Question: Beyond just executing the current way of doing things, operations management is about Multiple Choice eliminating inefficiencies to move the firm below the efficient frontier
Beyond just executing the current way of doing things, operations management is about
Multiple Choice
eliminating inefficiencies to move the firm below the efficient frontier
making strategic tradeoffs to do well on all dimensions of the customers' utility function
managing inputs and resources to move the firm below the efficient frontier
innovating its operations to shift the efficient frontier in a positive direction
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