Strategy in Quality service management Flashcards

1
Q

often used in tangible goods, rather in service related industries.

A

Strategic planning

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2
Q

the company is able to identify competitors while satisfying needs and wants of the guests.

A

Strategic planning

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3
Q

process of identifying a company’s internal and external characteristics which will contribute to the attainment of its goal pointing to a specific direction

A

strategic planning

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4
Q

to be successful and make a profit in the industry’s competitive market, every organization needs a clear strategy.
can help decision makers make the best choice for the company

A

Porter’s generic strategies

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5
Q

Three strategies in achieving competitive edge:

A
  1. cost leadership strategy
  2. differentiation strategy
  3. Focus strategy
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6
Q

increasing profits by reducing optimal costs and charging low prices.
needs to invest in new technologies and efficient logistics

A

cost leadership strategy

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7
Q

making a company’s service being attractive and unique in comparison to those competitors.
TRENDSETTER

A

differentiation strategy

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8
Q

developing services for niche markets; requires deep understanding of the customer’s need of a company.

A

focus strategy

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9
Q

aims to meet needs by providing something special and extra that the customer can’t get elsewhere.

A

Focus strategy

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10
Q

PESTEL means

A

Political
Economical
Social
Technological
Environmental
Legal

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11
Q

Strength and weakness

A

Internal

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12
Q

Opportunities and Threats

A

External

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13
Q

an organization assess everything; includes strengths.
flaunts the weakness of an organization to be addressed and resolves

A

Internal analysis

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14
Q

identifying how to the firm positions itself in the market with respect to its rivals.
it showcases opportunities and threats

A

External analysis

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15
Q

Ford, 2011
H & T organization must cope with the changes in the future which includes :

A

demographics
technology
social expectations
economic changes
competitions
stakeholders

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16
Q

change the nature of its industry and how it is managed by the key stakeholders.

A

economic forces

17
Q

changes in the workplace in the market in the H&T sectors will continue to affect operations of the industry

A

demographics

18
Q

Who states that : Businesses are a big part of the ecosystem and need to co-evolve to thrive and survive.
What is the statement talks about

A

Moore, 1996
Competitors

19
Q

has identified 4 types of relationships existing in competitors

A

Bengtsson, 1999

20
Q

4 types of relationships existing in competitors. 4 C’s

A

Coexistence
Cooperation
Competition
Co-opetition

21
Q

exist on social exchanges between competitors.
Each competitor knows about each other but does not interact with them

A

Coexistence

22
Q

there are frequent exchanges between the players which comprise of business, information, and social exchange.
All competitions are cooperating but it does not mean they are not competing.

A

Cooperation

23
Q

a relationship based on an action-reaction pattern.
dependence and power are equally distributed based on their position in the ecosystem.

A

competition

24
Q

cooperation between players; includes economic and other forms of exchanges.
power in the cooperative side of the relationship which is based on how it functions in the ecosystem.

A

co-opetition

25
Q

Highest and lowest visitor in 2012

A

Korea
UK

26
Q

Highest and lowest visitor in 2019

A

China
Malaysia

27
Q
A