Generic operational strategies - operation strategy, Operation Management

Assignment Help:

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.


Related Discussions:- Generic operational strategies - operation strategy

Describe how does national culture affect strategy, How does national cultu...

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu

Explain similar job classifications, When you look at the pay of unionized ...

When you look at the pay of unionized employees vs non-union in similar job classifications, what are the differences in terms of amount of pay, how the pay levels are determined,

How to do selection of a database management system, Identify and describe ...

Identify and describe three criteria that should be used to evaluate the selection of a database management system. Describe how an organization should use each criterion to evalua

Lowest cost entry method, Lowest Cost Entry method s( LCEM) or Matrix Minim...

Lowest Cost Entry method s( LCEM) or Matrix Minima Method: Step1: Determine  the smallest  cost in  the cost matrix of the transportation table. Let it be ( C ij ). Allocate

Explain why are service typically more difficult to automate, Why are servi...

Why are services typically more difficult to standardize, automate, and make efficient?

Explain a computer-supply mail order house has a memory chip, A computer-su...

A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has

Explain what does it mean to be a risk-tolerant organization, What does it ...

What does it mean to be a risk-tolerant organization? How does that relate to the level of creative that is likely to develop in an organization?

Explain personal and professional lives, How can you see the integration an...

How can you see the integration and the modern management theory integrated into your own personal and professional lives? Pick only one theory for there are hundreds

Explain branding and packaging and labelling, First, visit a local retail s...

First, visit a local retail store and look at the brand names, package designs, and labels for various products. Choose one product that you think is a "good" example of these prod

Find market price of the bond, SWH Corporation issued bonds on January 1, 2...

SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on

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