Explain what an operations strategy is and the importance of competitive priorities. Give an example from an organization (public or private, manufacturing or service)
What will be an ideal response?
An operations strategy is the means by which operations implements the firm's corporate strategy. Competitive priorities are the key capabilities that operations must develop to compete successfully in a market segment. Possible competitive priorities include low-cost operation, high-performance design, consistent quality, delivery speed, on-time delivery, development speed, customization, and volume flexibility. Examples will vary.
You might also like to view...
The amount of expired factory equipment insurance is adjusted by
a. debiting Factory Overhead and crediting Prepaid Insurance. b. debiting Equipment Insurance Expense and crediting Factory Overhead. c. debiting Prepaid Insurance and crediting Equipment Insurance Expense. d. debiting Prepaid Insurance and crediting Accounts Payable.
Children exert little influence on family buying decisions
Indicate whether the statement is true or false
The company expectations in terms of what constitutes good customer service are often not clearly stated
Indicate whether the statement is true or false.
Which of the following terms designates the legal ability of a party to enter into a contract?
A)Consent B)Affirmation C)Materiality D)Capacity