TAILIEUCHUNG - Lecture Operations management: Chapter 2 - William J. Stevenson

Chapter 2 - Competitiveness, strategy, and productivity. In this chapter: List several ways that business organizations compete, name several reasons that business organizations fail, define the terms mission and strategy and explain why they are important,. | Competitiveness, Strategy, and Productivity Chapter 2 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 You should be able to: LO List several ways that business organizations compete LO Name several reasons that business organizations fail LO Define the terms mission and strategy and explain why they are important LO Discuss and compare organization strategy and operations strategy, and explain why it is important to link the two LO Describe and give examples of time-based strategies LO Define the term productivity and explain why it is important to organizations and to countries LO Describe several factors that affect productivity Chapter 2: Learning Objectives 2 Competitiveness Competitiveness: How effectively an organization meets the wants and needs of customers relative to others that offer similar goods or services Organizations compete through .

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