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10 Strategic Operations Management Decisions: Shaping Competitive Advantage
Author: Dr. Evelyn Reed, PhD, PMP, CSCP – Dr. Reed is a globally recognized expert in operations management with over 20 years of experience in both academia and industry. She holds a PhD in Industrial Engineering from MIT and is a certified Project Management Professional (PMP) and Certified Supply Chain Professional (CSCP). Her research focuses on strategic operations management and supply chain optimization.
Publisher: Wiley & Sons – Wiley is a leading academic and professional publisher with a long-standing reputation for publishing high-quality content in business, management, and engineering. Their publications are widely respected for their rigor and practical application.
Editor: Professor Michael Davies, MBA, PhD – Professor Davies is a seasoned operations management expert and holds a PhD in Business Administration from Harvard University. He has over 15 years of experience editing publications in the field of operations management.
Keywords: 10 strategic operations management decisions, operations management strategy, strategic operations planning, supply chain management, competitive advantage, operational efficiency, process improvement, capacity planning, technology adoption, risk management.
Abstract: This article examines ten critical strategic operations management decisions that significantly impact a company's competitive advantage and long-term success. We analyze each decision's implications, highlighting both the challenges and opportunities involved in making effective choices. The framework presented helps businesses navigate the complexities of strategic operations planning and achieve operational excellence.
Introduction: The Importance of 10 Strategic Operations Management Decisions
Strategic operations management involves making critical decisions that align operational capabilities with overall business objectives. These decisions, if made effectively, can lead to a sustainable competitive advantage. However, poor choices can severely hinder performance and even jeopardize a company's survival. This article delves into 10 strategic operations management decisions, exploring the challenges and opportunities associated with each. Understanding and mastering these decisions is crucial for any organization aiming for operational excellence.
10 Strategic Operations Management Decisions: A Detailed Examination
1. Process Design and Technology Selection: Choosing the right processes and technologies is fundamental. This includes selecting appropriate automation levels, evaluating different manufacturing layouts (e.g., job shop, flow shop), and implementing information systems for process management. Challenges: High initial investment costs for technology, integration complexities, employee retraining. Opportunities: Enhanced efficiency, reduced costs, improved product quality, increased flexibility.
2. Capacity Planning: Determining the appropriate production capacity is essential to meet demand while avoiding over- or under-utilization of resources. This involves forecasting demand, analyzing capacity requirements, and considering expansion strategies. Challenges: Inaccurate demand forecasting, long lead times for capacity expansion, balancing flexibility with efficiency. Opportunities: Optimized resource utilization, improved customer service levels, minimized inventory costs.
3. Location Strategy: Choosing the right location for production facilities or service centers greatly impacts cost, accessibility, and market access. Factors to consider include proximity to raw materials, labor costs, transportation infrastructure, and market demand. Challenges: Political and economic instability in certain regions, high land costs in desirable locations, logistical complexities. Opportunities: Reduced transportation costs, access to skilled labor, proximity to target markets.
4. Supply Chain Management: Effective supply chain management is crucial for ensuring timely delivery of materials and products. Decisions involve supplier selection, inventory management, logistics, and risk mitigation strategies. Challenges: Supply chain disruptions, geopolitical instability, managing complex global networks, increasing transportation costs. Opportunities: Improved cost efficiency, enhanced responsiveness to market demand, strengthened relationships with suppliers, reduced lead times.
5. Inventory Management: Balancing inventory levels to meet customer demand while minimizing storage costs is a critical decision. This includes deciding on inventory control systems (e.g., just-in-time, EOQ), safety stock levels, and warehouse management. Challenges: Demand forecasting inaccuracies, storage costs, risk of obsolescence, maintaining optimal inventory levels. Opportunities: Reduced storage costs, improved cash flow, minimized risk of stockouts, enhanced responsiveness to demand fluctuations.
6. Quality Management: Implementing robust quality control systems is essential for ensuring customer satisfaction and minimizing production defects. This involves defining quality standards, implementing quality control processes, and continuous improvement initiatives. Challenges: Maintaining consistent quality standards across different production locations, high costs associated with quality control measures, dealing with customer complaints. Opportunities: Enhanced customer satisfaction, reduced rework and scrap costs, improved brand reputation.
