Strategic Thinking for P/OM Is Related to Altering the Competitive

question 66

True/False

Strategic thinking for P/OM is related to altering the competitive situation by means of operating plans and decisions.

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Definitions:

Opportunity Recognition

The process by which entrepreneurs identify and evaluate potential new business opportunities.

Design Pathway

The process or approach taken to solve a design problem, from ideation through to the final solution, often in the context of product development or architecture.

Least Complex

Refers to things that are the simplest or have the minimal level of difficulty.

Value-creating

The process of increasing the worth of a product, service, or business to its customers or stakeholders.