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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Chapter 2, Problem 3DQ
Summary Introduction
Interpretation: Ways in which a business strategy is developed is to be determined.
Concept Introduction:
A business strategy is defined as a short-term plan for future which is made to achieve a particular aim by optimizing resources and using it efficiently and effectively.
It is also defined as a set of competitive actions andmoves that a business uses in order to attract its customers, compete successfully, and achieveorganizational goals and for strengthening performance. It also summaries how a business should be carried out in order to reach to the ultimate goal.
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Operations Management, Binder Ready Version: An Integrated Approach
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