Safety & Global Competition

Question 1

What is Global Competition?

Answer 1

Companies must be competitive to survive
* Employees from the executive level to workers on the shop floor feel the competitive pressure (have to be fast)
- create a harried atmosphere that can increase the likelihood of
incidents
- lead to shortcuts that increase the potential of accidents

Question 2

What is competitiveness?

Answer 2

The ability to consistently succeed and prosper in the marketplace whether it is local, regional, national, or global

Question 3

What are key areas of competitiveness?

(5)

Answer 3

Quality, productivity, response time, service, cost, corporate image

Question 4

To compete, companies combine what 3 things?

Answer 4

The best people, technology, and management strategies.

Question 5

What are the two most important things companies look for?

Answer 5

Productivity and Quality

Question 6

How is productivity measured?

Answer 6

The concept of comparing the output of goods or services to the input of resources needed to produce or deliver them

output/input=productivity

Question 7

What is value added?

Answer 7

The difference between what it costs to produce and what it costs to purchase
- Value added is increased when productivity is increased
- The one that adds the most value to the materials is the winner