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Operations Strategy and Competitive Priorities

The document discusses operations strategy and competitiveness. It defines strategy and different levels of strategy including corporate, operations, and functional strategies. It also discusses developing a business strategy by considering an organization's mission, environmental scanning, and core competencies. The document outlines operations competitive priorities of cost, quality, time, and flexibility and the need for tradeoffs between priorities. It defines order winners and order qualifiers in determining competitive focus areas.

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0% found this document useful (0 votes)
13 views27 pages

Operations Strategy and Competitive Priorities

The document discusses operations strategy and competitiveness. It defines strategy and different levels of strategy including corporate, operations, and functional strategies. It also discusses developing a business strategy by considering an organization's mission, environmental scanning, and core competencies. The document outlines operations competitive priorities of cost, quality, time, and flexibility and the need for tradeoffs between priorities. It defines order winners and order qualifiers in determining competitive focus areas.

Uploaded by

BerhanuTsariku
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

Chapter Two

Operations Strategy
and Competitiveness
Operations strategy
 What is strategy?
 Strategy can be defined as the direction and scope of an
organization over the long term: ideally which matches its
resource to its changing environment and in particular its
markets, customers/clients so as to meet stakeholders’
expectations.’
 Strategy can be seen to exist at 3 main levels of corporate,
operation and functional
 Corporate strategy - Defines long range plan for the
organization.
Operations strategy
 Operations strategy
 Develop a plan for the operations function focusing on
specific competitive priorities.
 Functional level strategy
 Developed to focus on the identified competitive priorities.
Corporate (Business) Strategy

 In any business organization, it is the responsibility of top


management to plan the organization’s long-term future.
 In this regard therefore, corporate strategy defines the businesses
that the company will pursue, new threats and opportunities in the
environment, and the growth objectives that it should achieve.
 Thus, corporate strategy provides an overall direction that serves
as the framework for carrying out all the organization’s functions.
Developing a business strategy (corporate strategy)

 A company’s business strategy is developed after its managers


have considered many factors and have made some strategic
decisions.
 These include developing an understanding of:
 What business the company is in (the company’s mission),
 Analyzing and developing an understanding of the market
(environmental scanning), and
 Identifying the company’s strengths (core competencies).

 These three factors are critical to the development of the


company’s long-range plan, or business strategy.
Three Inputs to a Business Strategy
Inputs to a Business Strategy

A. Mission
 The mission is a statement that answers three overriding
(dominating) questions:
 What business will the company be in?
 Who will the customers be, and what is the expected
customer attributes?
 How will the company’s basic beliefs define the business?

Example
Mission: Hawassa University- “Providing the community with
teaching and research products”
Inputs to a Business Strategy
B. Environmental Scanning
 It is the monitoring of events and trends that present either
threats or opportunities for the organization.

 Generally these include:


 Competitors’ activities;
 Changing consumer needs;
 Legal, economic, political, and environmental issues;
 The potential for new markets; and the like.
To remain competitive, companies have to continuously monitor their
environment and be prepared to change their business strategy in
light of environmental changes.
Inputs to a Business Strategy

C. Core competencies
 The special attributes or abilities that give an organization a
competitive edge.
 Core competencies could include special skills of workers, such
as expertise in providing customized services or knowledge of
information technology.
 Therefore, to be successful, a company must compete in
markets where its core competencies will have value.
Developing an Operations Strategy

Operations Strategy is a plan for the design and


management of operations functions.
Operation Strategy is a plan to be developed after the business
strategy
The operations strategy focuses on specific capabilities of the
operation that give the company a competitive edge called

competitive priorities.
Operations strategy and the design of the
operations function

 These competitive priorities and their relationship to the design


of the operations function are shown below.
Operations competitive priorities

 Competitive priorities are the capabilities that the


operations function can develop in order to give a company a
competitive advantage in its market.

 The major competitive dimensions that form the competitive


position of a company include the following.
1. Cost - “Make it Cheap”
2. Quality - “Make it good”
3. Time “Make it fast and deliver it when promised”
4. Flexibility “Change it”
Operations competitive priorities
[Link] - “Make it Cheap”
 Competing based on cost means offering a product at a low
price relative to the prices of competing products.

 Generally, companies that compete based on cost:


• Offer a narrow range of products and product features,
• Allow for little customization, and
• Have an operations process that is designed to be as
efficient as possible.

