Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 2:
OSCM Strategy - Coggle Diagram
Chapter 2:
OSCM Strategy
Definition
-
Corporate OSCM strategy provides overall direction and coordinates operational goals with those of the larger organization.
Setting broad policies and plans for using the resources of a firm - must be integrated with corporate strategy
Operational effectiveness: performing activities in a manner that best implements strategic priorities at a minimum cost.
-
Trade-offs
-
Management must decide which parameters of performance are critical and concentrate resources on those characteristics
-
-
Sustainable strategy
The typical firm's strategy describes how it will create & sustain value for its current shareholders.
-
Adding a sustainability requirement means meeting the value goal without compromising the ability of future generations to meet their own needs.
It also means balance the needs among stakeholders.
Triple bottom line - evaluating the firm against social, economic and environmental criteria.
-
Sustainability is a continuous on-going process
Productivity measurement
-
Productivity is a relative measure, must be compared to something else to be meaningful
-
-
-
-