Understanding component processes of creating product

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Reference no: EM133033124

Corporate strategy is created to give direction to an entire organization. Any business will have resources such as trained professionals, specialized products and processes, and financial assets. A CEO who is responsible for the overall strategic direction would not be able to effectively craft a plan or communicate it without first evaluating internal resources and understanding how to best utilize and then build on them.

Without understanding the component processes of creating a product, no manager or CEO would be able to make good decisions related to the product's production, distribution and marketing. Further they should clearly understand what goes in to each production step, what parties are involved, and whether there are improvements that can be made to any one part of the production process or supply chain.

Reference no: EM133033124

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