What are Production Strategies? Meaning
Production strategies are wide long-term activity plans. They are made for achieving the principal objectives of organisation. Production strategies enjoin us what the production subdivision must attain to accomplish the occur aims of the organisation. It provides a route map for the production department.
investment to hold upward made for production, the technology scientific discipline to hold upward used for production, the grooming to hold upward given to the production staff, the production schedule to hold upward followed, etc. It too decides nearly the goods too services to hold upward produced too when to innovate them inwards the market.
It is the occur level of management that kickoff fixes the principal objectives of the organisation. Then top-level managers brand strategies for achieving these objectives.
Generally, at that spot are 2 types of strategies, viz.,
- Business Strategies are strategies made for the entire organisation. It covers all departments of the organisation. These are made yesteryear the top-level management.
- Functional or Departmental Strategies are strategies made for a item department. Each subdivision has its ain strategy such equally production too marketing strategy. These strategies back upward the draw concern strategy to accomplish the principal objectives of the organisation. They are made yesteryear middle-level management, i.e. yesteryear Departmental Heads. So, production strategy is a functional strategy.
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