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Generic Operational Strategies - Operation Strategy
Porter (1985) presented five basic generic strategies for business:
1. Cost efficiency - low cost leadership strategy
2. Differentiation strategy - be different from the competition in at least one key aspect of the buyers purchasing criteria
3. Focus on a particular market segment strategy - be the best in the market in which you specialise
4. A quality strategy - be a quality leader and have an innovation strategy - be the leader on product characteristics - usually through technological innovation.
In operations management, as in life, a balanced approach is often the best policy. One of the best examples of the benefits of this in operations management is the "lean approach"
Explain nNon-monetary motivation. Non-monetary Motivation: The following are several of the techniques of providing motivation that are non-monetary in nature:- (i) Pra
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Staff Development Please respond to the following: Analyze the different development approaches and discuss which approach (or which combination of approaches) would be most
Who are the key stakeholders of Global Green USA? As an advisor to its CEO, Matt Peterson, what would point some possible conflicts among the key stakeholders' interests and what s
Challenges for Operations Managers - Operation Strategy Most products have several competitors today - from cars to university degrees. Current market forces appears to sugge
steps involved in strategy formulation
stock valuation and verification in detail
What changes in the environment provided the opportunity for the Dewmocracy approach?
Discuss what role organizational structure plays in an organization's efficiency & effectiveness
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