Class 3 - Strategy - Chapter 2

Class 3 - Strategy - Chapter 2 - BUS 370: Chapter 2 -...

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Unformatted text preview: BUS 370: Chapter 2 - Operations & Supply Chain Strategies Mr. Donavon Favre College of Management North Carolina State University Chapter Objectives Be able to: Explain the relationship between business and functional strategies and the difference between structural and infrastructural elements. Describe some of the main operations and supply chain decision categories. Explain the customer-value concept and calculate a value- index score. Differentiate between order winners and qualifiers. Explain why this difference is important to developing operations and supply chain strategy. Discuss the concept of trade-offs and give an example. Define core competencies and give an example of how they can be used in the operations and supply chain areas for competitive advantage. What is a business strategy? A mechanism for coordinating & guiding decisions regarding the elements of a business: Decide on Core Competency How do we compete? Decide on required Structural and Infrastructural elements to execute the strategy. Core competencies Organizational strengths & abilities that: Develop over long time periods Are valuable Competitors find difficult or impossible to copy Business Elements Structural Difficult to change: Buildings Equipment Computer systems Other capital assets Infrastructural Relatively easy to change: People Policies Decision rules Organizational structure Mission Statement Reason for existence...
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This note was uploaded on 04/21/2009 for the course BUS 370 taught by Professor Favre during the Spring '08 term at N.C. State.

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Class 3 - Strategy - Chapter 2 - BUS 370: Chapter 2 -...

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