Examlex
What is the strategy-making hierarchy for a diversified company? How does it differ from the strategy-making hierarchy for a single business company?
Japanese Manufacturers
Companies based in Japan known for their emphasis on quality, innovation, and efficient production techniques, often within the automobile and electronics industries.
Local Optimization
A process of optimizing a specific area or department within an organization without necessarily considering its impact on the whole system.
Global Optimization
Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.
Decentralized Supply Chain
A supply chain management strategy where decisions and activities are distributed among various stakeholders or units instead of being centrally controlled, allowing for flexibility and localized decision-making.
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