Description
Task 1: Vice President of Operations, Part 1
Scenario: Imagine that you are the vice president of operations at a production or service organization. You have noticed that your organization’s current operations strategy is not supporting the challenges that the organization is presently facing. In order to maintain a competitive edge, you must address these challenges with your Chief Executive Officer immediately.
Select an existing production organization. Analyze the organization’s current vision, mission, business strategy, operation strategy, supply chain, total quality management, just-in-time philosophy, forecasting method, statistical technique, facility location, work design, project life cycle, and project management. Note: You will need this information in order to complete this and subsequent assignments.
As you collect the information for Assignment 1 and Assignment 2, remember that in Assignment 3 you must prepare a presentation for your Chief Executive Officer.
Write a paper in which you:
- Evaluate key elements of the selected production or service organization’s operational efficiency with its operational strategy. Determine three (3) tasks that do not align with the operational strategy. Determine the weaknesses that are evident in each task.
- Formulate a new operations strategy for the selected organization based on the four (4) competitive priorities (i.e., cost, quality, time, and flexibility).
- Analyze both the structure of the competitive priorities and infrastructure of the production process. Develop three (3) new enablers that are aligned with the long-term plan of the selected organization. Evaluate three (3) pros and three (3) cons of the new enablers.
Explanation & Answer
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Running head: OPERATIONAL STRATEGIES
Vice President of Operations
Student’s Name
Professor’s Name
Course Title
Date
1
OPERATIONAL STRATEGIES
2
Vice President of Operations
Question one
Walmart Inc. has earned its title as one of the best retailers in the world through
implementing its operational power strategies. The company's primary strategy is the cost
leadership generic strategy that is embedded in its mission and vision statements (Walmart,
2020). Walmart’s mission is to "save people money so they can live better," while its vision is
to be the number one destination where customers can save money regardless of how they shop
(Ferguson, 2019). This new corporate vision includes customer flexibility regarding the
company's original objective to achieve leadership in online retail and e-commerce.
Aside from minimizing costs to maintain its competitive advantage, the company has
applied an intensive growth strategy that is effective in increasing the company's global
marketability by creating an active online presence (Ladd, 2018). Market penetration is in line
with many of the organization's objectives and combined with its marketing mix; the positive
results keep showing.
Walmart intensively focuses on availing its main product, which is its retail business,
the best way possible to the consumer. Sales personnel adopt the organizational culture of
offering the best customer experience, and this makes Walmart’s retail service unique
(Walmart, 2020). Also, the retail giant applies an intensive distribution strategy by availing
similar types of goods in all stores and ensuring that all their stores operate the same (Walmart,
2020). This ensures...
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