What Is the Relationship Between Operations Management and Organizational Strategy

question 3

Multiple Choice

What is the relationship between operations management and organizational strategy?

• A) Operations management drives organizational strategy decisions.
• B) Organizational strategy drives operations management decisions.
• C) There is a direct relationship between the two so that each affects the other.
• D) There is essentially little relationship between the two areas.
• E) To date,research has been unable to show a consistent relationship between the two.

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Definitions:

Human Capital Theory

A concept in economics that emphasizes the importance of human factors, such as skills and knowledge, in contributing to economic productivity.

Financial Returns

The financial gains or profits derived from an investment or business activity, expressed as a percentage of the investment's original cost.

Productivity-Based Returns

Financial returns or outcomes that are directly linked to the productivity or efficiency improvements within an organization or process.

Forecast Human Capital

The process of predicting the future needs for and supply of workers, based on business and economic trends.