Terminology of operation strategy, Operation Management

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







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
Related Questions
On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

eloberate manufacturing process technology with its types. project,jobshop,batch,assembly line,contineous..?

1. Describe The History And Core Business Of Each Company Kodak And Fujifilm. 2. Determine what other management differences have impacted the relative success of Kodak and Fuji

Champion v.Dunfee case a) What happened in this case as to why Champion the plaintiff is suing? b) Who did Dunfee try to bring into the case and why? c.) As to the girlfri

1. A company manufactures 1Kg bags of grout (used in tiling).  The specification is given in grams and is 1002.0 ± 7.5 g.  The following data has arisen in a process investigation.

Peter Belington Stereo, Inc. supplies car radios to auto manufacturers and is going to open a new plant. The company is undecided between Detroit and Dallas as the site. The fixed

If Microsoft don't build a cloud computing business, what will happen to them in the next decade? Why did the company decided that it had little choice but invest in cloud?

What is the relationship between the business strategy and an entity's organizational culture regarding staffing decisions? Is it possible to strengthen one without the other?

How does utilitarianism contradict the fundamental ethical principle: the end does not justify the means?

Name four methods of quantitative analysis that are useful in informing the facility location decision. How can each of the methods assist you in location decisions? Provide exampl