Operations Strategy and Competitiveness

The success of a company depends on the effectiveness of its strategies.

• True

• False

direction and long-term goals of a company.

Above statement refers to

• Mission

• Vision

• Strategy

• Management Process

comprehensive action plan that serves as the means to achieve vision, mission and objectives.

Above statement refers to

• Vision

• Mission

• Strategy

• Palnning

What are the strategies to achieve competitive advantage through operations?

• Differentiation

• Cost Leadership

• Planning

• Response

The performance of an organization is mainly determined by its internal resources.

Above statementrefers to

• Porter’s value chain analysis

• Resource based view

What are the main phases in a strategic process?

• Strategy formulation

• Matching formulation

• Strategy implementation

• Strategy evaluation and control

What are the advantages of global operations strategies?

• Firms have the opportunity to gain new customers in foreign markets for their products.

• Firms have the opportunity to set up an operations facility with lower costs in a foreign country.

• Joint ventures with foreign companies enable the firms to learn the latest technology, culture and business practices of successful companies in international markets.

• Competition in foreign markets is sometimes less intense compared to that of the local market.

List down the global strategy options?

• International Strategy

• Multi-domestic Strategy

• Transnational Strategy

• Global Strategy