How does a firm’s corporate strategy affect its operation management?
Corporate strategy, by definition, views the organization as a complete system which is known to be formulated of departments or functions which are interconnected and dependent on each other in such a manner that they aim to achieve the ultimate corporate goals (Krajewski & Ritzman, 2005). In other words, we can say that corporate strategy is a bigger picture which shows how inter-linkage about various departments or functions can result in the attainment of final aims and objectives. Operations management or operation strategy basically focuses on ensuring that the small tasks are carried out effectively which ultimately makes the achievement ...