Examlex
When a clown at a birthday party squeezes a long balloon to twist it into a poodle or a hat, the volume of air inside the balloon stretches the balloon and extends its length and stays constant.This example is analogous to the action of muscles on the
Mission
The purpose or rationale for an organization’s existence.
OM Decision Areas
Operational Management decision areas involve strategic choices related to the design, operation, and improvement of production and service systems.
Operational Tactics
Short-term actions and strategies implemented to achieve specific objectives within an organization's overall operational plan.
Low-Cost Leadership
A business strategy where a company becomes the lowest-cost producer in its industry.
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