solid strategy would ensure the organization's success
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Does getting a solid strategy would ensure the organization's success under operations of the buizn?
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- Explain why it might be argued that the formulation of a company’s strategy is the responsibility of a Chief Executive Officer of a company.As operations manager of Holz Furniture, youmust make a decision about adding a line of rustic furniture. Indiscussing the possibilities with your sales ma nager, Steve Gil bert,you decide that there will definitely be a market and tha t your firmshould enter that market. However, because rustic fu rniture has adifferent finish than your standard offering, you decide you needanother process line. There is no doubt in your mind about the decision,and you are sure that you should have a second process. Butyou do question how large to make it. A large process line is goingto cost $400,000; a small process line will cost $300,000. The question,therefore. is the demand for rustic furniture. After extensivediscussion with Mr. Gilbert and Tim Ireland of Ireland MarketResearch, Inc., you determine that the best estimate you can makeis that there is a two-out-of-three chance of profit from sales aslarge as $600,000 and a one-out-of-three chance as low as $300,000.With a large process line, you…pls note that this is a strategic management question 1.How does a business evaluate its strategic choices?
- What three levels of planning involve operations managers? What kinds of decisions are made atthe various levels?How are the 10OM strategy decisions different when appliedto the operations manager of a service operation such as l-IardRock versus an automobile company such as Ford Motor Company?Strategy,Organization Design & Effectiveness…..Who follows the other, Explain different views in this regard.