Fee and Smaller Airplanes
Chapter two
Business organizations compete with one another in a variety of ways. Key among them are price, quality, product differentiation, flexibility, and delivery time.
Strategy is the basic approach used by an organization to achieve its goal where tactics are the methods and actions are taken to accomplish strategies and carry out operations.
Operations strategy is the approach consistent with the organization strategy, which is used to carry out operations.
Explain the term time-based strategies and give three examples.
Time-based strategies are approaches that focus on reducing the time needed to conduct the various activities in a process. The rationale is that by reducing time, costs are generally less, productivity is higher, quality tends to be higher, product innovations appear on the market earlier, and customer service is improved.
Boeing’s strategy appears to focus on its 777 midsize plane’s ability to fly into smaller, nonhub airports. Rival European Airbus’s strategy appears to focus on large planes. Compare the advantages and disadvantages of these two strategies.
It appears that Boeing can concentrate on selling its smaller airplanes in larger volumes to smaller airline companies. The advantage of producing smaller airplanes is the fact that we can produce relatively large quantities at a lesser cost. The disadvantage of producing smaller airplanes is that most likely, the profit margin is less and larger quantities must be sold to generate the same income as when smaller quantities of larger airplanes are produced. The advantage of producing larger airplanes is that most likely the profit margin is higher and the
Airbus company can afford to produce a smaller quantity of large airplanes to generate the same income as when larger quantities of smaller airplanes are produced by the rival company
Name 10 ways that banks compete for customers.
Interest rate on savings.
b. Interest rate on checking and CDs.
c. Loan
Business organizations compete with one another in a variety of ways. Key among them are price, quality, product differentiation, flexibility, and delivery time.
Strategy is the basic approach used by an organization to achieve its goal where tactics are the methods and actions are taken to accomplish strategies and carry out operations.
Operations strategy is the approach consistent with the organization strategy, which is used to carry out operations.
Explain the term time-based strategies and give three examples.
Time-based strategies are approaches that focus on reducing the time needed to conduct the various activities in a process. The rationale is that by reducing time, costs are generally less, productivity is higher, quality tends to be higher, product innovations appear on the market earlier, and customer service is improved.
Boeing’s strategy appears to focus on its 777 midsize plane’s ability to fly into smaller, nonhub airports. Rival European Airbus’s strategy appears to focus on large planes. Compare the advantages and disadvantages of these two strategies.
It appears that Boeing can concentrate on selling its smaller airplanes in larger volumes to smaller airline companies. The advantage of producing smaller airplanes is the fact that we can produce relatively large quantities at a lesser cost. The disadvantage of producing smaller airplanes is that most likely, the profit margin is less and larger quantities must be sold to generate the same income as when smaller quantities of larger airplanes are produced. The advantage of producing larger airplanes is that most likely the profit margin is higher and the
Airbus company can afford to produce a smaller quantity of large airplanes to generate the same income as when larger quantities of smaller airplanes are produced by the rival company
Name 10 ways that banks compete for customers.
Interest rate on savings.
b. Interest rate on checking and CDs.
c. Loan