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11 months ago

For an organization to obtain a competitive advantage through superior innovation, it should?

1 answer:

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For an organization to obtain a competitive advantage via superior innovation, it should For an organization to obtain a competitive advantage via superior innovation, it should Produce products with technologies that have not been utilized previously.

<h3>What is superior efficiency in competitive advantage?</h3>

Efficiency, quality, innovation, and customer response are the four pillars of competitive advantage. A corporation can charge a greater price and still reduce costs if it is more efficient, produces better quality products, and provides better customer service.

Superior efficiency can only be attained with an organization-wide commitment and the capacity to assure strong coordination between functions. Top management is crucial to this process because of its ability to lead and shape the infrastructure.

An organization's process of reinventing or rethinking its corporate strategy in order to spur business growth, produce value for the firm and its clients, and gain a competitive edge is known as strategic innovation. Organizations need to innovate in this way if they want to keep up with how quickly technology is changing.

A corporation must develop abilities in both basic and applied research, create effective project management procedures, and achieve close integration between its many departments, primarily through the use of cross-functional product development teams, in order to achieve exceptional innovation.

Hence, For an organization to obtain a competitive advantage via superior innovation, it should For an organization to obtain a competitive advantage via superior innovation, it should Produce products with technologies that have not been utilized previously.

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The mythical Hacker Microbrewery in Rosenheim, Germany, makes a brand of beer called Golden Eagle, which bottles and sells in ca

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Answer:

Explanation:

Annual demand (D) = 20000 units

Number of days per year = 250

Demand rate(d) = D/number of days per year = 20000/250 = 80 units

Production rate(p) = 655 units

Set up cost(S) = $1800

Holding cost (H) = $1.50

A) Optimum run size(Q) = sqrt of {2DS / H [1-(d/p)]}

= sqrt of {(2x20000x1800) /1.50[1-(80/655)]}

= Sqrt of [7200000/1.50(1-0.1221) ]

= sqrt of [72000000/(1.50 x 0.8779)]

= sqrt of (7200000/1.31685)

= Sqrt of 5467593.1199

= 2338 units

b) Maximum inventory ( I - max) = (Q/p) (p-d) = (2338/655)(655-80) = 3.5695 x 575 = 2052.46 or rounded off to 2052 units

Average inventory = I-max/2 = 2052/2 = 1026 units

C) Number of production setups per year = D/Q = 20000/2338 = 8.55 or rounded up to 6

d) optimal length of production run = optimal run size /production rate = 2338/655 = 3.56 or rounded up to 4 days

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2 years ago

What are the quantitative and qualitative techniques available to help planning

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Answer:

Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions. ... Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories

Explanation:

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2 years ago

In 2016, Chartres Inc., issued for $105 per share, 60,000 shares of $100 par value convertible preferred stock. One share of pre

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Answer:

Total amount should be credited to additional paid-in capital from common stocks as a result of the conversion of the preferred stock into common stock: $1,800,000 .

Explanation:

Please find the detailed calculations and explanations as below:

Total Cash amount received from preferred share issuance: 105 x 60,000 = $6,300,000;

The $6,300,000 will be credited into two owner's equity account:

- Common equity = Par value of common stock at the issuance of preferred stock date x Number of preferred stocks issued x Number of common stocks that one preferred stock has the right to converted into = 25 x 60,000 x 3 = $4,500,000.

- Paid-up capital account = Amount of cash receipt ( recorded as Debit) - Amount of common equity ( recorded as Credit) = 6,300,000 - 4,500,000 = $1,800,000 .

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3 years ago

Joint ventures: a. are an alternative to new ventures. b. are attractive when entry barriers are high. c. are attractive when sp

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Answer:

Are an alternative to new ventures.

Explanation:

Joint ventures is a business arrangement between two of more organisations to form a partnership. The oganisations involved share ownership, profits, investments.

A joint venture provides access to a large number of resources and it also provides the opportunity to gain new insight and expertise.

Different organizations enter into joint venture for either the purpose of a production process or research avtivity.

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3 years ago

In Ricci v. DeStefano, Ricci, a white firefighter, took and passed the City of New Haven firefighter's test, required of all app

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Answer:

The correct answer is A. In Ricci v. DeStefano, the Supreme Court ruled that an employer may not simply disregard a test based on unwanted results unless the test is shown to be biased or deficient.

Explanation:

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Finally, the Supreme Court established that said procedure violated Title VII of the Civil Rights Act of 1964, since in the case equal access to employment was not guaranteed (in this case, favoring minorities over white firefighters), for set different demands for purely racial reasons.

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3 years ago