Nobody downloaded yet

Operations Strategy - Essay Example

Comments (0) Cite this document
Summary
Operations Strategy Introduction Operations strategy is one of the most important considerations in an organization which aims to achieve its corporate objectives. The onset of global business has made this become clearer considering that the need to compete is necessary to be taken into special account…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Operations Strategy
Read TextPreview

Extract of sample "Operations Strategy"

Download file to see previous pages For instance, it is not only enough to focus the whole energy of an organization on production activities, but considering that there are existing processes in the business world as it continuously evolves, other aspects need to be substantially focused and even strategic actions have to be implemented. History The existence of business itself paves way to the formulation of operations strategy. Businesses ended up to the creation of business strategies. These led to the formulation of effective operations strategies (Waters, 1999). Businesses have to function efficiently and this is the reason why strategies are necessary to be integrated with the whole business operation. In fact, this is evident on how the United States’ business evolved over time. The evolution of business policy and management started between 1930 and 1960 as highly influenced by American dominance in the global market (Amatori & Jones, 2003). It is during this period that business was considered as an isolated American subdiscipline. During this time, the United States has become one of the leading countries that introduced business sophistication into the world. This resulted to significant innovation and major changes how the business including its operations was conducted. Throughout history, businesses evolved and primarily this is sped up by the onset of globalization in the modern business world. In globalization, there is increasing interdependence between national systems through different aspects including trade, military alliance, domination and cultural imperialism (Waters, 2001). It is not surprising therefore that the business world has significant changes over time due to the fact that interdependence between nations existed. This includes maximization of resources and operation. This is the very reason why business has become international and has turned into a good opportunity for international organizations to maximize their operations and resources. As the effect, each organization that tries to compete with each other is trying to create competitive strategies for their competitive advantage (Porter, 1990). For instance, marketing strategies existed and companies are after of stimulating needs not just relying purely on production oriented operation approach (Boone & Kurtz, 2006; Kotler et al., 1999). In short, the need for operations strategy is necessary in order to compete. The need for innovation is not just on producing new service or product offerings, but there is substantial consideration on business operation approach in which strategies are become its integral parts in the process. In other words, as business itself evolved, its corresponding operation which has been an integral part in its existence has also become so involved with business strategic formulation. This is in line with the creation of competitive advantage due to spiraling growth of competition everywhere most especially that the world has become so compressed when it comes to interdependence in trade. Thus, every organization is expected to formulate their very own operation strategies in order to sustain their ventures and even maximize their full advantage in their respective industries. Relevance It is important to understand that the relevance of operations strategy at present can be traced back to how business has substantially evolved. Operations element of a business ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operations Strategy Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1415772-operations-strategy
(Operations Strategy Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/environmental-studies/1415772-operations-strategy.
“Operations Strategy Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/environmental-studies/1415772-operations-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Operations Strategy

Operations Strategy

... 0. Introduction This paper will discuss the operations strategy process for three companies that operate in the UK’s Quick Service Restaurant (QSR) industry, namely: McDonald’s, Subway and KFC. The paper shall focus on the market-led operations strategy process placing emphasis on the use of Hill’s methodology. The paper begins with business description and SWOT analysis of each of these three fast-food chains. From the SWOT analysis and business background information the paper shall identify the key operations performance objectives for each company and relate them to their competitive factors. The paper shall then conclude by identifying which internal performance objectives that McDonald’s, Subway and KFC need to focus... on in their...
11 Pages(2750 words)Coursework

Shipping Operations Strategy

...Carriers has been accident free, however, caution is still required and so all safety guidelines need to be followed. For this reason specially trained personnel is important on all voyages involving the transportation of LNG. According to Audun Brands?ter (2010) there were approximately 350 LNG tankers in 2010, consisting of a mixture of old and new tankers of varying sizes. Some are used on long-term contracts, others for medium-term and short term contacts involving spot charters. During 2008 to 2010, there was an excess of LNG Tanker capacity on the market and this resulted in some not being used during the period. Technical Strategies The process of assessing ship quality includes the operational...
15 Pages(3750 words)Essay

Operations strategy 2

.... Curving its market niche to luxury travels alone has been an important competitive strategy for British Airways considering that most clients appreciate when they travel in style and are always valued. In other words focus on luxury travel alone is another major reason why BA has been successful as it has managed to compete effectively with major budget airlines on various destinations through this strategy. References Cowling, A & Lundy, O 1996, Strategic Human Resource Management, London, Routledge. Hill, T 2000, Operations Management Strategic Context and Managerial Analysis, 2nd Ed. Basingstoke, Palgrave. History and heritage, British Airways, Retrieved November 28 2012 from...
4 Pages(1000 words)Essay

