For any legal entity to thrive, the development of strategy is paramount. By the development of the operational strategies, the company can be able to examine and implement effective as well as efficient systems for using personnel, resources and work in progress. Operating strategies are methods which company utilizes to achieve the set objectives. It is a plan which specifies how an organization can efficiently allocate resources so as to support infrastructure and production (Slack & Lewis, 2011). Besides, it is driven by overall business strategy in an organization and it is usually designed to assist the managers in maximize the production effectiveness while minimizing costs.
In every management process, there are various core operating strategies which can be implemented by a business entity. They comprise of the corporate strategy which views an organization as a system of interconnected parts and consumer driven strategies which incorporate ability of an organization to adapt to the changing environments, development of new strengths and enhancement of core aptitudes so as to meet the needs of the consumers. Others comprise of development of the core competencies which are based on the strength and resources which are within the company, setting of competitive priorities and engagement of product and service development through an innovative manner. In the situation where the management efficiently implements these strategies, they can be able to achieve both competitive and comparative edge in the market.
There are various benefits which accrue to a company when they adopt such strategies in their operations and management. They comprise of being able to produce a quality product and services at a fair costs. These improve the customers' experience hence enhancing the consumers' satisfaction and retention. Besides, they will be able to develop the processes such as product development and building the professional relationships which plays a vital role in the development and growth of the company over a given period of time. It will also enable an organization to efficiently allocate the resources which are at their disposal, a process which optimizes the level of efficiency (Slack & Lewis, 2011). These can play a vital role in improving the performance either in the short or long run. It will also enable them to push for the value added services, be able to establish and enforce vendor compliance policies as well as streamlining the supply chain process. These enables the company to minimize costs, hence maximization of the profit margin. These will guarantees the competitive advantage either in the short or long run.
However, during the implementation process of the operation strategy, there are various challenges which the company can face. These comprise of insufficient partners buy-in, insufficient leadership attention, ineffective leadership, weak or inappropriate implementation strategies and resistance to change (Zang & Wankat, 2002). In the situation where these problems are not mitigated, the implementation process can be hectic hence leading to a failure.
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Order an essayTherefore, it can be evident even though the implementation process can be challenging, the management team should make the necessary preparation to ensure that the chosen core operation strategy is efficiently implemented with an aim of enhancing growth and development of the business entity over a given period time.
References
Kavvadias, K. C., Tosios, A. P., & Maroulis, Z. B. (2010). Design of a combined heating, cooling and power system: Sizing, operation strategy selection and parametric analysis. Energy Conversion and Management, 51(4), 833-845.
Slack, N., & Lewis, M. (2011). Operations strategy. Harlow, Essex: Pearson/Prentice Hall.
The Challenge of Strategy Implementation: Tools for Turning Your Firm's Strategic Plan into Action. (n.d.). Retrieved from http://www.legaltoday.com/gestion-del-despacho/rincon-de-hildebrandt/the-challenge-of-strategy-implementation-tools-for-turning-your-firms-strategic-plan-into-action
Zang, Y., & Wankat, P. C. (2002). SMB operation strategy− partial feed. Industrial & engineering chemistry research, 41(10), 2504-2511.
