Competitive priorities:

Question

BlackTom AI · Accepted Answer

The question presents a statement about competitive priorities and asks us to evaluate the options.
Option 1: 'are the cost, quality, time and flexibility dimensions that a process or supply chain actually possesses and is able to deliver.' This aligns with the standard view of competitive priorities in operations management, where the core dimensions typically include cost, quality, delivery (time), and flexibility. The phrase 'actually possesses and is able to deliver' emphasizes the capabilities of the process or supply chain, which is consistent with how competitive priorities are defined in practice. The option is plausible and reflects a fundamental description.
Option 2: 'are used to distinguish between a service that is considered and one that is actually purchased.' This statement confuses competitive priorities with decision-making in service selection or marketing. Competitive priorities describe the capabilities a process or supply chain strives to achieve, not the criteria used to distinguish between considered and purchased services. Therefore, this option mischaracterizes the concept.
Option 3: 'are developed by a review of internal operations capabilities.' While internal capabilities inform competitive priorities, this option implies that competitive priorities are solely developed from internal review. In reality, competitive priorities are a strategic choice that can be influenced by market demand, customer needs, and competitive environment in addition to internal capabilities. Hence, this option is incomplete or potentially misleading as a standalone description.
Option 4: 'may change over time.' This statement acknowledges the dynamic nature of competitive priorities. As markets, technology, competition, and customer expectations evolve, organizations often adjust their priorities (e.g., emphasizing flexibility or delivery speed during a surge in demand, or shifting toward cost leadership in price-sensitive markets). This temporal aspect is a recognized characteristic of competitive priorities in strategic operations management.
In summary, option 1 provides a foundational definition, option 2 and option 3 present mischaracterizations or incomplete views, and option 4 highlights the adaptive, time-varying nature of competitive priorities. The interplay among these insights helps explain why competing priorities can shift as circumstances change.

MGS310001.2025FA Test 01: MGS3100

Competitive priorities:

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MGS*3100*01.2025FA Test 01: MGS3100

Competitive priorities:

View Explanation

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