How Can an Operations Strategy Be Used to Understand and Exploit

question 7

Essay

How can an operations strategy be used to understand and exploit a particular product offering?

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Definitions:

Big Data User

Refers to individuals or organizations that analyze and interpret large volumes of diverse data to uncover patterns, correlations, market trends, or customer preferences.

Active Customers

Consumers who actively engage with a brand or product through purchases, feedback, and participation in loyalty programs.

Amazon

A global e-commerce and technology company offering a wide range of products and services, including online retail, digital streaming, and artificial intelligence technologies.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making processes.