Explain What an Operations Strategy Is and the Importance of Competitive

question 105

Essay

Explain what an operations strategy is and the importance of competitive priorities. Give an example from an organization (public or private, manufacturing or service).

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Definitions:

Trade-Off

A situation that involves losing one quality, quantity, or property of a set or design in return for gaining another.

Gene Flow

The transfer of genetic variation from one population to another, which can lead to changes in the genetic makeup of both populations.

Eda Gene

A gene associated with the development of ectodermal tissues, including skin, hair, teeth, and glands, and can influence phenotypic variations.

Functional Importance

The significance of a structure, process, or gene in the survival, fitness, or performance of an organism.