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MOM Lec: Operations Performances
Transcript of MOM Lec: Operations Performances
Operations and their Characteristics
“Nobody really knows what strategy is” !!!
Can we fix a corporate strategy,
which works for 10 years?
What is Strategy?
Click to open the book
Supply Chain network
Logistics / Inventory strategy
Industry (or Sector)
Industry (or Sector)
Low Cost Leaders
The UK Macro-Environment
Niche Market (Focused)
Strategic Group A
Strategic Group 1
Strategic Group 3
Strategic Group 2
- Understanding the customers'
How to choose a sector and a strategic group?
"My strategy is to expand my business to the US market"
Can it be a strategy?
Operations and Supply Chain
What are Operations in an organisation?
Imagine you’re an operation manager in a restaurant, which is in trouble, how would you find and then solve the problem? How do you start to deal with it?
Senior Lecturer in Operations and Strategy
Nottingham Business School
Nottingham Trent University
0115 - 8484804
They can also be used to indicate the difference between different products and services produced by an operation or process
Polar diagrams are used to indicate the relative importance of each performance objective to an operation or process
Need a trade-off?
Check your Strategy, Then!!
Thank you... !
After introducing the product, what would the very first question from Dragons den to figure out how large is your business?
After understanding the market, what do you expect to come next?