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.

Posted Date: 3/18/2013 1:48:53 AM | Location : United States

Ask an Expert

Related Discussions:- Terminology of operation strategy, Assignment Help, Ask Question on Terminology of operation strategy, Get Answer, Expert's Help, Terminology of operation strategy Discussions

Write discussion on Terminology of operation strategy
Your posts are moderated

Write your message here..

Related Questions

Explain how might this process be improved, Abbott Manufacturing produces p... Abbott Manufacturing produces plastic cases for solar photovoltaic panels and has decided to combine orders from customers to increase work order size, and thereby make one large p

Explain permissive actions act, Why do unions emphasize the need for cohesi... Why do unions emphasize the need for cohesiveness? So they can issue calls for "solidarity" to members during periods of threat Because group members tend to behave different

Explain the five elements of self-leadership, 1. Discuss the advantages and... 1. Discuss the advantages and disadvantages of the four reward objectives. 2. Identify several team and organizational level performance based rewards. 3. Describe five ways

Types of dispatching, Types of Dispatching Dispatching may be centralize... Types of Dispatching Dispatching may be centralized or decentralized. Centralized dispatching refers to the instructions issued from the central dispatching section directly

Explain assess how southwest airlines culture is different, "Southwest Airl... "Southwest Airlines" Please respond to the following: Assess how Southwest Airlines culture is different from other airline competitors and the resulting impact on business perf

Define the periodic inventory control systems, Define the periodic inventor... Define the periodic inventory control systems. Periodic (or bin) Inventory Control Systems: Stock levels are reviewed at pre-found intervals of time and an order is posit

Explain bagel has a competitive advantage, After viewing the video, do you ... After viewing the video, do you think Finagle a Bagel has a competitive advantage? If so, what is it? If not, why not?

Find the critical path, Using the information given in the following table:... Using the information given in the following table: (A) Identify the critical path. (B) Determine expected project duration. Activities Precedes Duration Start a,b,c - a d 5 d f 6

Explain what is the value of the game, Consider the following two-person ze... Consider the following two-person zero-sum game. Assume the two players have the same two strategy options. The payoff table shows the gains for Player A.               Player B

Explain differentiate between a workcentre, Differentiate between a WorkCen... Differentiate between a WorkCentre and a manufacturing cell