Terminology of operation strategy, Operation Management

Assignment Help:

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.


Related Discussions:- Terminology of operation strategy

Work study and value analysis - improving productivity, Work Study and Valu...

Work Study and Value Analysis - Improving Productivity  By considering how work is carried out (method study) or considering alternative approaches using a cost-benefit analys

Process Model - Serivces, Apply a proces smodel to a services industry proc...

Apply a proces smodel to a services industry process that experiences problems with either internal or external customers. Discuss all elements

Productivity challenge in organisations, Productivity Challenge in Organisa...

Productivity Challenge in Organisations Productivity is the ratio of outputs (goods and services) divided by the inputs (resources: labour, capital and services). It is one of

Case Study, After working for 30 years, Ramjee Somjee Dutt opted for VRS an...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Make scope statement for this project that contains examples, You are in ch...

You are in charge of organizing a dinner-dance concert for a local charity. You have reserved a hall that will seat 40 couples and have hired a jazz combo. Develop a  of all the

Explain voluntary affirmative action plans, All of the following are ways t...

All of the following are ways through which affirmative action can arise at the workplace except Answer through legal ways. Through judicial affirmative action. Consultant based af

Explain recreation collects data on the number of cars, A state department ...

A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. (The group's position is that more out-of-state p

Explain project form more common or the exponential form, Is the stretched-...

Is the stretched-S life cycle project form more common or the exponential form? What other aspects of managing a project are affected by the nature of the project form besides budg

Explain global standardization strategy, Which business strategy below does...

Which business strategy below does the company Walmart's uses to go global? Elaborated going to China to do business... A) Global standardization strategy B) Localization str

Activities and advantage that providing facility to customer, Consider the ...

Consider the Gleneagles Hotel in Scotland - it is unique, not part of a chain. It is a six star hotel with world class sports facilities with two championship golf courses, which h

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd