The Importance of Operations Strategies Was Stimulated by ______

question 59

Multiple Choice

The importance of operations strategies was stimulated by ______.

• A)loss of market share due to global competition
• B)operations personnel making significant contributions to corporate strategy
• C)the adoption of operations strategies worldwide
• D)less emphasis being placed on marketing and finance functions

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Definitions:

The Grapevine

An informal communication network within an organization that spreads information, rumors, and gossip among employees.

Stakeholder Relationship

The dynamic and interactions between an organization and those with vested interests in its operations, including employees, clients, suppliers, and the community.

Corporate Restructuring

The process of significantly modifying the structure or operations of a corporation for the purpose of enhancing profitability or addressing financial challenges.

Equal Pay Act

a law that requires employers to pay all employees equally for equal work, regardless of the employee's gender, in order to prevent wage discrimination.