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Operation management.docx - 1 st question :The difference...

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1 st question :-The difference between long-term and short-term decisions in an organization isas follows.Top-level management engages in a planning process known as strategic planning Theyusually Decide where to take the organization in the future and what all aspects arenecessary to achieve the mission vision and objectives. In operation planning, Middle-levelmanagement engages in the procedure that foresees the daily operations of the company.Strategic planning creates a path that will take the business toward its ultimate goal, theprocess is used to establish the company’s vision and aspiration and set its priority straight.The process of operational planning is to support strategic planning. Strategic planning isalways focusing on long-term growth, whereas in operational planning The company's short-term goals are established throughout this process, along with a way to help them beaccomplished.The first-year MBA course in strategy at Harvard Business School defines strategy as “anintegrated set of choices that positions a firm in an industry so as to generate superiorfinancial returns over the long run.”
As I can see here there were issues in keeping the standard inventory and the rent for it was alot, so what Chad Thomas can do is invest in some warehouse where he can keep theextrastock by paying nominal,Short time:-Allocating resources, including replenishing and allocating raw supplies on a daily basisHave more insights about customer demands and plan the operation

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Term
Fall
Professor
N/A
Tags
Management, Chad Thomas

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