Assignment:
In this module, you will revisit quality management and learn about a few tools to create scalable, replicable, and high-quality processes. Additionally, you will examine how a firm's strategy and structure intertwine at the operational level. As you see how strategy, structure, and operations interact, you will learn how they may be structured to create value, or destroy it, and how operational excellence and innovation foster speed to market, quality, and customer satisfaction.
Imagine a large Fortune 500 company with the resources to explore virtually any business opportunity. What happens when such a firm delves into a new business or dramatically changes the course of its business? How does a large corporation successfully start a new business venture? A company's capability to adapt to dramatic changes in direction and strategy depends on its skill in sound operations management.
Managers of corporate functions have the challenge of optimizing their unit's performance while also maintaining and promoting strategic fit under the challenge of a new venture. The key question remains: How does an organization implement strategy? Designing the product or service to fulfill a market need is a challenge that requires extensive customer understanding. Delivering the value proposition to the target customer is a more complex test of evolving existing processes and designing new ones while sustaining quality initiatives.
The following are critical questions of designing operating processes to pursue new ventures:
• What are the key inputs for success and how does an organization source them?
• What processes should be performed within the company?
• Which processes should be outsourced to vendors?
• What is the most effective means of getting our product or service to our target customers?
• What is the role of information technology in meeting these new business requirements?
• What is the impact to the current corporate structure?
• What is the role of our human capital in this new business
Attachment:- Assignment.rar