What is Production Process? Production of Product, Types
What is Production Process? The production process refers to the set of activities and procedures that are used to transform raw materials and other inputs into finished goods or services.…
Operations Strategy
What is Production Process? The production process refers to the set of activities and procedures that are used to transform raw materials and other inputs into finished goods or services.…
What is Strategic Choice? Strategic choice is the process of selecting a strategy from among several alternative strategies that a company can pursue to achieve its goals and objectives. It…
What is Competitive Advantage? Competitive advantage refers to a situation that puts an organization in a favorable or superior business position. In other words, competitive advantage can be defined as…
What is Strategic Fit? A strategic fit occurs when organisations design their internal operations in accordance with their external environment. In other words, strategic fit creates a long-term match between…
What is Retrenchment Strategy? A retrenchment strategy is a corporate-level strategy that aims to reduce the size or diversity of organisational operations. At times, it also becomes a means to…
What is Stability Strategy? Stability strategy refers to a set of actions that a business can take to maintain its current position in the market, without significantly changing its overall…
What is Expansion Strategies? Expansion strategies refer to the various methods that businesses use to grow and increase their market share, revenue, and profits. An expansion strategy can involve expanding…
What is Corporate Level Strategy? A corporate-level strategy is often referred to as a corporate strategy or a corporate business strategy. It encompasses the strategic scope of the entire organisation.…
An operations strategy usually has a particular focus area wherein it concentrates on one aspect of operations. An organisation can focus on any area of operations, related to cost, product…
Strategic Design Process An operations strategy is designed for developing a general approach to plan strategic choices that an organisation needs to make. These choices often include aspects of operations…