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Operation Strategy Operation strategy deals with how and where a product is manufactured. There are mass-production, modular production and mass-customization. These are the three common methods of producing a large number of goods or services. Modular production applies to automobile …
Issue of the functional structure An issue of the functional structure is the lack of cross-function interaction. Teamwork is a very important part of the business. In a functional structure, resources and talents are allocated to specialized skills. Employees are …
Timing tactics impact strategy Timing tactics impact strategy profoundly and fundamentally. In operation strategy, timing is related to resources purchase, production schedule and release. In technology for example, a project to develop a software program has strict scheduling and any …
Corporate scenarios can be used to aid the development of strategy Corporate scenarios can be used to aid the development of strategy. Corporate scenarios are nothing but fail-tests for a strategy. They are built to find out the external and …
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Explain how using an IFAS table impacts the understanding of a company’s internal resources and capabilities? IFAS table helps in different ways in understanding the internal resources and capabilities of the organization. This is fact that the use of IFAS …
How does the Resource-Based View of the Firm provide a superior means of evaluating a company’s competitive advantage? In a firm, the asset based approach use to plan an important role as the organization’s game changer. This method is also …
Moral relativism led to many criminal activities Moral relativism led to many criminal activities with the effects of some employees in the company because of the internal politics in the premises of an organization. In a particular matter when employees …
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Issues suggest the need for an oversight of management of a company includes: Bad accounting practices uncovered by the internal or external auditors suggest that the managers are not handling the finance of the company honestly. Oversight and Poor sales …
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Roles and responsibilities of active board of directors: Representing the stakeholders to review reports from management on company’s performance periodically. Giving advice to management with the goal to maximize stakeholders’ wealth. Voting on major decisions of the company including hiring …
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Formulation and Implementation Issues Formulation issues include: Lack of understanding of requirements. This issue can be fixed by improvement in communication and documentation. Goals are not specific or attainable. It is important to set SMART goals which mean that the …