Identify at least three value drivers related to the management of operations and three strategic value drivers that directly affect economic value added eva. Pdf strategic operations management radhitya wirawan. Identify and define the 10 decisions of operations management 41 lo4. Understand the strategic significance of operations management to organizations of all kinds. Strategic decisions involve a change of major kind since an organization operates in everchanging environment.
Achieving competitive advantage through operations 36 ten strategic om decisions 41. It is all about what they want the organization to be like and to be about. Chapter 2 operations strategy in a global environment 33 control, health and safety, etc. Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Nonetheless, the company applies the 10 decisions of operations management in all of its business activities. Strategic decisions deal with the range of organizational activities. The theme for volume1 is operations management concepts and strategy. What is strategic management, and why is it important. The talents maybe those of an engineer or operations manager rather than a chef, but the task is the same. In 2008, ford motor company reorganized using whats known as the 10 strategic operations areas. Here well discuss five areas of strategic decision making, including product.
Identify the 10 strategic operations management decisions. Strategic financial management refers to specific planning of the usage and management of a companys financial resources to attain its objectives as a. Googles operations management involves different management teams and goals. Input costs, labour costs, processing costs, inventory costs, quality management. Pdf organizational strategic planning, implementation. Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. This article focuses on the use of strategic planning and management processes in municipal governments with populations over 25,000. Design of goods and services the car must be designed, tested and costout. It was part of the companys turnaround and enabled the organization be more flexible and survive the financial crisis without taking government bailouts. In operations management, these 10 decision areas address the various activities that contribute to organizational success. Amazon ensures that its operations management om efforts satisfy the 10 strategic decision areas of its ecommerce business. List the key strategic decision areas of operations management that constitute an operations strategy.