• Note: Low-cost strategy can result in a higher profit margin, even


at a competitive price. Also, low cost does not imply low quality.
Operations competitive priorities
2. Quality - “Make it good”
Quality is often subjective matter and can be defined differently
depending on who is defining it:
Quality as a competitive priority has two dimensions.
High performance design:
 This means that the operations function will be designed to
focus on aspects of quality such as superior features, close
tolerances, high durability, and excellent customer service.
Product & service consistency:
 measures how often the goods or services meet the exact
design specifications and Error free delivery.

Therefore, Companies that compete on quality must deliver not


only high-performance design but goods and services consistency as
well.
Operations competitive priorities
3. Time “Make it fast and deliver it when promised”
Time/speed is one of the most important competitive priorities today.
Today’s customers don’t want to wait, and companies that can meet their
need for fast service are becoming leaders in their industries.
Making time a competitive priority means competing based on all time-
related issues, such as rapid delivery and on-time delivery.
 Rapid delivery refers to how quickly an order is received;
• shortening the time between order placement and delivery
 On-time delivery refers to how often deliveries are made on time.
• Deliver product exactly when needed every time
Operations competitive priorities

4. Flexibility “Change it”


• A company’s environment changes rapidly, including customer needs
and expectations, the ability to readily accommodate these changes can
be a winning strategy.

There are two dimensions of flexibility.


• Product flexibility:
 The ability to offer a wide variety of goods or services and
customize them to the unique needs of clients.
• Volume flexibility:
 The ability to rapidly increase or decrease the amount produced in
order to accommodate changes in the demand.

Companies that compete based on flexibility often cannot compete based on


speed because it generally requires more time to produce a customized
product.
The Need for Trade-Offs
 The operations functions must place emphasis on those priorities that
directly support the business strategy.

 Trade-offs is the need to focus more on one competitive priority than on


others.

 It is important to know that every business must achieve a basic level of


each of the priorities, even though its primary focus is only on some.

• E.g: Even though a company is not competing on low price, it still


cannot offer its products at such a high price that customers would
not want to pay for them.
Order winners and order qualifiers

 To help a company decide which competitive priorities to focus on, it is


important to distinguish between order winners and order qualifiers.
qualifiers

• Order qualifiers are those characteristics that potential customers


perceive as minimum standards of acceptability for a product to be
considered for purchase.

• However, that may not be sufficient to get a potential customer to


purchase from the organization.

• Order winners are those characteristics of an organization’s goods


or services that cause them to be perceived as better than the
competition.
Order Qualifiers Vs Order Winners

• Order Qualifiers • Order Winners


• Those competitive priorities that a • The competitive priorities that
company has to meet if it wants to help a company win orders in the
do business in a particular market. market.
• Consider a simple restaurant that • The order winners may be “fresh
makes and delivers ‘beyeaynet’. ingredients” and “home-made
• Order qualifiers might be deliver taste.” These characteristics may

with “enjera” and having varieties, differentiate the restaurant from

because this is a standard that has all the other “beyeaynet”

been set by competing “beyeaynet” delivering restaurants.

restaurants.
Strategic Role of Technology
 Technology refers to the application of scientific discoveries to the
development and improvement of goods and services.
 Operations management is primarily concerned with three kinds of
technology:
– Product and service technology refers to the discovery and development
of new products and services. E.g: Teflon, CD’s, fiber optic cable
– Process technology refers to methods, procedures, and equipment used
to produce goods and provide services. E.g: flexible automation, CAD
– Information technology (IT) refers to methods, procedures, and
equipment used to produce goods and provide services. E.g: MIS, AIS,
B2B etc.

Technology for Competitive
Advantage
 Technology has positive and negative potentials

Positive

Improve processes

Maintain up-to-date standards

Obtain competitive advantage

Negative

Costly
21
Service and Manufacturing Strategies

Service Strategies
 Standardized-Service Strategy:
 Processes that provide services with little variety in high volumes.
 Typical competitive priorities are consistent quality, on-time
delivery, and low cost.
 Assembly-To-Order Strategy:
 processes devoted to producing a set of standardized services and a
standardized offerings for a specific customer needs.
 Typical competitive priorities are customization and fast delivery
time.

22
Service Strategies
 Customized Services Strategy:

 Process designed to provide individualized services tend to


use a customized service strategy.
 Typical competitive priorities include high performance
design and customization.

