Why is it important to maintain a strategic fit among the four elements of an operations strategy?
Question:
Why is it important to maintain a strategic fit among the four elements of an operations strategy? How can a company resolve any mismatches among them that result from changing markets trends or customers’ order-winning criteria?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The four elements must balance with the co...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Operations Management Managing Global Supply Chains
ISBN: 978-1506302935
1st edition
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
Question Posted:
Students also viewed these Business questions
-
Why is it important to maintain a chain of custody for documentary evidence?
-
Why is it important to maintain an adequate emergency fund before creating and implementing an investment program?
-
Why is it important to distinguish between intended and realized corporate strategy?
-
How important is the ability of international managers to undertake cultural interpretation work to the subsequent success of international strategies?
-
Using a global-positioning-system (GPS)-based navigator for your car, you enter a destination and the system will plot a route, give spoken turn-by-turn directions, and show your progress along the...
-
1. Why is it difficult to weigh environmental benefits of plastic bag regulations against human costs generated by higher rates of infection and shoplifting losses? 2. Even if the costs of plastic...
-
Describe the importance and contents of medical records.
-
Lindberg Delivery Service had the following selected transactions during October: 1. Received cash from issuance of capital stock, $75,000. 2. Paid rent for October, $4,200. 3. Paid advertising...
-
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Claimjumper $...
-
1. In what respects is the change consistent with Alfred Chandlers phrase, structure follows strategy? 2. Why do investors think that the new Alphabet structure is worth an extra $29 billion?
-
Suppose you were asked to determine and align the four elements of an operations strategy for The Boeing Company (Chicago, IL). Identify its customers, core competencies, operational critical success...
-
Suppose you are a retail store owner trying to decide whether to extend your Black Friday hours to start on Thanksgiving afternoon. You know that you earn 40% of your annual sales revenue during the...
-
This year Jack intends to file a married-joint return. Jack received $172,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This...
-
What would be the gains from additional supply made available (at the same price) from each of the growers? How much of a premium would you be willing to pay for each additional box and how many...
-
ABC Corporation distributes equipment (market value $10,000, basis $19,000) and inventory (market value $70,000, basis $40,000) to its sole shareholder. Prior to the two distributions, ABC has $1...
-
Ryanbay Enterprises uses a standard cost system and prepared the following budget for May when 21,000 machine hours of activity were anticipated: variable overhead, $60,900; fixed overhead: $357,000....
-
Net operating income equals: Multiple choice question. (dollar sales - dollar sales to break even) unit contribution margin. unit sales unit contribution margin. dollar sales - dollar sales to...
-
For this activity, explore the cost associate and the economic order quantity formula that determines a company's inventory reorder point. Find an article in an MRO-related journal in the Hunt...
-
You need to raise the temperature of a gas by 10C. To use the least amount of heat energy, should you heat the gas at constant pressure or at constant volume? Explain.
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
Alyssas Custom Cakes currently sells 5 birthday, 2 wedding, and 3 specialty cakes each month for $50, $150, and $100 each, respectively. The cost of labor is $50 per hour including benefits. It takes...
-
The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Working the normal two shifts of 40 hours each per week,...
-
The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Working the normal two shifts of 40 hours each per week,...
-
What advantage does the private resident buying oce (store-owned offices) aord its stores that independent buying oces do not? Describe two functions of an independent buying office. Describe the 4...
-
10. Consider the following data - == - -5 1 3 4 -1 0 1 1 (a) Find the Least Squares Regression Line. (b) Find the coefficient of correlation and determination. (c) Find a 90% confidence interval for...
-
Which point on the graph y=4x are closest to the point (0, 2)? (Hint: consider the distance formula between two points)
Study smarter with the SolutionInn App