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Operations Strategy & managent - Term Paper Example

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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…
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Operations Strategy & managent
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Download file to see previous pages cy discovers novel avenues to the configuration of one’s entrepreneurial workings and money matters to produce perfect results in growth, income, and worth (Nicole, 2007).
Thesis statement: This paper seeks to examine the subject of operational management and strategy, and how it is practiced in the automotive industry. This paper will put particular focus on General Motors, Hyundai, and Nissan as case studies.
Strategic management explains the general course of businesses, often business establishments. It encompasses all the areas of elemental unease to superior business administration boards, or to individuals in the quest for the major causes for triumph and collapse in business enterprises. Generally, all businesses are forever in stiff competition with each other over elemental business needs. These needs include capital, market base, revenue, raw materials, prime locations, and conveyance systems, among others (Michael, 2006). As a result, virtually all ventures have tough decisions to face and make correctly to ensure certain and continued survival. Strategic business choices comprise of the formulation and implementation of relevant goals, the choice of merchandise to avail to customers, the blueprint, and context of relevant policies that control the business’ actions in the market, and the preference of a suitable intensity of span and variety (Scott, 2003). In addition, the blueprint of establishment configuration, directorial coordination, and guidelines utilized to classify and synchronize business activities are essential to guaranteed success. These options possess vital sway on the determining of ensured victory or certain crash of a business, and, therefore, they have to be combined in a way that they always work in harmony, and complementing each other. Successful integration is what enables the formation of a perfect business strategy.
Operations administration has constantly been among the main vital competence topics in all companies. ...Download file to see next pagesRead More
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