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What are the major priorities associated with operation strategy and how has the relationship changed over the years?
Major priorities in operations strategy include efficiency, quality, flexibility, and customer responsiveness. Over the years, the relationship between these priorities has evolved due to advancements in technology, globalization, and changing consumer expectations. For instance, while cost reduction used to dominate, there's now a greater emphasis on agility and innovation to meet dynamic market demands. This shift reflects a broader understanding that sustainable competitive advantage relies on balancing these priorities rather than focusing on one at the expense of others.
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What is the role of operation function in ensuring the success of a company strategy?
Honest credible strength rich
What is hard rock cafe strategy in operation management?
HRC mostly outsources its logistics operations, hence reducing its supply chain costs.
Global vs international strategy?
Global refers to the entire world, without regard to a country or its geographical location. International means that involves relationship between two countries.
What are the possible risks of strategic management?
One possible risk associated with strategic management is the factthat the company may adopt the wrong strategy. With the wrongstrategy in place, it will be hard for the business to switch gearswhen they figure out their mistake.
How can you apply financial management strategy?
what is Financial Management Strategy
What are the major priorities associated with operations strategy How has their relationship to each other changed over the years?
madharchod, plz provide the answer...... -- abhishek mishra madharchod, plz provide the answer...... -- abhishek mishra
Advantages of Transnational strategy?
Due to the fact the strategy involves an organization operating internationally through co-operation and interdependence of its various offices, it has the centralization benefits associated with international strategies, whilst having the local responsiveness characteristics of a domestic strategy type.
What is Operation strategy about new product development?
dno
How do you determine a company's operation strategy if they haven't specified a particular strategy but have several strategies how do we define it?
You can determine a company's operation strategy by looking at their goals, product portfolio and markets. Also focus production allocation, facility location, outsourcing strategy and production policy.
What is it called when a person or group Change in focus resulting in change of direction?
It is called a shift in priorities or a change in strategy.
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain airasia how the Company implement this strategy and what are the advantage and risk associated?
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain rubins restaurant how the Company implement this strategy and what are the advantage and risk associated?
Relationship between an organization's strategy and structure?
hi - bye - fly -the best strategy
What are the main challenges of global strategy?
To set your strategies first determine your priorities. Environmental disasters such as earthquake, typhoon and cost of tariffs can be the main challenges to a global strategy that is needed to prioritize.
What is relationship between strategy and planning?
planning strateging
What is the relationship between planning and strategy?
planning strateging
What is the synonym for procedure?
transaction performance proceeding operation strategy maneuver practice
What is the relationship beween business strategy and IT strategy?
The relationship between the business strategy and IT strategy is direct with the IT strategy being subordinate. The business strategy emerges from two sources. The main path is through the organization's mission, vision and current goals and objectives. The other path is through the enterprise risk management plan.The IT strategy consists of several component parts: a security plan, an application plan, an infrastructure plan and a resource plan made of a personnel plan and a funding plan.The relationship of the business strategy and the IT strategy is then between the enterprise risk management plan driving the IT security plan and the business goals and objectives driving the application plan (most often). From there the remaining elements of the IT strategy develop with the application plan and security plan driving the infrastructure plan (aka technology plan) which in turn drives the resource plan for funding and staffing including training requirements.IT Strategy:- Technology- Applications- Capabilities- GovernanceIT enabled Business Strategy:- Competitive advantage- Process Innovation- Operational Excellence- New Markets & Channels- IT capability must enable innovation and competitive business strategies, and deliver business efficiencies.Business Strategy:- It must drive the decisions and priorities for IT investment.Source: aperio-intelligence.com
