Posted: February 18th, 2022
The whole report is based on Operational and Supply Chain Management (Stekelorum et al. 2021). Operational and Supply Chain Management is entirely based on the processes of design and planning steps. It is also concerned with facility management, various strategies and methods required in transferring different kinds of resources into materials and all the provided services within. The involvement of supply chain management (Birkel et al. 2021) in the case of operation management is that it is wholly responsible for refining the activities at particular levels for supply considering the terms of time and capacity. On the side, the operational management is fully responsible for executing the thorough decisions as taken by the supply chain.
Strategies Which Are to Be Adopted
The strategies of any business are considered to be the basis for any decision taken by an organization. In case if these are chosen at a low-quality level and formulated by top management companies, it would make a fall on the efficiency of employees. It will broadly impact the departments of the company. There are three types of components of strategies of any organization: the functional design (Hamdan et al. 2021), the Corporate Level Strategy (Menz et al. 2021) and Business Strategy (Ali et al. 2021). Together, these all together constitute the pyramid of strategies primarily defined as the “Strategy Pyramid (Adomako et al. 2021), where Corporate Level Strategy resides at the top of the pyramid. Let’s discuss in brief all the strategies:-
The topmost of the pyramid is the Corporate-level strategy. Here the management is responsible for primary two aspects. One is gaining an advantage in each phase of the firm’s business planning to operate in. The gain should be at a level of competition. The second aspect is keeping the company in the first place and gaining success. The intelligent one should be optimistically choosing a business and determining how they should incorporate them in the corporate world. Prime investment decisions are always taken by the persons sitting at the top management position.
This strategy is only required when a company has decided to work in two or more business areas with a strategic differentiation level that needs to be directed toward the corporate level of strategy. This strategy does not apply to small enterprises. Instead, they are suitable for multinational units.
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