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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.
What are the steps in organisation design? Steps comprised in Organisation Design are as illustrated below: a. Understand and formulate the goals and things of the organisat
Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good
Explain the incremental approach to testing represented by the orderly integration test. Integration test: The integration test is looking for to determine whether the mo
Q. Explain Feasibility Analysis and Product development process? Once the product concepts have been formed, the feasibility studies are conducted. This study involves the fol
confidential document in civil project
How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj
Tolerance and Surface Finish Design engineers are always blamed of specifying closer tolerances than necessary. It is obvious that to achieve a tolerance of ± 0.001 mm is mor
Weightings of performance against the success criteria In any discussion on success, it is necessary that a distinction is made amid project success and the success of the proj
Question: (a) "TQM requires the whole organization to adopt the culture of quality. In a TQM organization quality will dictate the decisions, tasks and processes." In the lig
Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de
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