Operations Strategy

...? Operations Strategies and Management of Samsung Inc. and the Coca Cola Company Introduction Operations strategy of a company is the collective strategies that the company management put in place in order to realize smooth flow of the company’s operations and production processes thereby gaining a competitive edge in the market (Cadle, Paul, & Turner 2010, p. 23). An operation on the other hand entails the due processes involved in the supply of products and services by the organization. This means that the role of decision-making and related functions lies entirely in the docket of the operations...
9 Pages(2250 words)Essay

Operations Strategy Case Study

...OPERATIONS STRATEGY APPLE 2002 CASE ANALYSIS Executive Summary Apple began by the assignment to "change the world during technology." More specially,the company required out to make the personal computer an available and reasonable device to the mass market. The propagation of new software and hardware technology radically changed the landscape of the industry and Apple adopted a separation strategy. Software and hardware addition allowed Apple products to be additional "versatile," reliable, and better in performance (Apple Announces Corporate Reorganization 1996). Rapidly changing industry dynamics dictated Apple's competitive strategy. In essence, the intended...
20 Pages(5000 words)Case Study

Operations Strategy for Industry

...and the current compulsions of reducing time wasted during process steps as these are at a distance from each other. The suitable modifications include positioning the process steps nearby and preventing the emissions from traveling to other parts of the premise by way of using doors and exhaust facilities. Maintaining inventory of supply and finished product at an optimum level is another key departure from the existing process, as this will lead to a substantial reduction in the delivery schedule. Partnership approach with suppliers will help in reducing the inventory requirement for the supply side. Manufacturing strategy based on Terry Hill’s framework TERRY HILL is an international figure in the field of...
16 Pages(4000 words)Essay

Operations Strategy & managent

...Management Strategy Operations Strategy and Management Introduction Through a wide-scoped definition, this term refers to the policy and manner of a venture’s activities in its daily business undertakings (Scott, 2003). To create an operating policy refers to the appraising of the existing operational representation of a company and analyzing the potential to realize radically different activities concerning reduced charges or augmented worth or both. A perfect operational policy turns ventures potential policies into practical reality, generating calculated aggressive benefits during the procedure. An operational policy...
16 Pages(4000 words)Term Paper

OPERATIONS STRATEGY AND MANAGEMENT

...OPERATIONS STRATEGY AND MANAGEMENT OF McDonalds Contents Contents 2 Introduction 3 Supply Chain Network 3 Process Flow Chart 5 MUDA 7 Conclusion 9 References 10 Introduction McDonald’s is one of the leading retail food chain in the global environment having its branches across spread in over 100 countries worldwide having its branches spread into Canada, Middle East, Latin America, Africa, Europe and US. It has nearly 35,000 local restaurants providing service worldwide to more than 70 million people every day. The biggest strength of the company is to provide best quality service to the customer by providing them good food at an affordable price and also provides the option to the customer to make choice...
6 Pages(1500 words)Essay

Operations Strategy - Rolls Royce

...Your full Your number: The module Your Your assignment Word count: Operations Strategy - Rolls Royce Contents Contents 2 Executive summary 3 Introduction 3 Background of the company 4 Literature review 4 Operations strategy 4 The strategy hierarchy 7 The strategic role of the operations function 7 Four perspectives on operations strategy 8 Figure 4: The Four perspectives on operations strategy 8 Four stages of the process of operations strategy 9 Different competitive factors and performance objectives 9 Implementation of concepts to a company 10 Recommendations 14 Conclusion 15 Reference 16 Executive summary The growing focus on achieving operational efficiency while controlling the operational costs and achieving higher quality... of...
10 Pages(2500 words)Coursework

Operations Strategy Evaluation

...Operations Strategy Evaluation Table of Contents Executive summary 2 1. Introduction 3 2. Operational strategy evaluation 3 2.1. General model of operational management 3 2.2. 4 V’s profile of two operations 5 2.3. Four stage model of operational contribution 6 2.4. Competitiveness building objectives 7 3. Conclusion 9 Reference list 10 Appendix 12 Executive summary Operational strategies and performance objectives are most crucial factors for organisations. Maintaining effective value chain and proper supply chain is essential for international and national firms....
5 Pages(1250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Operations Strategy for FREE!

Contact Us