Ma8 - Strategy Development and Implementation When an...

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Strategy Development and Implementation When an organization is engaged in the strategy development and implementation process, it must do three things: 1. Identify critical success factors 2. Build and staff the organization 3. Integrate operations management with other activities. No functional strategy will work if it is out of sync with other functional strategies. The operations manager’s job is to implement an operations management strategy, provide competitive advantage, and increase productivity. There are generally three steps that a company must go through when it is engaged in strategy development: 1. Environmental analysis or environmental scanning: The company must identify the strengths, weaknesses, opportunities, and threats (SWOT) that it faces to understand the environment, customers, industry, and competitors. 2. Determining the corporate mission: The company must be able to state the reason for existence of the firm and identify the value it wishes to create. 3.
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This note was uploaded on 02/03/2011 for the course MAN 4504 taught by Professor Benson during the Spring '08 term at University of Florida.

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Ma8 - Strategy Development and Implementation When an...

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