7. Human Resource Management: Effective human resource management involves recruiting, training, and motivating employees to achieve operational excellence. This includes developing employee skills, creating a positive work environment, and fostering teamwork. Challenges: Skill shortages, high employee turnover, managing diverse workforce, motivating employees. Opportunities: Improved employee productivity, reduced absenteeism, enhanced innovation, increased employee loyalty.
8. Layout and Design: Optimal layout and design of production facilities or service centers can significantly enhance efficiency and productivity. This involves optimizing workflows, minimizing material handling, and creating a safe and efficient work environment. Challenges: High initial investment costs, disruption during implementation, coordinating with other departments. Opportunities: Improved workflow efficiency, reduced material handling costs, enhanced productivity, improved employee safety.
9. Technology Adoption: Embracing new technologies can significantly enhance efficiency, flexibility, and responsiveness. This includes automation, robotics, data analytics, and artificial intelligence. Challenges: High initial investment costs, integration complexities, employee resistance to change, cybersecurity concerns. Opportunities: Enhanced productivity, improved quality, reduced costs, increased innovation.
10. Risk Management: Developing and implementing risk management strategies is crucial for mitigating potential disruptions and ensuring business continuity. This involves identifying potential risks, assessing their likelihood and impact, and developing mitigation plans. Challenges: Unpredictable nature of risks, resource constraints, balancing risk mitigation costs with potential benefits. Opportunities: Reduced vulnerability to disruptions, improved resilience, enhanced business continuity.
Conclusion: Mastering the 10 Strategic Operations Management Decisions
Making effective decisions in these ten areas is critical for achieving operational excellence and building a sustainable competitive advantage. By carefully considering the challenges and opportunities associated with each decision, companies can develop robust operational strategies that drive profitability and growth. Continuous monitoring, adaptation, and improvement are key to success in the dynamic landscape of operations management. The framework presented here provides a solid foundation for businesses to navigate the complexities of strategic operations planning and ultimately achieve their operational goals. The successful integration and management of these 10 strategic operations management decisions will directly contribute to a company's overall success and competitiveness in the market.
FAQs
1. What is the difference between operational and strategic operations management decisions? Operational decisions are short-term, tactical decisions related to day-to-day operations, while strategic decisions are long-term, high-level decisions that shape the overall direction of operations.
2. How can I prioritize these 10 strategic operations management decisions for my company? Prioritization depends on your specific industry, business goals, and current operational capabilities. Conduct a SWOT analysis and assess the potential impact of each decision on your competitive advantage.
3. What tools and techniques can help in making these strategic operations management decisions? Techniques include SWOT analysis, Porter's Five Forces, scenario planning, value chain analysis, and data-driven decision making using analytics and KPI tracking.
4. How can I ensure effective implementation of these strategic operations management decisions? Effective implementation requires clear communication, strong leadership, employee involvement, robust project management, and continuous monitoring of progress.
5. What role does technology play in supporting these strategic operations management decisions? Technology plays a crucial role in enabling data-driven decision making, automating processes, improving efficiency, and enhancing communication across the supply chain.
6. How can I measure the effectiveness of my strategic operations management decisions? Key Performance Indicators (KPIs) such as production efficiency, inventory turnover, customer satisfaction, and cost reduction can be used to track the effectiveness of your decisions.
7. How can I adapt these 10 strategic operations management decisions to different industry contexts? The fundamental principles remain the same, but the specific details will vary based on industry-specific regulations, customer demands, and technological advancements.
8. What are the ethical considerations in making strategic operations management decisions? Ethical considerations include fair labor practices, environmental sustainability, ethical sourcing of materials, and data privacy.
9. How can I build a culture of continuous improvement to support these strategic operations management decisions? Foster a culture of learning, experimentation, and feedback. Encourage employees to identify areas for improvement and implement Kaizen or Six Sigma methodologies.
Related Articles
1. The Impact of Technology on 10 Strategic Operations Management Decisions: Examines how technological advancements influence each of the 10 decisions, including automation, AI, and data analytics.
2. Supply Chain Resilience and the 10 Strategic Operations Management Decisions: Focuses on how to build resilience into the supply chain through strategic decision-making, considering risks and disruptions.
3. Lean Manufacturing and the 10 Strategic Operations Management Decisions: Explores how Lean principles can optimize each of the 10 decisions, focusing on waste reduction and continuous improvement.
4. Global Operations Management and the 10 Strategic Operations Management Decisions: Examines the unique challenges and opportunities presented by global operations in the context of the 10 decisions.
