CIS 123 Written assignment 1 (Chapters 1, 2)

Assignment questions

  1. Someone is asked to give an example of synergy. That person describes a manufacturer who had one employee who produced one thousand units of their best selling product each year. Because demand went up, the factory hired one more person and brought production up to two thousand units per year. Why was this example NOT an example of synergy? What would have to change for the example to show that there was synergy between the two production workers? (1 pt)
  2. The text and online notes list eight techniques for gaining a competitive advantage. What are those eight techniques? (8 pts)
  3. There is often confusion regarding strategic vs. tactical decision making. What is the main difference between strategic and tactical decisions? (1 pt)