by the customer in the first place.
  • Order winner,
    is a capability that can win you orders.

Excellent companies have a good fit between eg. price is usually a qualifier! But can also be a winner (e.g. customer wants only the cheapest product)

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14
Q

What are the 4 major differences between goods and services?

A

H eterogeneity:
Very difficult to make each service experience identical

I ntangibility:
Service cannot be touched

P erishability:

  • Services last a specific time
  • Services cannot be stored for later use

I nseparability:

  • Simultaneous production and consumption
  • Customer presence in conversion process
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15
Q

What are the B2C, B2B, C2C, G2C & NPO Business types of Services? Explanation with Examples (6)

A

Business-to-Consumer (B2C),
e.g. hairdresser

Business-to-Business (B2B),
e.g. consultancy

Consumer-to-Consumer (C2C),
e.g. services between friends and family

Government to Citizen (G2C),
e.g. police

Not-for-Profit Organization (NPO),
e.g. charities

Internal services
Services within organizations, e.g. HR

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16
Q

Name 3 inputs and outputs for Supplier-Input-Process-Output-Customer model (SIPOC)?

A

Inputs: Materials, equipment, staff
Outputs: Products, benefits, emotions

17
Q

What diagram is shown in the following figure?

A

Service blueprint

18
Q

What is the United Nations global contract? (4)

A

A call to companies to align strategies and operations on …

  • human rights,
  • labor,
  • environment,
  • anti-corruption,

and take actions that advance societal goals.

19
Q

Define Corporate Social Responsibility (CSR)!

A

Means having an operations strategy that will meet the requirements of current needs, …

  • without compromising the ability of future generations to meet their own needs
  • Not only profit, but also people and planet
20
Q

What are the benefits of product life extension model?

What is the relationship between CSR and SDG? (4)

  • Corporate Social Responsibility (CSR)
  • Sustainable Development Goals (SDGs)
A

It is (morally) right thing to do. Other competitive reasons:

Easier to attract …

  • customers
  • “ethical” investors
  • quality employees

Improved

  • employee motivation
  • business reputation
21
Q

What is triple bottom line in strategy? What are the 3 P’s triple bottom line?

A

Triple bottom line theory expands conventional business success metrics to include an organization’s contributions to social well-being, environmental health, and a just economy. These bottom line categories are often referred to as the three “P’s”: people, planet, and prosperity.

  • considers social,
  • natural environment
  • economic impact
22
Q

What do the 5R in the 5R framework stand for?

A
  1. Remanufacture products
  2. Reduce packaging
  3. Repair
  4. Reuse
  5. Recover raw materials