1. With regard to operations, organization strategy should, ideally, take into a
ID: 413114 • Letter: 1
Question
1. With regard to operations, organization strategy should, ideally, take into account: a) operations' strengths and weaknesses. b) inventory levels. c) labor productivity. d) product mix. e) production processes. 2. The Balanced Scorecard is a useful tool for helping managers translate their strategy into action in the following areas: a) Sustainability: Flexibility; Efficiency; Technology b) Customers; Financial; Internal Business Processes; Learning and Growth c) Customization; Standardization: Efficiency; Effectiveness d) The Environment; The Community; Suppliers; Other Stakeholders e) Strategy: Tactics; Productivity: ProfitabilityExplanation / Answer
1. a. operations' strengths and weaknesses- with regard to operations, organization strategy should function on identifying an organization's strengths and implement in on the growth process of the organization and eradicate the weaknesses if any which hinder the growth strategies.
2. b. Customers; financial; internal business processes; learning and growth- the balanced scorecard helps in balancing the all these areas that are connected to each other in the processes of operations for business growth.
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