Explain What a Visionary Organization Is and the Three Questions

question 237

Essay

Explain what a visionary organization is and the three questions (why, what, and how) that need to be answered to achieve success.

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Definitions:

Integrated Supply Chain

A holistic approach to supply chain management that emphasizes the coordination and synchronization of all elements of the supply chain, from raw materials to end customer.

Financials

Pertains to the monetary aspects and performance of a business, including income, expenses, and profitability.

Products And Services

The combination of physical goods and intangible services that are offered by a business to satisfy the needs and wants of consumers.

Flexible Production

A manufacturing approach that allows for quick adjustments to production processes and product types to meet changing market demands.