5. Sustainable Operations Management and the 10 Strategic Operations Management Decisions: Explores how sustainability concerns influence each decision, incorporating environmental and social considerations.
6. Digital Transformation and the 10 Strategic Operations Management Decisions: Analyzes the impact of digital transformation on operations management decision-making.
7. Risk Management in Operations and the 10 Strategic Operations Management Decisions: A detailed look at risk identification, assessment, and mitigation strategies for each of the 10 decisions.
8. Capacity Planning Strategies and the 10 Strategic Operations Management Decisions: Explores different capacity planning techniques and their relevance to the overall operational strategy.
9. The Role of Data Analytics in Informing 10 Strategic Operations Management Decisions: Discusses how data analytics can support evidence-based decision making in operations management.
| 10 strategic operations management decisions: Strategic Operations Management Steve Brown, Richard Lamming, John Bessant, Peter Jones, 2007-06-01 This is a substantial new edition of a successful textbook which continues to have a sensible and 'easy to read' style. Each Chapter has a past/present/future theme with a real strategic approach. Strategic Operations Managment shows operations as combining products and services into a complete offer for the customer. Services are therefore seen as key and are integrated throughout the material in each chapter. Manufacturing, service supply and other key factors are all shown to be in place. In an era where companies are fond of talking about core competences but still struggle to understand their operations, this is an important for academics and practitioners alike. Only when managers understand their operations will they be able to leverage them into any sort of capabilities that will lead to competitive advantage. Online tutor resource materials accompany the book. |
| 10 strategic operations management decisions: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| 10 strategic operations management decisions: Fundamentals of Business (black and White) Stephen J. Skripak, 2016-07-29 (Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license. |
| 10 strategic operations management decisions: Strategic Operations Management Steve Brown, Richard Lamming, John Bessant, Peter Jones, 2007-06-01 This is a substantial new edition of a successful textbook which continues to have a sensible and 'easy to read' style. Each Chapter has a past/present/future theme with a real strategic approach. Strategic Operations Managment shows operations as combining products and services into a complete offer for the customer. Services are therefore seen as key and are integrated throughout the material in each chapter. Manufacturing, service supply and other key factors are all shown to be in place. In an era where companies are fond of talking about core competences but still struggle to understand their operations, this is an important for academics and practitioners alike. Only when managers understand their operations will they be able to leverage them into any sort of capabilities that will lead to competitive advantage. Online tutor resource materials accompany the book. |
| 10 strategic operations management decisions: The Fundamental Elements of Strategy Xiu-bao Yu, 2021-03-29 This open access book clarifies confusions of strategy that have existed for nearly 40 years through the core thoughts of three fundamental elements. Unlike the traditional definition of strategy as a plan to achieve a long-term goal from overall considerations”in a linear view, this book defines strategy from non-linear viewpoint as it is in the real world. The art of a strategy lies not only in the determination of development goals, but also in the identification of development problems and putting forward overall guiding ideology of solving problems. Rich illustrations as well as numerous business and military cases are presented in helping readers to understand the fundamental elements of strategy.The general scope of the book includes introductions to the three fundamental elements of strategy, three-sub decisions of a complete strategic decision, incomplete strategies, relationship between tactic and strategy, three elements of competitive and corporative strategies. There may be biases in company-level, real strategic decision-making which makes a complete strategy not necessarily a perfect one. The book introduces biases and reasons for the biases, helping industrial strategic decision-makers understand the importance of knowing the nature of the company, the industry and its environment. In addition, this book also presents principles and evaluation approaches of strategic decisions, explores the reasons for the excessive definitions of the strategy concept, and discusses directions of future’s research tasks.The book will benefit business managers who are interested in knowing what a complete strategic decision is and how to avoid errors or biases in strategic decision-making. It also benefits students in business schools (especially in MBA/EMBA programs) who are (or will be) on executive positions. Academic researchers may find it is interesting to understand strategy from the view of the three elements. The new view provides a novel insight into strategy and promotes several research directions in the future. The three elements of strategy are also applicable to military strategies and readers who are interested in military and may find its value as well. |
