Mind map
Operation & Strategies
Map content
Operation & Strategies
RESISTANCE TO CHANGE
- Strategies to deal with financial costs: Financial costs, purchasing equipment, redundancy payouts, retraining, reorganising plant layout inertia
INVENTORY MANAGEMENT
- ordering, storage, placing and handling nof raw materials and stock
TECHNOLOGY
- improving flows, cutting costs, keeping records
OUTSOURCING
- Hiring of an external third party to perform tasks for a business
NEW PRODUCT AND DESIGN
- New ideas and innovations, being tested and then carried out to be put into place
Global Factors
- Global Factors and Strategy. Businesses are affected by an external environment as much as they are affected by the competitors. Global factors influencing business are legal, political, social, technological and economic. Understanding of these factors is important while developing a business strategy.