Basic Concept for Formulation of Operation Strategy

The operation strategy, as described so far, is established on the basis of competition analysis, customer analysis, business system analysis and one’s own capability as well as the management resources and the mission of the operation as assigned by the head Office. It is not as simple a solution that can be obtained automatically simply by carrying out a certain analysis. The enterprises, under certain given circumstances, very often select a similar type of operation strategy.

A few major concepts, which are useful for establishing the operation strategy, are explained here along with the similar type of operation strategies which are often picked up depending upon the development state of industries and the management resources as available with the industry.