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| 10 strategic operations management decisions: Strategic Decision Making Navneet Bhushan, Kanwal Rai, 2007-05-28 Strategic Decision Making provides an effective, formal methodology that provides help with decision making problems, especially strategic ones with high stakes involving human perceptions and judgements. Focusing on applying the AHP to decision-making problems, Strategic Decision Making covers problems in the realms of business, defence and governance. Using case studies drawn from years of experience, the book discusses decision making for real life problems and includes many worked examples and solutions to problems throughout. The reader will gain comprehensive exposure to the extent of assistance that a formal methodology, such as AHP, can provide to the decision maker in evolving decisions in complex and varied domains. |
| 10 strategic operations management decisions: Operations Management R. Dan Reid, Nada R. Sanders, 2015-09-28 This text is an unbound, three hole punched version. In Operations Management: An Integrated Approach, Binder Ready Version, 6th Edition, Dan Reid and Nada Sanders have strengthened their commitment to improve the teaching and learning experience in the introductory operations management course. The text provides a solid foundation of Operations Management with clear, guided instruction and a balance between quantitative and qualitative concepts. Through an integrated approach, the authors illustrate how all business students will interact with Operations Management in future careers. |
| 10 strategic operations management decisions: Strategic Management, Decision Theory, and Decision Science Bikas Kumar Sinha, Srijib Bhusan Bagchi, 2021-08-31 This book contains international perspectives that unifies the themes of strategic management, decision theory, and data science. It contains thought-provoking presentations of case studies backed by adequate analysis adding significance to the discussions. Most of the decision-making models in use do take due advantage of collection and processing of relevant data using appropriate analytics oriented to provide inputs into effective decision-making. The book showcases applications in diverse fields including banking and insurance, portfolio management, inventory analysis, performance assessment of comparable economic agents, managing utilities in a health-care facility, reducing traffic snarls on highways, monitoring achievement of some of the sustainable development goals in a country or state, and similar other areas that showcase policy implications. It holds immense value for researchers as well as professionals responsible for organizational decisions. |
| 10 strategic operations management decisions: Operations Management Dr. G. Suresh , Dr. R. Myilvaganan , Dr. Anand. J, 2022-12-01 Discover the comprehensive ‘Operations Management’ e-Book designed specifically for MBA II Sem students at Anna University, Chennai. Published by Thakur Publications, this essential resource offers in-depth insights, practical strategies, and real-world case studies to enhance your understanding of operations management principles. Master the art of optimizing processes, improving productivity, and achieving operational excellence with this must-have e-Book for MBA students. Get your copy today and gain a competitive edge in the world of business. |
| 10 strategic operations management decisions: Strategic Operations Management Robert H. Lowson, 2003-08-29 This text combines four themes: strategy, services, innovation and management of relationships, both in the supply chain and with other players. Mini case studies are used to supplement the text. |
| 10 strategic operations management decisions: Logistics Operations and Management Reza Farahani, Laleh Kardar, 2011-05-25 This book provides a comprehensive overview of how to strategically manage the movement and storage of products or materials from any point in the manufacturing process to customer fulfillment. Topics covered include important tools for strategic decision making, transport, packaging, warehousing, retailing, customer services and future trends. An introduction to logistics Provides practical applications Discusses trends and new strategies in major parts of the logistic industry |
| 10 strategic operations management decisions: Operations Management Danny Samson, Prakash J. Singh, 2008-06-23 Operations Management: An Integrated Approach provides an account of the systems, processes, people and technology that determine an organisation's strategy and success. With contributions from leading experts internationally, the text takes a comprehensive, comparative, and best-practice approach and applies this specifically to the Asia-Pacific region. Rigorous in scholarship yet eminently accessible in style, Operations Management is replete with pedagogical features - figures and tables, discussion exercises, 'Learnings from the Internet', and a diversity of long and short case studies from around the world. Students are taken on a seamless journey from the fundamentals of operations management, through to the multiple approaches, the various innovations, challenges and risks, and ultimately to models of sustainability and evaluative tools and techniques. The text effectively prepares future managers across every sector of the economy to lead, organise, plan and control a set of resources, in pursuit of identified goals. The book will be supported by an extensive companion website featuring PowerPoint slides for each chapter, sample answers, teaching notes and figures/images for presentations. |
| 10 strategic operations management decisions: EBOOK: Operations Management in the Supply Chain: Decisions and Cases SCHROEDER, 2013-02-16 EBOOK: Operations Management in the Supply Chain: Decisions and Cases |
| 10 strategic operations management decisions: Operations Management Jay H. Heizer, Barry Render, 2005 Now in its seventh edition, this text provides a state-of-the-art overview of operations management. It includes a new chapter on capacity planning and a 'behind the scenes' look at the integration of operation management at Hard Rock Cafe. |
