This preview shows page 1. Sign up to view the full content.
Unformatted text preview: strengths and weaknesses, establishing long-term objectives, generating alternative strategies, and choosing particular strategies to pursue. Strategy formulation issues include deciding what new businesses to enter, what businesses to abandon, how to allocate resources, whether to expand operations or diversify, whether to enter international markets, whether to merge or form a joint venture, and how to avoid a hostile takeover to not involve operations managers in developing a vision and mission is wrong. Even if operations managers are so busy with the day to day running of the business that they are not contacted for their valuable input into the strategic decision making process. That supposed to be the first thing involved in the vision and mission of any company. For that Im with involve operation management to develop vision and mission and also to determine the weakness and threats of the firm...
View Full Document
This note was uploaded on 02/26/2011 for the course BUSINESS Bus 063 taught by Professor Hidi during the Spring '11 term at West Valley.
- Spring '11