Operations Strategy in a Global Market
... 8 April 2007 Operations Strategy in a Global Market: Cost or Price, Quality, Delivery Speed In the 21st century, the phrase "global market" has become a watchword for companies around the world. Information technology has become a necessity for the success of any company because online purchasing has become a way of life for customers. It is therefore important to give the public what it wants by establishing an operations strategy, a method of knowing where the company is, where it is going, and how its future goals will be reached (Champy, par. 2).
Cost or Price
In the United States, manufacturing costs are a chief concern due to the low labor costs that foreign competitors enjoy. These costs hav...