The paper "Strategic Operations Management in the IT Market" is a good example of a case study on management. Strategic Operations Management is the management of strategic operations or operations which define business goals and help to achieve business objectives. It involves taking steps to develop plans and procedure which will enable an organization to gain a competitive edge in the market. The net result from strategic operations management is that the company is able to come up with a plan which gives the direction in which the company is heading in the years to come ( for example, the next five years). If strategic management has to be effective, it is very important for a company to assess where their position is, in terms of their profits and their competitors, and where they see themselves going because this is the foundation in which strategic management is based.
Another aspect that influences strategic management is the level of realism an organization adopts in understanding their current position and what they want to achieve in the future. For example, a company that has just entered into a competitive market segment such as the IT market, cannot expect to rise to the level of the leading organization in the IT market, in say a five year period.
In order to do this, they need more time and input for growth and development. Strategic operation management operates on different time scales. A company can undertake short-term strategies, which help it to manage the market situation for the present or it can take-up long term strategies wherein it makes plans ion how to implement future business objectives. Understanding the concept of strategy What is the concept of strategy?
The strategy is a concept that was adopted from the military and in business strategies (as in the military) help to bridge the gap between what is the business policy and business tactics. That is to say, strategy and tactics bridge the gap between ends and means. In short, the strategy can be described as a combination of ideas, insights, experiences, thoughts, memories, perceptions, goals, and expertise which all put together guide actions taken to achieve particular ends. It is the course charted by an organization, towards achieving its goals.
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