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Managing Change In Operations - Paper

Managing Change In Operations


Behavior Traits of Successful Businesses
Business Innovation Opportunities
Businesses are resource limited and must determine where and in what way to allocate resources to achieve business mission objectives. This translates to why it is so important for business to be creative and actively plan for innovation correctly.
Innovation is a change of direction and it alters investment policy so it is essential from the onset for the business planner to be clear about the current state of product “portfolio”. The planner must recognize how to balance the current products against possible policies for future development and their likely implications in terms of cash flow, market share, ...

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for future development.
Managers should make use of these models and many don’t. Those that do are more likely to be successful and have the ability to minimize risk of failure. Business managers who do are far more likely to survive. For planners and non-planners there is not a single universal technique that can be applied in all situations.
Use of strategic planning models can be a very important behavior trait for successful companies. Companies that do not use strategic planning models usually don’t because the model does not offer what the customer wants. It may be inadequate because of its analysis of the relationship between company resources and markets. These result in advice about overall investment decisions rather than about the specifics of how to manage the alternatives in the market/business relationship can be shortsighted, since there are always alternatives in order to gain the maximum competitive advantage. Since change is so an important aspect ...

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one being dominant, strong, favorable, tenable and weak and relates this to the stages of market development. The stages are embryonic, growing, mature, and aging, which produce a series of strategic guidelines for company development. The market growth concept provides valuable guidance about broad policies, replacing the concept of market attractiveness in the GE matrix with stages of market growth.
A PLC (product life cycle) are frameworks for planning. It suggests that specific changes in product policy should be followed after the initial product introduction. A major problem is that few products follow “typical” PLC curves. This implies that the organization evaluates the ...

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Managing Change In Operations. (2008, August 29). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Managing-Change-In-Operations/89085
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PAPER DETAILS
Added: 8/29/2008 09:28:36 AM
Category: Miscellaneous
Type: Premium Paper
Words: 1623
Pages: 6

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