Final answer:
An operations strategy is a plan developed by an organization to efficiently manage its resources and achieve its goals. Competitive priorities are key areas in which organizations focus on to gain a competitive advantage. Amazon is an example of a company with a focused operations strategy and competitive priorities.
Step-by-step explanation:
An operations strategy refers to a plan that an organization develops to achieve its goals and objectives by efficiently managing its resources. This strategy includes decisions regarding the design, production, and delivery of goods or services. Competitive priorities are the key areas in which an organization focuses to gain a competitive advantage, such as cost, quality, customization, speed, and flexibility.
An example of an operations strategy and competitive priorities can be seen in Amazon, a private online retail company. Amazon's operations strategy focuses on speed and flexibility, aiming to deliver products quickly to customers and offering a wide range of goods to cater to individual preferences. This competitive priority allows Amazon to gain a competitive advantage over its competitors and attract more customers.