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What is the primary purpose of strategic planning in an organization?
What does alignment in strategy and operations refer to?
What is the purpose of continuous monitoring in performance management?
What is the ultimate goal of performance management?
Which of the following is NOT a component of decision management?
What is a decision tree?
Which of the following is a component of cost-benefit analysis?
What is the primary objective of resource allocation in strategic operations management?
What does the Economic Order Quantity (EOQ) formula calculate?
What is one of the key principles of JIT inventory management?
What is the purpose of ABC analysis in inventory management?
Which of the following is NOT a primary goal of operations management?
Which step is typically involved in process analysis and design?
What is the primary goal of Lean Principles?
What is the primary purpose of performance measurement in organizations?
What is the significance of setting benchmarks in performance measurement?
Which component of SWOT analysis focuses on identifying the internal factors that give an organization a competitive advantage?
Which of the following would be an example of an “E” factor in PESTEL analysis?
Which of the following represents the threat of alternative products or services in Porter’s Five Forces analysis?
Which of the following support activities in the value chain is concerned with recruiting, training, and developing employees within the organization?
Which of the following is a key principle of cost leadership strategy?
Which of the following is a characteristic of a focus strategy?
What is a potential advantage of implementing a focus strategy?
Which of the following best defines Blue Ocean Strategy?
What is the primary characteristic of the Red Ocean Strategy?
Which perspective of the Balanced Scorecard focuses on measures related to customer satisfaction, loyalty, and market share?
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