Operations Management Is Likely to Play a Key Role in American

question 49

True/False

Operations management is likely to play a key role in American firms regaining their preeminence among world companies.

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Definitions:

Operational Strategy

A plan focusing on the efficient allocation and use of resources within a company to achieve its long-term objectives.

Triple Bottom Line

An accounting framework that incorporates social, environmental, and financial performance measures.

Socially Responsible

Refers to ethical practices and policies that aim to positively impact society, the environment, and communities while conducting business.