| 10 strategic operations management decisions: Management Decision-Making, Big Data and Analytics Simone Gressel, David J. Pauleen, Nazim Taskin, 2020-10-12 An exciting new textbook examining big data and business analytics to look at how they can help managers become more effective decision-makers. |
| 10 strategic operations management decisions: SPS2020 K. Säfsten, F. Elgh, 2020-12-24 Knowledge-intensive product realization implies embedded intelligence; meaning that if both theoretical and practical knowledge and understanding of a subject is integrated into the design and production processes of products, this will significantly increase added value. This book presents papers accepted for the 9th Swedish Production Symposium (SPS2020), hosted by the School of Engineering, Jönköping University, Sweden, and held online on 7 & 8 October 2020 because of restrictions due to the Corona virus pandemic. The subtitle of the conference was Knowledge Intensive Product Realization in Co-Operation for Future Sustainable Competitiveness. The book contains the 57 papers accepted for presentation at the conference, and these are divided into nine sections which reflect the topics covered: resource efficient production; flexible production; virtual production development; humans in production systems; circular production systems and maintenance; integrated product and production development; advanced and optimized components, materials and manufacturing; digitalization for smart products and services; and responsive and efficient operations and supply chains. In addition, the book presents five special sessions from the symposium: development of changeable and reconfigurable production systems; smart production system design and development; supply chain relocation; management of manufacturing digitalization; and additive manufacturing in the production system. The book will be of interest to all those working in the field of knowledge-intensive product realization. |
| 10 strategic operations management decisions: Progressive Decision-Making Tools and Applications in Project and Operation Management Mohammad Yazdi, |
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| 10 strategic operations management decisions: Environmental, Social, and Governance Perspectives on Economic Development in Asia William A. Barnett, Bruno S. Sergi, 2021-11-08 This volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. |
| 10 strategic operations management decisions: Production & Operations Management : Strategic & Tactical Decisions Heizer, 1997 |
| 10 strategic operations management decisions: EBOOK: Operations Management Steve Paton, Ben Clegg, Hsuan Juliana, Alan Pilkington, 2011-01-16 Operations Management is all around us and is integral to every industry. Using contemporary and engaging examples this brand new text book brings to life fundamental Operations Management principles and theories that are applicable to both manufacturing and service situations, reflecting the very latest developments in this dynamic field. |
| 10 strategic operations management decisions: Introduction to Accounting Peter Scott, Peter (De Montfort University Scott, De Montfort University Former Principal Lecturer in Accounting and Finance), 2021-04 Practical and crystal clear, the second edition of Peter Scott's Introduction to Accounting and its accompanying online resources provide a supportive introduction to the subject, guiding students towards self-led practice.Reflecting current International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), and with coverage on both financial and cost and management accounting, the author walks the student carefully through the essential material to ensure they develop a solid foundationfor more advanced modules. Scott's lively writing style sets the numerical content within an easy-to-follow narrative, and the relevance of each tool or technique is explained at every turn. A multitude of worked and real-life examples help students to connect with the concepts, while each chapterends with questions that are tiered according to difficulty to help students verify that they have mastered the essentials before progressing. Readers are directed towards additional support and exercises throughout to further encourage active participation and to prompt them to assess andconsolidate their knowledge.Digital formats and resources:The second edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources.The e-book offers a mobile experience and convenient access along with functionality tools, navigation features, and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooksOnline student resources supporting the book include:- Interactive multiple-choice-questions for revising key topics;- Numerical exercises for practicing the calculation of accounting information from given sets of data;- 'Go back over this again' feature containing a mix of further examples, written exercises, true or false questions, and annotated accounting information to help consolidate learning and revise or revisit concepts;- 'Show me how to do it' videos that provide practical demonstrations of dealing with more complex accounting tasks; and- Web links for primary source material and articles through which readers can learn more about the companies and organizations discussed in the book.Online lecturer resources supporting the book include:- Quizzes. A test bank of over 500 ready-to-use questions, written specifically to match the book's content, giving lecturers the flexibility they need to manage, set and develop quizzes tailored to their course, and automatically graded to save time marking;- Gradebook. Automatically grades student responses to quizzes, while its visual heat maps provide at-a-glance information about student achievement and engagement; and- Course content. Additional material to support teaching, including a large double-entry case study, PowerPoint slides, and more examples and solutions. |
