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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
Flow Charts Flow chart is the most familiar tool to understand processes. It is used to identify a sequence of events in a process. Using flow charts require six deliberate act
P hases of value engineering process I nvestigation phase: This phase investigates the background information, the technical input reports, the field data, the functiona
Disadvantages of participative management: There are also disadvantages to participative decision-making. Implementation of the tough decisions taken by the management th
Three Dimensional Model These are scale models of a facility and more nearer to the real situation as besides length and width they show height of the facility also. Models ar
Quantity to be manufactured When only few parts are to be manufactured we cannot use the processes involving more setups, costly tools and special purpose machines. The use
What is operational and behavioural symptoms
ten characteristics of organizational culture
From what product must the acceptance criteria for a project is derived and why? The acceptance criteria must be derived by the Requirements Specification that is where the use
Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use
Project Closure Project closure is the last stage of the Project Life Cycle. The beginning of the Project Closure Phase is analysed by the completion of all project objectives
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