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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.
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Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000
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Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this?
HW TO SOLVE Graphicalmethod of solvuing LPP
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