| 10 strategic operations management decisions: Multiple Criteria Decision Making in Supply Chain Management A. Ravi Ravindran, 2017-07-12 Supply chain management decisions are made under the conflicting criteria of maximizing profit and customer responsiveness while minimizing supply chain risk. Multiple Criteria Decision Making in Supply Chain Management provides a comprehensive overview of multi-criteria optimization models and methods that can be used in supply chain decision making. Presenting the contributions of internationally known authors, researchers, educators, and practitioners, this new book in the Operations Research Series provides readers with a single source guide to recent developments in this area. The focus of the book is on the design and operation of the supply chain system, which involves connecting many production and distribution systems, often across wide geographic distances, in such a way that the businesses involved can ultimately satisfy the consumer demand as efficiently as possible, resulting in maximum financial returns to those businesses connected to that supply chain system. The book includes several case studies on the design and operation of supply chain networks in manufacturing and healthcare. |
| 10 strategic operations management decisions: Simulation for Industry 4.0 Murat M. Gunal, 2019-05-25 The book shows how simulation’s long history and close ties to industry since the third industrial revolution have led to its growing importance in Industry 4.0. The book emphasises the role of simulation in the new industrial revolution, and its application as a key aspect of making Industry 4.0 a reality – and thus achieving the complete digitisation of manufacturing and business. It presents various perspectives on simulation and demonstrates its applications, from augmented or virtual reality to process engineering, and from quantum computing to intelligent management. Simulation for Industry 4.0 is a guide and milestone for the simulation community, as well as those readers working to achieve the goals of Industry 4.0. The connections between simulation and Industry 4.0 drawn here will be of interest not only to beginners, but also to practitioners and researchers as a point of departure in the subject, and as a guide for new lines of study. |
| 10 strategic operations management decisions: Creating Shared Value – Concepts, Experience, Criticism Josef Wieland, 2017-01-05 Over the last years, “Creating Shared Value” has become a much discussed concept in business practice as well as in management theory and especially in the context of corporate social responsibility. This book offers a contribution to the current academic discussions on the well-received article of Michael Porter and Marc Kramer in Harvard Business Review in 2011. In the light of the increasing references to the shared value concept, it develops a critical discussion on its fundamentals and its implications for the relationship between economy and society. By that, the book seeks to shed light on the understanding of the role and the nature of the firm in a globalized economy. The result is a collection of interdisciplinary academic reviews which offer interdisciplinary reflections on “Creating Shared Value” to illuminate theoretical, conceptual and practical challenges of the topic. Within the fields of Business Ethics, Theory of the Firm, Management and Philosophy, researcher, students and practitioners will be given a deeper insight on how to approach to the concept in a conceptional and philosophical way. |
| 10 strategic operations management decisions: Global Marketing Management Kiefer Lee, Steve Carter, 2012-03-29 'Global Marketing Management' provides comprehensive coverage of the issues which define marketing in the world today, equipping students with some of the most current knowledge and practical skills to help them make key management decisions in the dynamic and challenging global trade environment. |
| 10 strategic operations management decisions: Global Supply Chain and Operations Management Dmitry Ivanov, Alexander Tsipoulanidis, Jörn Schönberger, 2018-09-26 The second edition of this textbook comprehensively discusses global supply-chain and operations management, combining value creation networks and interacting processes. It focuses on the operational roles in the networks and presents the quantitative and organizational methods needed to plan and control the material, information and financial flows in the supply chain. Each chapter starts with an introductory case study, and numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It also examines matching supply and demand, which is a core aspect of tactical planning, before turning to the allocation of resources for fulfilling customer demands. This second edition features three new chapters: “Supply Chain Risk Management and Resilience”, “Digital Supply Chain, Smart Operations, and Industry 4.0”, and “Pricing and Revenue-Oriented Capacity Allocation”. These new chapters provide the structured knowledge on the principles, models, and technologies for managing the supply-chain risks and improving supply-chain and operations performance with the help of digital technologies such as Industry 4.0, additive manufacturing, Internet-of-Things, advanced optimization methods and predictive analytics. The existing chapters have been updated and new case studies have been included. In addition, the preface provides guidelines for instructors on how to use the material for different courses in supply-chain and operations management and at different educational levels, such as general undergraduate, specialized undergraduate, and graduate courses. The companion website www.global-supply-chain-management.de has also been updated accordingly. In addition, the book is now supported by e-manuals for supply-chain and operations simulation and optimization in AnyLogic and anyLogistix. Providing readers with a working knowledge of global supply-chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, special and advanced classes. It is intended for broad range of students and professionals involved in supply-chain and operations management. |
