Quiz 4 Flashcards
To be a benchmark, a target must be willing to allow competitors to view its operations and tour its facilities. A target would be willing to allow this because
openness to competitors provides an impetus for continual improvement within the benchmark firm.
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competitive advantage can be gained through creating psychological barriers to competition.
Focusing benchmarking efforts on only one area of operations is termed:[On Cheat Sheet]
Functional.
Which is true of total factor productivity measures vs. individual measures?
Individual measures offer only partial understanding of a company’s production efficiency.
Per the closed-loop customer-relationship model[On Cheat Sheet]
effective guarantees given to the customer should be unconditional, meaningful, and understandable.
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complaint resolution typically involves acknowledging the customer’s loss of time, patience, and/or money.
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feedback pertains to both feedback to the customer that the problem has been resolved and feedback to the firm to support process improvements.
Which of the following accurately describes focus groups? Focus groups
limit both topics and types of individuals within the group.
The four steps to developing a useful customer service survey are:[On Cheat Sheet]
identify customer requirements, develop and validate the instrument, implement the survey, and analyze results.
When analyzing survey data, using simple analysis techniques may be preferable because:
Simpler analysis is easier to communicate to managers and coworkers who will use the findings.
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Simple analysis of responses conveys the needed information, and more sophisticated techniques could be applied subsequently, if necessary.
An example of passively-solicited customer feedback tool is:
Toll-free complaint line.
Customer retention can be improved by offering.[On Cheat Sheet]
complaint mechanisms and corrective actions.
Which of the following is not considered to be a key problem with benchmarking?[On Cheat Sheet]
Lack of employee involvement within the benchmarking firms.