23
Manufacturing Strategies
Make-to-stock Strategy:
 used by manufacturing firms that hold items in stock for
immediate delivery, thereby minimizing customer delivery
time.
 feasible for standardized products with high volumes and
reasonably accurate forecasts.
 applicable to situations in which the firm is producing a
unique product for a specific customer if the volumes are
high enough.
 Examples include electronic components, soft drinks, and
chemicals.
24
Manufacturing Strategies

 Assembly-to-order Strategy:
 an approach to producing customized products from relatively few
assemblies and components, after customer orders are received.
 typical competitive priorities are customization and fast delivery time.

 involves assembly process and fabrication processes.

 Once the specific order from the customer is received, the assembly
processes create the product from the standardized components and
assemblies produced by the fabrication processes.

25
Manufacturing Strategies

 Make-to-order Strategy

used by manufacturers that make products to customer


specifications in low volumes.
provides a high degree of customization, which is a
major competitive priority for these manufacturers.
Because most products, components, and assemblies
are custom-made; the manufacturing process must be
flexible to accommodate the variety. 26

Common questions

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Corporate strategy is developed by top management and defines the businesses that the company will pursue, identifies opportunities and threats in the environment, and sets long-term growth objectives. It provides a broad framework for all organizational functions . In contrast, operations strategy is a plan for the operations function, focusing on specific competitive priorities such as cost, quality, time, and flexibility. It is developed after the business strategy to ensure that the operations capabilities align with the strategic objectives .

Trade-offs are crucial in developing an operations strategy because resources are limited, and a company cannot excel in all competitive priorities simultaneously. Emphasizing one priority often requires sacrificing others to some extent. For example, focusing on low cost might affect flexibility or speed. Every business must achieve a basic level of all priorities but identify which ones align closely with their business strategy and can offer the most significant competitive leverage . Identifying these trade-offs helps in making strategic decisions about resource allocation and operational focus .

The 'Make-to-Stock' strategy involves manufacturing products in advance based on expected demand and holding them in stock for immediate delivery. It is suitable for standardized high-volume products with predictable demand. Competitive priorities for make-to-stock include low cost and consistent quality . Conversely, 'Make-to-Order' involves producing items only after receiving customer orders, allowing for high customization. This strategy requires flexibility and focuses on customization and customer specification as competitive priorities .

Order qualifiers are characteristics that must meet minimum customer expectations to be considered for purchase. They set the standard that competitors must meet. Order winners, on the other hand, are attributes that differentiate a company's goods or services from the competition, often being the decisive factor in a purchase decision . A company's competitive priorities are influenced by the need to meet order qualifiers to enter the market, while order winners determine the additional focus areas to gain market advantage and encourage customer preference .

Product and service technology involves new product and service developments that directly enhance customer satisfaction and market share. Process technology includes methods that improve efficiency and productivity, reducing costs and increasing quality . Information technology supports management through data-driven decision-making efficiencies and better customer service, facilitating competitive advantage . Together, these technologies allow a business to innovate continuously, optimize operations, and respond effectively to market changes, thereby achieving a competitive edge .

Environmental scanning involves monitoring external events and trends that could present threats or opportunities for an organization. By identifying changes in competitive actions, consumer needs, or legal and political issues, environmental scanning enables a company to adapt its strategic direction, maintaining competitiveness and capitalizing on new opportunities . The awareness garnered through environmental scanning helps in proactive strategy formulation, ensuring the business remains aligned with external market dynamics .

Flexibility allows a company to adapt to changes in the market quickly, offering product and volume customization. However, achieving a high level of flexibility often impacts speed, as more time is required for customization, and production processes may need to be adjusted to accommodate unique client requirements . Flexibility can also increase costs because it may involve more complex operations, smaller production runs, and possible retooling. This trade-off highlights the importance of balancing flexibility with other priorities to maintain efficiency and meet strategic business goals .

The mission statement is a foundational input to business strategy as it clarifies what business the company is in, identifies the target customers, and defines the company's core beliefs. This clarity helps in aligning strategic decisions with the organization's long-term objectives and ensures that all stakeholders have a common understanding of the organization's primary purpose . The mission statement guides the strategic direction and decision-making process by establishing a clear vision of what the company seeks to achieve .

Core competencies are unique capabilities that give a company a competitive edge in its market. They are essential in business strategy development because they dictate the markets where a company can effectively compete. Core competencies could include specialized skills or expertise that are valuable in the market . When a company leverages its core competencies, it can create superior products or services, thus achieving a competitive advantage .

Technology can provide a significant competitive advantage by improving processes, maintaining up-to-date standards, and enhancing productivity, leading to cost reductions and improved services . However, it can also be a disadvantage as it may become costly to implement and maintain. Additionally, rapidly changing technology can result in obsolescence, requiring frequent updates and investments to remain competitive .

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