Monday, December 6, 2010

Competitiveness, Strategy, and Productivity

Organizational Strategy Formulation Explained

Businesses compete using operations and more importantly their operational strategy. This article discusses strategy and operations planning.

Product and Service Design Considerations

  • Cost 
  • Location 
  • Quality 
  • Quick response 
  • Flexibility 
  • Inventory management 
  • Supply chain management 
  • Service 
  • Managers and workers 

Environmental scanning is a task that one must do before they are able to effectively plan operations strategy.

Order Winners & Qualifiers

Order Qualifiers

Characteristics that customers perceive as minimum standards of acceptability to be considered as a potential purchase

Order Winners

Characteristics of an organization’s goods or services that cause it to be perceived as better.

Distinctive Core cCompetencies 

Core Competencies 

The special attributes or abilities that give an organization a competitive edge. To be effective, the core competencies and strategies need to be aligned to compliment one another.

Types of Strategy for business Operations

Agile Operations

Agile operations is a strategic approach for competitive advantage that emphasizes the use of flexibility to adapt and prosper in an environment of change.

Involves the blending of several core competencies:

  • Cost 
  • Quality 
  • Reliability 
  • Flexibility 

Measuring productivity and operational performance is a must for any successful business.