Term
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Definition
| balance of basic (focus on theoretical problems), Product (focus on marketing, and product improvements), and Process (or engineering-quality control, creation, improved eqpmt) R&D |
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Term
| Technological Discontinuity |
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Definition
| Displacement of one tech by another |
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Term
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Definition
| Job Shops, processed sequentially, but work and sequence of process vary |
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Term
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Definition
| lines on which products are constructed continuously |
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Term
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Definition
| impact of a specific change in sales volume on net operating income |
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Term
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Definition
| unit production costs decline by some fixed percentage (~20-30%) each time the total accumulated volume of production in units doubles |
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Term
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Definition
1) A product never made before with the present techniques
2) Current products produced by newly introduced tech or processes |
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Term
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Definition
| in which unit costs are reduced by making large numbers of the same product |
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Term
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Definition
| in which common parts of the manufacturing activities of various products are coming to gain economies even though small numbers of each product are made |
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Term
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Definition
| low-cost production of individually customized goods and services |
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Term
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Definition
| permits the low-volume output of custom-tailored products at relatively low unit costs through economies of scope |
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Term
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Definition
| self-managing teams work together without a supervisor to plan, coordinate, and evaluate work |
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Term
| Cross-functional work teams |
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Definition
| separating the departments so that people from each discipline can get involved in projects early on |
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Term
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Definition
| once-isolated specialists now work side by side and compare notes constantly in an effort to design cost-effective products that customers want |
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Term
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Definition
| groups of geographically and/or organizationally dispersed coworkers that are assembled using a combination of telecom and info-tech to accomplish a task |
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Term
| Virtual Teams driven by 5 trends |
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Definition
1. Flatter organizational structure with increasing cross-functional coordination need.
2. Turbulent environments requiring more inter-organizational coop.
3. Increasing employee autonomy and participation in decision making
4. Higher knowledge reqs derived from greater emphasis on service
5. Increasing globalization of trade |
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Term
| Improving Quality of Work Life |
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Definition
1. Introducing participative problem solving
2. Restructuring work
3. Introducing innovative reward systems
4. Improving the work environment |
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Term
| Info systems/tech main contributions |
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Definition
1. used to automate existing back-office processes (payroll, HR recors, accounts) reduce costs
2. used to automate individual tasks (keeping track of clients, accessing databases) reducing costs
3. used to enhance key biz functions (marketing and operations) improve productivity
4. used to develop comp. adv. |
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Term
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Definition
| info-network within organization-provide employees with company info |
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Term
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Definition
| info network within an org that is available to key suppliers and customers, streamline business |
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Term
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Definition
| use of wikis, blogs, Really Simple Syndication (RSS), social networks, etc. to forge tighter links with customers and suppliers |
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Term
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Definition
| forming of networks for sourcing raw materials, manufacturing products/services, storing/distribution, delivering. |
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