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What is the strategy that gives strength to business by streamlining its operations and eliminating waste?
Wiki User
∙ 9y ago
The strategy that gives strength to a business by streamlining its operations and eliminating waste is called down sizing. Down sizing is usually accomplished by getting rid of unnecessary workers at all levels.
Wiki User
∙ 9y ago
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Describe corparate level strategy and business level strategy?
The difference between corporate and business level strategy is that their operations are inter-industry and intra-industry respectively. Whereas corporate level strategy is concerned in what business to deal with, business level strategy is concerned with how to compete within a particular business.
How operations strategy related to corporate strategy?
Both corporate strategy and operations strategy are important to a company's survival and being active in the market. Company management should employ both in a very effective manner to become successful in the business and to stay ahead of the competition.
What is defined in the corporate strategy?
Corporate strategy is when the direction of a corporation cooperates with its various business operations work to achieve particular goals. Corporations prefer this strategy over others.
Which do you think was a more effective strategy violence or nonviolence for eliminating slavery?
Nonviolence was ultimately a more effective strategy for eliminating slavery. Movements like the Civil Rights Movement led by Martin Luther King Jr. demonstrated the power of peaceful resistance in bringing about systemic change and ending institutionalized slavery. Violence tended to escalate conflicts and hinder long-term progress towards abolition.
What is blue rhino business strategy?
Blue Rhinos business strategy is to be committed to world - class operations and value added marketing. The company is also dedicated to providing above and beyond customer service.
What Are The Aspects Of A Successful Business Plan?
A business plan consists of sections on operations, advertising, management and business finances. For an example marketing strategy outline, contact your local SBDC.
What strategy provides a framework for conducting operations?
Military strategy provides a framework for conducting operations.
What are the key elements to a good business dashboard?
A good business dashboards are available in many shapes and styles. Business dashboards are useful to create an overview of key performance indicators for business strategy and operations.
What is a Single business strategy?
A single business strategy refers to a focused approach where a company concentrates its efforts on one core business or product line. This strategy involves dedicating resources and efforts to excel in a specific market segment or industry rather than diversifying into multiple areas. It allows the company to streamline operations, leverage its strengths, and achieve a competitive advantage within its chosen niche.
How does operations strategy fit into a company's overall strategy?
Operations strategy is the collective concrete actions chosen, mandated, or stimulated by corporate strategy. It is, of course, implemented within the operations function. This operations strategy binds the various operations decisions and actions into a cohesive consistent response to competitive forces by linking firm policies, programs, systems, and actions into a systematic response to the competitive priorities chosen and communicated by the corporate or business strategy. In simpler terms, the operations strategy specifies how the firm will employ its operations capabilities to support the business strategy. Operations strategy has a long-term concern for how to best determine and develop the firm's major operations resources so that there is a high degree of compatibility between these resources and the business strategy. Very broad questions are addressed regarding how major resources should be configured in order to achieve the firm's corporate objectives. Some of the issues of relevance include long-term decisions regarding capacity, location, processes, technology, and timing. The achievement of world-class status through operations requires that operations be integrated with the other functions at the corporate level. In broad terms, an operation has two important roles it can play in strengthening the firm's overall strategy. One option is to provide processes that give the firm a distinct advantage in the marketplace. Operations will provide a marketing edge through distinct, unique technology developments in processes that competitors cannot match. The second role that operations can play is to provide coordinated support for the essential ways in which the firm's products win orders over their competitors, also known as distinctive competencies. The firm's operations strategy must be conducive to developing a set of policies in both process choice and infrastructure design (controls, procedures, systems, etc.) that are consistent with the firm's distinctive competency. Most firms share access to the same processes and technology, so they usually differ little in these areas. What is different is the degree to which operations matches its processes and infrastructure to its distinctive competencies.
What is the difference between a 'market requirements' and an 'operations resource' view of operations strategy?
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How should we integrate e-business strategy with existing business and IS strategy?
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