BUSQOM 1070 Chapter Notes - Chapter 2: North American Free Trade Agreement, World Trade Organization, Supply Chain
23 Dec 2018
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Chapter 2: operations strategy in a global environment. Reduce costs and exchange rate risk: 3. Improve operations: operations learn from better understanding of management innovations in different countries. Improve products: firms serve themselves and their customers well when they remain open to the free flow of ideas. Section 5 strategy development and implementation: swot analysis: a formal review of internal strengths and weaknesses and external opportunities and threats, strategic development process, analyze the environment. Understand the environment, customers, industry, and competitors: determine the corporate mission. Idea is to build ksfs and core competencies that provide a competitive advantage and support a successful strategy and mission. Implementing the 10 strategic om decisions: the implementation of the 10 strategic om decisions is influenced by a variety of issues. From missions and strategy to key success factors and core competencies while addressing such issues as product mix, product life cycle, and competitive environment.
