Operations Management
Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
Question
Book Icon
Chapter 2, Problem 5DQ
Summary Introduction

To determine: Definition of a strategy

Introduction:

A strategy is the scope and direction in which a firm is to travel to achieve the desired results. The strategy will explain an efficient way to exploit the resources accessible.

Blurred answer
Students have asked these similar questions
"Strategy acts like a Radar of a ship-without it an organization would drift aimlessly toward some unknown destination". Discuss
subject: Strategic management Cite an example of an industry where there's low threat of new entrants, low rivalry among competitors, low threat of substitute products, low supplier power, and low bargaining power of buyers?
Define multidomestic strategy and global strategy, give the pros and cons of each, AND explain the difference between the two, in terms of the dimensions that they balance.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub