Operations and Strategy

Operations and strategy in business refer to two key areas that drive a company's success. Operations involve the day-to-day activities and processes that produce goods or services efficiently and effectively. It focuses on optimizing resources, managing supply chains, and ensuring quality. Strategy, on the other hand, is the long-term plan that outlines how a company will achieve its goals, compete in the market, and create value. It encompasses decisions about target markets, product offerings, and growth initiatives. Together, effective operations and a sound strategy ensure a business can thrive and adapt in a changing environment.