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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.
Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has
A udits Audits are independent examinations to determine whether processes and procedures achieve the specified objective. They are an essential tool to identify problem areas
C ontrol charts Control charts are tools used for monitoring, controlling and improving processes over time. These are applicable to administrative processes.
Submit all required artefacts necessary to achieve the ‘Life Cycle Architecture Milestone' (LCAM). The most important artefact of the LCAM is the ‘executable architecture' or ‘proo
Leadership: Leadership behaviours lead to highly motivated staff. Subordinates rely upon the leadership skills of their superiors to show them how to achieve their needs
The customer feedback and employee feedback mechanisms are the essential requirements to create customer oriented quality culture. These feedback mechanisms perspectives an ac
T Company has identified a need for, and made a decision to open, a new training centre in one of the major cities in E Country. This is a large scale project for T Company and it
Do it Right First Time : TQM adopt the policy of zero defect. There is no scope for rework and rejection. The right first time or zero defect is the result of an empha
Components of Supply Chain Management Today, it is the basic requirement amongst customers that businesses produce defect-free products to the customer faster and be more consi
Carry out a literature search and write a short report on 'The Human Aspects of Project Management and its Influence on Project Performance'. Report should be no more than 5 pages
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