3. Potato Chips Business: Step By Step Guideline
Understanding The Business:
business knowledge has a huge effect on investing. Wi
thout understanding business, we cannot manage our l
ong term business plan. There are many different thing
s we need to understand about business….
4. Develop a Business Strategy:
A business strategy refers to the actions and decisions that
a company takes to reach its business goals and be compe
titive in its industry. It defines what the business needs to
do to reach its goals
5. Develop A Marketing Strategy:
Marketing is a dynamic and ever-changing field. The top di
gital marketing strategies change with the consumer and t
echnology trends of the day. This is why every business ne
eds a good marketing strategy that's well planned and has
well defined milestones and objectives.
6. Product Design:
Although many people think the aim of a product design process is
to create something cool and good-looking. Product design primari
ly wants to help us understand people’s pains…
Major Factors In Design Strategy:
When we discussed organizational and operation strategy concept
s we did set a boundary line for our organizations effective, smoo
th, reliable and safe operations. When we will design a product or
service…
7. What Does Product and Service Design Do?
When an organization decides to design its new prod
uct or service or refine its existing product or service,
it is suppose to follow certain activities religiously and
diligently.
8. Process selection and facility layout:
Process selection refers to deciding on the way production of goods or
services will be organized. It has major implications for capacity plannin
g, layout of facilities, equipment, and design of work systems…
5 basic process types:
1. Job Shop
2. Batch
3. Repetitive
4. Continuous
5. Project
9. TECHNOLOGY:
Technology and technological innovation often have a major influenc
e on business processes. Technological innovation refers to the disco
very and development of new or improved products, services, or pro
cesses for producing or providing them….
Why Acquire New Technologies?
10. Facility Layout:
Facility layout and design is an important component of a business's
overall operations, both in terms of maximizing the effectiveness of th
e production process and meeting the needs of employees….
Discuss Four Types of Facility Layout..
Facility Layout Objective:
A model facility layout should be able to provide an ideal relationshi
p between raw material, equipment, manpower and final product at
minimal cost under safe and comfortable environment…
11. Strategic Capacity Planning of Product:
Capacity refers to a system’s potential for producing goods or d
elivering services over a specified time interval. Capacity plannin
g involves long-term and short- term considerations…
Discuss The Steps in the Capacity Planning Process:
12. Location Planning and Analysis:
The place or site where all physical facilities are arranged properly i
s called location. It determines the supplying capacity of organizati
on. Location decisions represent an integral part of the strategic pla
nning process of virtually every organization..
Discuss The Factors Affecting Location Decision:
13. Conclusion
“Operations strategy is generally defined as the developme
nt of specific competitive strengths based on the operation
s function that is aimed at helping an organization achieve
its long-term competitive goals”…
