Operational Effectiveness is not strategy In the world of business today‚ rivals can quickly copy market position‚ and competitive advantage is temporary. The problem is the failure to distinguish between operational effectiveness and strategy. Operational effectiveness and strategy are very important but they work in very different ways. A company can outperform rivals only if they can deliver greater value to customers or create comparable value at a lower cost‚ or do both. We can have cost advantage
Premium Marketing Strategic management Positioning
The planning process is comprised of two key parts---strategic planning and operational planning. Strategic planning establishes an organization’s long-term vision‚ objectives and strategies required to achieve the objectives. Operational planning is the execution phase. It outlines a framework for implementing the strategies and achieving the objectives. Strategic Plan The strategic plan covers a three to five year time frame. Annual reviews are conducted to assess if the plan is on track and
Premium Strategic planning Management Strategy
3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
Premium Contribution margin Management accounting Variable cost
Engineering Materials Msc. Shaymaa Mahmood Introduction to Eng. Materials : Since the earliest days of the evolution of mankind ‚ the main distinguishing features between human begins and other mammals has been the ability to use and develop materials to satisfy our human requirements. Nowadays we use many types of materials‚ fashioned in many different ways‚ to satisfy our requirements for housing‚ heating‚ furniture‚ clothes‚ transportation‚ entertainment‚ medical care‚ defense and all the
Premium Tensile strength Metal Materials science
Module assessment: Assignment – 100% Assignment brief included at the end of this file. Literature: Hill‚ A.‚ and Hill‚ T.‚ (2012)‚ Operations management‚ Palgrave Macmillan; Basingstoke Johnson‚ R.‚ and Clark‚ G.‚ (2012)‚ Service operations management: improving service delivery‚ FT Prentice Hall; London Cousins‚ P.‚ Lamming‚ R.‚ Lawson‚ B.‚ and Squire‚ B.‚ (2008)‚ Strategic Supply Management: Principles‚ Theories and Practice‚ Prentice Hall; London. Fitzsimmons‚ J.‚ and Fitzsimmons
Premium Management Supply chain management Operations management
No pain no gain The concept of "no pain no gain" in the exercise and bodybuilding world has come under significant scrutiny in recent years. Some studies suggest that exercising muscle tissue to the point of pain or failure does not necessarily result in a gain in overall muscle mass. In fact‚ the damage caused by overworking or straining a muscle group can be greater than any perceived gain in mass or definition. A number of professional trainers now advise their clients to stop performing an
Premium Muscle Suffering Pain
Question #11: Five Strategies to Prevent Weight Gain in College Following the American Psychological Association’s Guidelines Community College of Allegheny County Strategy Number One: Do Not Skip breakfast A lot of college students are prone to skipping breakfast for a multitude of reasons. Many believe that breakfast can be a pointless meal and it is simply a waste of time at the beginning of their day. However‚ breakfast is said
Premium Nutrition Sleep Obesity
Business Operational Plan As a business plan reviewer and analyst‚ I find it amazing how many entrepreneurs give this section the least weight or skip it altogether. The operational plan is an essential component to your business plan and it tells the reviewer how your going to get your product/service out to market. That is‚ how are you going to get your product out of the production stage to the doorstep of you target customer. I know‚ the operational plan may seem mundane but it will outline
Premium Management Customer service Customer
The Theory “Due Care” to Customers At the beginning it is important to describe the basic principles of the known theory due care to customers. Its fundamental content is responses to question - Exactly what do companies and organizations owe their customers? [1] Due care theory involves: a. Design - products and services should meet all governmental regulations and specifications and be safe under all foreseeable conditions‚ including misuse by the consumer b. Materials – materials should meet
Premium Consumer protection Ethics Marketing
Assessment Tool 2 (AT2): Written/Oral Questions 1. List some of the details outlined in an operational plan. An operational plan‚ also known as an action plan‚ is derived from an organisation’s strategic plan. It is a more concrete‚ detailed document that outlines how the strategic plans of an organisation will be achieved in practice. It includes projects to be undertaken‚ actions‚ resource policies‚ responsibilities and timeframes. It outlines the actions teams/individuals within an organisation
Premium Recycling Management Resource allocation