Change operation strategy for companies

Assignment Help Project Management
Reference no: EM1343281

Continually Changing Operation Strategy for Companies

Why does the "proper" operation strategy keep changing for companies that are world-class competitors?

The world is evolving every day and is at a constant change or upgrade. So it only makes sense that the â??properâ? operation strategy will also evolve and change over time, otherwise your corporation could easily get run over by the competition and transforming market. As a company its important to position yourself with your product or service in the market, whether it would be high price and high quality or low price and fast shipping. But once you have positioned yourself in the market, that does not mean you don't have to change your goals and competitive dimensions. It's important to keep up and stay on top of the competition, and the only way this can be accomplished is by redeveloping and evaluating as needed.

Another way to also look at the need to change strategies is that many operational goals will also change over time, so a new design will need to be implemented for future accessibility. Your customers and competition are also going to continue to look for the latest and most innovative product or service. In order to keep up with the other world-class competitors, as a company, strategies will have to be updated and evaluated on a regular basis whether it would be going over the cost, quality, delivery, or product changes. As a company, differentiating yourself from the competition by having a specific skill or service is a must due to the intense competition throughout the world.

Reference no: EM1343281

Questions Cloud

Brand image of rolls royce : We were looking at the Rolls-Royce brand. We noted that Rolls Royce could be vulnerable as a result of its uniqueness in terms of handmade craftsmanship and also aiming for perfection
Explain what is the relative quality : Explain what is the relative quality between Toyota Corolla and Rolls Royce -  Is cost often a function of the market requirements and can high quality is achieved at any cost point
Expectations theory : Disclose what the book suggests once the short-term rate is much cheaper than the long-term in interest rate. Substantiate whether or not that is a normal occurrence or a cause for alarm.
Explain about pert and cpm : Important information about PERT and CPM - In what situations should the PERT estimation technique be used?
Change operation strategy for companies : Continually Changing Operation Strategy for Companies - Why does the "proper" operation strategy keep changing for companies that are world-class competitors?
Biology questions set : Cytopathic and non-cytopathic viruses elicit very different immune responses. The primary determining factor in the type of immune response to a viral infection is which of the following (select one)?Answer
Definition of production system and operations management : Definition of Production System and Operations Management - Define a production system and how does the concept of a production system help in the understanding of OM?
Compute breakeven cash inflows for etsitty arts : Compute Breakeven cash inflows for Etsitty Arts, Incs new project - How would the minimum yearly cash inflow change if the company required a 10% return on its investment?
Accounting project-financial analysis and real life decision : Ideas for situation that would fit this type of analysis other than those already provided

Reviews

Write a Review

Project Management Questions & Answers

  Determining es-ef-ls-lf and slack for each activity

George would like to determine ES, EF, LS, LF, and slack for each activity.

  Net present value of the project positive

Riskless Project: Which Statement Is False - the net present value of the project is positive

  Risk management important aspect of project management

Why is risk management an important aspect of project management?

  Explaining business-related topic of interest

You are welcome to survey the literature on a business-related topic of interest.

  First step in the project management cycle

What is the first step in the project management "cycle"?

  Debtholders and shareholders are selecting project

Which project do the debtholders prefer and which project do the shareholders prefer?

  The expectancy theory of motivation

Project managers often focus more on project needs and neglect the human resource aspect with little attention given to motivate the project teams. With short notes explain- (i) The expectancy theory of motivation (ii) The equity theorem

  Evaluate the use of complex models of project risk

Critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed.

  Explain project scheduling techniques

Project Scheduling Techniques - what are the implications of this regarding usage of any standard project scheduling technique

  Drawing ccpm-network diagram and gantt chart

Draw a CCPM network diagram and a Gantt Chart. How would these diagrams differ from the ones generated using traditional scheduling techniques.

  Calculating ratios needed to assess profitability

Calculate the following ratios needed to assess profitability and interpret the results. This should include the last 3 years of ratios for the company and the last 3 years of ratios for the competitor.

  Component of the project management process

Use the materials at your disposal, and PMBOK, to describe project risk management as a component of the project management process.

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