Question: Operating strategies concern the specific plans for building competitive advantage in each major department ( R & D , production, marketing, finance ) and operating

Operating strategies concern
the specific plans for building competitive advantage in each major department (R&D, production, marketing, finance) and operating unit (plants, distribution centers, geographic divisions). the specific operating practices and business systems that a company plans to use in implementing and executing particular pieces or components of the company's overall strategy.
what the firm's operating departments are doing and plan to do to unify the company's functional and business strategies. the actions, approaches, and practices to be employed in managing particular business processes or key activities within a business--like production, new product development, sales and marketing, customer service, and finance.
the relatively narrow strategic initiatives and approaches for managing key operating units (plants, distribution centers, geographic units) and specific operating activities with strategic significance (quality control, advertising, brand-building efforts, supply chain-related activities, and website operations).
 Operating strategies concern the specific plans for building competitive advantage in

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!