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Generic Operational Strategies - Operation Strategy
Porter (1985) presented five basic generic strategies for business:
1. Cost efficiency - low cost leadership strategy
2. Differentiation strategy - be different from the competition in at least one key aspect of the buyers purchasing criteria
3. Focus on a particular market segment strategy - be the best in the market in which you specialise
4. A quality strategy - be a quality leader and have an innovation strategy - be the leader on product characteristics - usually through technological innovation.
Record of operations in an organisation If the operation to be studied already exists it is important to record its details by direct observation. To help in this, many tools
What are some drawbacks and risks to a broad generic business strategy? To a focused strategy?
Now let's continue our discussion about the financial aspects of owning your own business that are part of TCO #7 by considering the idea of "ratio analysis" (Hatten, 2009, p. 215)
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Can anyone please explain the correlation between Realization Factor, Capacity, Utilization, and Rolled Throughput Yield, please? Equations would also be nice.
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