Operations Management, Binder Ready Version: An Integrated Approach
6th Edition
ISBN: 9781118952610
Author: R. Dan Reid, Nada R. Sanders
Publisher: WILEY
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Question
Chapter 13, Problem 1DQ
Summary Introduction
Interpretation: Importance of the Strategic Business Plan needs to discussed.
Concept Introduction: A strategic business plan is created to focus on the long-term goals and its strategy to achieve those objectives.
Expert Solution & Answer
Explanation of Solution
A plan that helps to make the business successful is referred to as the Strategic Business Plan.
Importance of a Strategic Business Plan are:
- It lays on the company's goals and tells the importance of planning.
- It also helps in improving the performance of the company. For instance-The strategic business plan can provide the ways for restructuring the organization so that it can be effective.
- The strategy also helps in developing the new products, entering to the new markets, expanding the work, solving the issues of the organization.
Therefore, a good strategic plan helps to direct the ways to respond to the challenges and opportunities of every shape, size, and color.
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Chapter 13 Solutions
Operations Management, Binder Ready Version: An Integrated Approach
Ch. 13 - Prob. 1DQCh. 13 - Prob. 2DQCh. 13 - Prob. 3DQCh. 13 - Prob. 4DQCh. 13 - Prob. 5DQCh. 13 - Prob. 6DQCh. 13 - Prob. 7DQCh. 13 - Prob. 8DQCh. 13 - Prob. 9DQCh. 13 - Prob. 10DQ
Ch. 13 - Prob. 11DQCh. 13 - Prob. 12DQCh. 13 - Prob. 13DQCh. 13 - Prob. 14DQCh. 13 - Prob. 15DQCh. 13 - Prob. 16DQCh. 13 - Prob. 17DQCh. 13 - Prob. 1PCh. 13 - Prob. 2PCh. 13 - Prob. 3PCh. 13 - Prob. 4PCh. 13 - Prob. 5PCh. 13 - Prob. 6PCh. 13 - Prob. 7PCh. 13 - Prob. 8PCh. 13 - Prob. 9PCh. 13 - Prob. 10PCh. 13 - Prob. 11PCh. 13 - Prob. 12PCh. 13 - Prob. 13PCh. 13 - Prob. 14P
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