Explain what an operations strategy is and the importance of competitive priorities. Give an example from an organization (public or private, manufacturing or service)

What will be an ideal response?

An operations strategy is the means by which operations implements the firm's corporate strategy. Competitive priorities are the key capabilities that operations must develop to compete successfully in a market segment. Possible competitive priorities include low-cost operation, high-performance design, consistent quality, delivery speed, on-time delivery, development speed, customization, and volume flexibility. Examples will vary.