Functional strategies Flashcards
1
Q
HRM strategy key points
A
- recruitment plan
- training plan
- productivity plan
- redevelopment plan
2
Q
What are the two types of research in an R&D functional strategy?
A
- Product research
- Process research
3
Q
What are the 5 aspects of creating/maintaining a creative environment for R&D? LCPSC
A
- Leadership
- Culture
- People
- Structure
- Communication
4
Q
What is an operational strategy?
A
Design, creation and implementation of controls around the transformational process of changing inputs into outputs
5
Q
What are the key factors to consider for an operational strategy?
A
- Volume
- Variety
- Variation in demand
- Visibility
6
Q
What are the 3 capacity planning approaches?
A
- Made to order - JIT
- Made to stock - constant stock level
- Manipulate demand - peak and off peak
7
Q
What is supply chain management?
A
Management of all supply activities from supplier to customer
8
Q
What are the 3 factors to consider for supply chain management?
A
- Responsiveness
- Reliability
- Relationships