| 10 strategic operations management decisions: The Strategic Management of Health Care Organizations Peter M. Ginter, W. Jack Duncan, Linda E. Swayne, 2018-01-17 A comprehensive guide to effective strategic management of health care organizations. Strategic Management of Health Care Organizations provides essential guidance for leading health care organizations through strategic management. This structured approach to strategic management examines the processes of strategic thinking, consensus building and documentation of that thinking into a strategic plan, and creating and maintaining strategic momentum – all essential for coping with the rapidly evolving health care industry. Strategic Management of Health Care Organizations fully explains how strategic managers must become strategic thinkers with the ability to evaluate a changing industry, analyze data, question assumptions, and develop new ideas. The book guides readers through the strategic planning process demonstrating how to incorporate strategic thinking and create and document a clear and coherent plan of action. In addition, the all-important processes of creating and maintaining the strategic momentum of the organization are fully described. Finally, the text demonstrates how strategic managers in carrying out the strategic plan, must evaluate its success, learn more about what works, and incorporate new strategic thinking into operations and subsequent planning. This strategic management approach has become the de facto standard for health care management as leadership and strategic management are more critical than ever in coping with an industry in flux. This book provides heath care management students as well as health care administrators with foundational guidance on strategic management concepts and practices, tailored to the unique needs of the health care industry. Included are a clear discussion of health services external analysis, organizational internal analysis, the development of directional strategies, strategy alternative identification and evaluation, and the development and management of implementation strategies providing an informative and insightful resource for anyone in the field. This new eighth edition has been fully updated to reflect new insights into strategic thinking, new methods to conceptualize and document critical environmental issues, practical steps for carrying out each of the strategic management processes, industry and management essentials for strategic thinkers , and new case studies for applying the strategic management processes. More specifically, readers of this edition will be able to: Create a process for developing a strategic plan for a health care organization. Map and analyze external issues, trends, and events in the general environment, the health care system, and the service area. Conduct a comprehensive service area competitor analysis. Perform an internal analysis and determine the competitive advantages and competitive disadvantages. Develop directional strategies. Identify strategic alternatives and make rational strategic decisions for a health care organization. Develop a comprehensive strategy for a health care organization. Create effective value-adding service delivery and support strategies. Translate service delivery and support plans into specific action plans. The health care industry’s revolutionary change remains ongoing and organizational success depends on leadership. Strategic management has become the single clearest manifestation of effective leadership of health care organizations and the strategic management framework’s strengths are needed now more than ever. The Strategic Management of Health Care Organizations provides comprehensive guidance and up-to-date practices to help leaders keep their organizations on track. |
| 10 strategic operations management decisions: Strategic Corporate Communication in the Digital Age Mark Anthony Camilleri, 2021-02-19 Strategic Corporate Communication in the Digital Age explores how contemporary communication approaches are crossing boundaries as innovative media formats and digital transformations offer new challenges and opportunities to academia and practitioners. |
| 10 strategic operations management decisions: Personnel Literature United States. Office of Personnel Management. Library, United States Civil Service Commission. Library, 1972 |
| 10 strategic operations management decisions: Designing and Evaluating E-Management Decision Tools Giampiero Beroggi, 2007-04-15 Designing and Evaluating E-Managemnet Decision Tools presents the most relevant concepts for designing intelligent decision tools in an Internet-based multimedia environment and assessing the tools using concepts of statistical design of experiments. The design principle is based on the visual interactive decision modeling (VIDEMO) paradigm. Several case studies are discussed in detail, referring to online preference elicitation, collaborative decision making, negotiation and conflict resolution, and marketing decision optimization. (See www.beroggi.net for more info on the book and Visual Interactive Decision Modeling) |
| 10 strategic operations management decisions: Operations Management: Text Jay Heizer, 2004 |
| 10 strategic operations management decisions: Operations Management Ray R. Venkataraman, Jeffrey K. Pinto, 2018-11-29 Operations Management: Managing Global Supply Chains takes a holistic, integrated approach to managing operations and supply chains by exploring the strategic, tactical, and operational decisions and challenges facing organizations worldwide. Authors Ray R. Venkataraman and Jeffrey K. Pinto address sustainability in each chapter, showing that sustainable operations and supply chain practices are not only attainable, but are critical and often profitable practices for organizations to undertake. With a focus on critical thinking and problem solving, Operations Management provides students with a comprehensive introduction to the field and equips them with the tools necessary to thrive in today’s evolving global business environment. |
| 10 strategic operations management decisions: Operations Management Massimiliano Schiraldi, 2013-03-13 Operations Management is an area of business concerned with managing the process that converts inputs into outputs, in the form of goods and/or services. Increasingly complex environments together with the recent economic swings and substantially squeezed industrial margins put extra pressure on companies, and decision makers are pushed to increase operations efficiency and effectiveness. This book presents the contributions of a selected group of researchers, reporting new ideas, original results and practical experiences as well as systematizing some fundamental topics in Operations Management. Although it represents only a small sample of the research activity on Operations Management, people from diverse backgrounds, academia, industry and research as well as engineering students can take advantage of this volume. |
| 10 strategic operations management decisions: Strategies for Supply Chain Risk Management Yi Li, Ju'e Guo, Kin Keung Lai, 2023-06-16 Examining the negative consequences that arise from supply chain risks, this book systematically explores firms’ responses to these risks in different situations. In particular, it focuses on sourcing strategies of firms under supply chain risks and the different mitigation tools they use, such as supplier development and multisourcing. Supply chains have expanded extensively because many firms try to take advantage of outsourcing of their raw materials and critical components. Though firms can reap significant benefits due to the widespread use of outsourcing, they have to deal with increasing supply chain risks. In general, supply chain risks are various and may be originated from natural disasters, labor strikes, fires, and so on. These risk incidents can cause serious damage to firms’ profit performance. The analysis and insights from this book can be utilized by firms to alleviate the impact of supply chain risks in the sourcing process. It will also be of interest to researchers and students studying supply chain management. |
| 10 strategic operations management decisions: Independent Evaluation of IFC's Development Results 2007 , 2007-01-01 As part of the World Bank Group, IFC's overriding objective is to help reduce poverty and support sustainable development in developing countries. IFC pursues this mission by supporting the private sector to create jobs and simulate markets. This report, which assesses the impact of IFC toward that mission, appears at a time of unprecedented levels of private investment in the emerging markets. The report takes a look back at the development results that the IFC-supported projects have achieved in the last 10 years, the main lessons that have emerged at the project level and the strategic implications for IFC going forward, in the context of rapid organizational growth. Going forward, the report highlights major challenges IFC faces to achieving overall development effectiveness. |
| 10 strategic operations management decisions: Hospitals & Health Care Organizations David Edward Marcinko, Hope Rachel Hetico, 2012-07-06 Drawing on the expertise of decision-making professionals, leaders, and managers in health care organizations, Hospitals & Health Care Organizations: Management Strategies, Operational Techniques, Tools, Templates, and Case Studies addresses decreasing revenues, increasing costs, and growing consumer expectations in today‘s increasingly competi |
| 10 strategic operations management decisions: Service Operations Management John McManus, Mats Winroth, Jannis Angelis, 2019-10-12 This engaging and accessible textbook explores the challenges and complexities of managing operations in a service industry setting. Comprehensive in scope, this textbook considers key concepts from strategy and operations management from a global services perspective and integrates traditional theory with cutting-edge contemporary examples. Taking a student-centred approach, it gives the reader a solid understanding of the key issues faced by contemporary service organisations, from managing and reviewing risk to managing supplier relationships. Rich pedagogy, integrated online resources and relevant international case studies develop strategic thinking skills and equip students with the essential tools and techniques needed to plan, design, manage and control operations in diverse service industry contexts. This is an ideal textbook for students of service operations management at undergraduate, postgraduate and MBA level. |
| 10 strategic operations management decisions: Strategic Management Jeffrey H. Dyer, Paul Godfrey, Robert Jensen, David Bryce, 2017-10-16 Strategic Management delivers an insightful and concise introduction to strategic management concepts utilizing a strong mix of real-world contemporary examples. Written in a conversational style, this product sparks ideas, fuels creative thinking and discussion, while engaging students with the concepts they are studying. |
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