operations strategy

operations strategy
A plan to transform an organization's overall strategic objectives into operational deliverables. It involves the design of the product or service and the processes by which the product or service is produced; the way in which production is managed and controlled; and the design of processes for the constant improvement of the operation. If, at the strategic level, the organization decides to compete in the market on the basis of superior quality, the operations strategy has to plan to produce a package incorporating the specified quality within stated financial constraints. If the strategy is to compete on cost, the plan must produce the product cheaply within the limits of acceptable quality.

Big dictionary of business and management. 2014.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • strategy, tactics — Essentially, strategy has to do with the planning of schemes or operations, tactics with putting these plans into effect. Military strategy is the art or science of command as applied to the overall conduct of large scale operations. Strategy in… …   Dictionary of problem words and expressions

  • Operations Magazine — provides Multi Man Publishing with its own house organ for articles and discussion of its wargaming products. The first issue was produced in the summer of 1991 by The Gamers and was printed regularly until The Gamers were taken over by MMP. The… …   Wikipedia

  • Operations management — is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as… …   Wikipedia

  • strategy — strategy, tactics, logistics as used in relation to warfare are not always clearly distinguished. Strategy is the art or science involved in the direction of the forces at his disposal by the commander in chief of a belligerent nation or by those …   New Dictionary of Synonyms

  • Strategy video game — Part of a series on …   Wikipedia

  • strategy — [strat′əjē] n. pl. strategies [Fr stratégie < Gr stratēgia, generalship < stratēgos: see STRATAGEM] 1. a) the science of planning and directing large scale military operations, specif. (as distinguished from TACTICS) of maneuvering forces… …   English World dictionary

  • strategy — /strat i jee/, n., pl. strategies. 1. Also, strategics. the science or art of combining and employing the means of war in planning and directing large military movements and operations. 2. the use or an instance of using this science or art. 3.… …   Universalium

  • operations research — the analysis, usually involving mathematical treatment, of a process, problem, or operation to determine its purpose and effectiveness and to gain maximum efficiency. [1940 45, Amer.] * * * Application of scientific methods to management and… …   Universalium

  • Strategy map — In the realm of business, the concept of strategy maps was introduced in the U.S. by Robert S. Kaplan and David P. Norton. The standard reference is their book Strategy focused Organization .Citation last = Kaplan first = Robert S. author link =… …   Wikipedia

  • strategy — The general or specific approach to investing that an individual, institution, or fund manager employs. Bloomberg Financial Dictionary * * * strategy strat‧e‧gy [ˈstrætdʒi] noun strategies PLURALFORM 1. [countable] COMMERCE a plan or series of… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”