Span of process eg make of buy decision 9 quality

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8.span of process (e.g. make of buy decision) 9. quality assurance planning 10. organizational structure 11. management information system design for production planning and control
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Strategy Formulation Process Analysis of business environment External factors: customers/competitors/market segment social/political/technological/ ……… Internal factors: Finance/marketing/supplier/capacit y of production/work force/ ………
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Strategy Formulation Process Specification of overall business strategy How firm s capabilities best match current (potential) market opportunities? Determination of operations performance criteria Price leader/quality/reliability/customization / ………
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Strategy Formulation Process Strategic operations decisions Capacity planning/facility location selection/span of process facility size and layout/product and process design/ ………
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Product s Life Cycle Product s Life Cycle Introduction - Sales begin, production and marketing are developing, profits are negative. Growth - sales grow dramatically, marketing efforts intensify, capacity is expanded, profits begin. Maturity - production focuses on high- volume, efficiency, low costs; marketing focuses on competitive sales promotion; profits are at peak. Decline - declining sales and profit; product might be dropped or replaced.
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Stages of a Product s Life Cycle Stages of a Product s Life Cycle Introduction Growth Maturity Decline Introduction Growth Maturity Decline B&W TV B&W TV Automobile Automobile Video Recorder Video Recorder CD Player CD Player Color Copier Color Copier Cell Phone Cell Phone Internet Radio Internet Radio Fax Machine Fax Machine Dot-Matrix Dot-Matrix Printer Printer
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National competitive advantages 1.Factor conditions: a nation s ability to turn its basic resources into a specialized advantage. 2.Demand conditions: number and sophistication of domestic customers, and the strength of media exposure to customers. 3.Related and supporting industries: High integration and corporation within the industry and among related industries. (e.g. A supplier industrial cluster or chain
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4. Company strategy, structure and rivalry: An effective strategy with matching organizational structure and strong domestic competition. (combination of all 4 points above is desirable for a nation to gain competitive advantages.) National competitive advantages
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5.Chance and opportunity: (e.g. wars, oil crisis, etc.) 6.Government support: (e.g. favorable policies and regulations) National competitive advantages
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International Companies International Companies International companies are those whose scope of operations spans the globe as they buy, produce, and sell.
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