Question

Operating strategies consist of

a) What a company's various operating departments plan to do to help execute the company's overall strategy.

b) The strategic intent of each operating unit.

c) The relatively narrow strategic initiatives and approaches for managing key operating units (plants, distribution centers, geographic units) and specific operating activities (the management of specific brands, supply chain-related activities, and website sales and operations).

d) The specific actions a company's various operating departments plan to take to unify efforts to achieve a sustainable competitive.

Answer 1

Operating strategies define how a company's various operating departments will contribute to the overall strategic plan, incorporating planning, strategic intent, and narrow strategic initiatives. A core competency focus is an example of an operating strategy leading to success.

Step-by-step explanation:

Operating strategies are critical components of a company's overarching strategic plan. They are focused on the decisions and actions of a company's various operating departments and how these departments plan to contribute to the execution of the overall strategy. Specifically, operating strategies involve:

• Planning by operating departments to align with and help execute the company's overall strategy.
• Defining the strategic intent of each operating unit within the company.
• Implementing relatively narrow strategic initiatives and approaches for managing key operating aspects, like plants, distribution centers, geographical units, brand management, supply chain-related activities, and online operations.

An example of a successful operating strategy is when a business focuses on its core competency, honing in on a limited product range to achieve more success than competitors attempting to offer a wider selection. This specialization allows for a concentration of skills and resources, which can lead to greater efficiency and competitive advantage.