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CHAPTER 2: OSCM STRATEGY - Coggle Diagram
CHAPTER 2: OSCM STRATEGY
Defintions
OSCM Strategy: The setting of broad policies and plans that will guide the use of the resources needed by the firm to implement its corporate strategy.
Operations effectiveness: Performing activities in a manner that best implements strategic priorities at minimum cost
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The Notion of Trade-Offs
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Straddling When a firm seeks to match what a competitor is doing by adding new features, services, or tech to existing activities. => trade-offs problem
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