Terminology of operation strategy, Operation Management

Assignment Help:

Terminology of Operation Strategy 

It might be useful just to put some description to the terms used repetitively in this section. 

Terminology of strategy 

Mission or vision statement - The organisation's raison d'être and values; open and acknowledged statement of the primary purpose of the organisation; desired outcome; future state; the aspirations of the organisation.

Strategies - Policies which will achieve the long term direction (assessed against possible success)

Goal or objectives - Aim or purpose clearly stated in understandable terms

Distinctive competencies - Resources, relationships, processes or skills which provide 'competitive advantage'

Control - Monitoring of actions to assess the effectiveness of strategies and actions 

Stakeholders - Those with an interest or links with the organisation: shareholders, staff suppliers, the government, local authority and community, customers.


Related Discussions:- Terminology of operation strategy

Inventory management, The injection molding department of a company uses an...

The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 ga

Developed a project and is interested in what, A company has developed a pr...

A company has developed a project and is interested in accelerating the schedule if possible. Below network diagram and tables show all information needed. Partial crashing is avai

What are the elements of supply chain management, Q. What are the elements ...

Q. What are the elements of supply chain management? The three elements of supply chain management: • Responsiveness as an example how flexibly and rapidly supply can meet d

Develop a management research, You have been approached by the editor of Ge...

You have been approached by the editor of Gentlemen's Magazine to carry out a research study. The magazine has been unsuccessful in attracting show manufacturers as advertisers. Wh

Computer aided design., Computer Aided Design is one of the techniques used...

Computer Aided Design is one of the techniques used by Regal Marine in manufacturing of boats. With the aid of exapmles, critically discuss five (5) techniques that are important t

Explain traits are required for a coach of a cricket team, Explain importa...

Explain important traits are required for a coach of a cricket team. The three important traits needed for a coach of a cricket team are:- (i) Decisiveness - The coach is c

Steps in first few months of your leadership, You have just been asked to l...

You have just been asked to lead struggling Yahoo, just as Marissa Mayer stepped into the role. Discuss the steps you would take in the first few months of your leadership. Explain

Explain roles and function of an hr professional, 1. What do you see as th...

1. What do you see as the most interesting part of HR as a career field? 2. What do you think are the roles and function of an HR professional?

Compute the shape yield percentage, You punch multiple parts from a sheet o...

You punch multiple parts from a sheet of Aluminium. The sheet is a 1728 square-inches rectangle and you get 18 parts that are 70 square-inches each. The machine is old so you inclu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd