Operations Management Reading
Operations Strategy bridges the gap between the strategic plan directed by executives and the emergent strategy that occurs through the many decisions of managers and employees. The goal of operations strategy is to optimize operations' resources to best fulfill the strategic objectives of the firm. There are two central elements to an effective operations strategy. The first element provides the long-term objectives for operations in support of company strategy and answers the question, "What do we have to do?" The second offers a plan to meet those objectives and answers the follow-up question, "How are we going to do it?" The resource-based operations strategy framework offers a way to evaluate operations strategy by looking at the resources that influence a firm's ability to create and deliver its primary offerings. There are 5 categories of resources: Physical Resources, Human Resources, Intellectual Property Software and Methods, Ecosystem Resources, and Financial Resources. In the framework each resource is described in terms of the types of resources, the way they are integrated with one another into systems, and the plans for future development. Strategic alignment is the level to which the complete operating system is able to implement the company's strategy.
- 2013 Harvard Business School Publishing - Higher Ed
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