GMS 401 Lecture Notes - Lecture 2: Operations Management, International Standard Book Number, Plans

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Payman Ahi

Document Summary

Gms 401 - lecture 2: productivity and operations strategy in a global. Implies the creation of a system that has a unique advantage over competitors. Distinguishing the offerings of an organization in a way that the customer identi es them as adding value. While lowering the cost providing the maximum value as de ned by customer. Examining each of the 10 om strategic decisions in a persistent effort to lower costs while meeting customer expectations of value. A low-cost strategy does not imply low value or low quality. Matching market changes in design innovation and volumes. An approach, long-term plan that will set a (new) direction for an organization. Where the organization, its products and markets are going now. States the rationale for the organization"s existence. Where the organization desires to be in the future. Mission statement tells an organization where it is going. The strategy tells the organization how to get there.