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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
Importance of Materials Management The primary and secondary objectives listed above should themselves give us clear idea about the importance of materials management
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Question: (a) A team is any group of persons organised to work together or interdependently in order to cooperatively meet the needs of their customers by accomplishing a pu
OUTPUTS OF QUALITY PLANNING
Explain the products which typically result by the given project stages: Project Start-up; Analysis of Needs; Design Integration and Testing. Typical products include: •Pro
what action should be taken by various functioal managers to meet the scheduled dates
Total Quality Management (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing,
Organizing Which is the process of grouping resources and activities in a logical fashion. The function of organizing involves: grouping similar activities together (depa
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T ools for collecting data Improper or incomplete collection of data is a fundamental error which has an effect on all the subsequent actions. Data may be collected at the tim
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