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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.
Describe how you would estimate the team leading activity. Team leading: This can be worked out by using the 'rule of thumb' which a team leader can efficiently supervise up
Unit rate contracts In a unit-rate contract, the seller commits to providing each unit of work defined by a buyer for a fixed price per unit of each work item. Engineered m
How are carrying costs varied with quantity order? Carrying Costs, that vary along with quantity ordered, contained as a. There Interest on capital investment b. There Co
Scope of Process Design Design of manufacturing process starts with the receipt of product specifications and ends with the final plan for the manufacture of the product. The
BARRIERS TO IMPLEMENTING TQM: The implementation of TQM in library organisations provides an opportunity to update and enhance the abilities of the staff to work effectively,
Question: (a) John Oakland says: "Day to day issues, often taken for granted, involve quality in some form or other. For example, the safety and conformity with accepted st
Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo
What is productivity? Productivity: Productivity may be described as the ratio between input and output. Output implies the amount produced or the number of items produce
However proving a design defect can be difficult. Some of the factors used by the jury to asses s whether a product design is defective and unreasonably dangerous are: 1.The utili
T, a member of the finance team, has been constantly arriving late to work and in recent months he has consistently made significant errors in his work. A number of colleagues have
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