Question

Why might a developing firm need to make changes in their operations strategy to remain efficient? For example, what types of changes would need to be made in product design, process design, inventory, capacity, etc.? How do the various operations decisions interrelate with one another?

Answer 1

Some of the major reasons to change the operations strategy by newer firms in the market are:
•   To remain in sync with the changing technology that is driving operations and in turn increasing the utilisation of operational resources.
•   To ensure that they do not lag behind the existing competition in the market and also to break the monotony and the methods using which the operational activities are done.
•   Also this is at times done to complete the expectations of the people involved in the project I.e. the direct or indirect stakeholders and upper management.
•   The government policies keep on changing and to comply with those rules and regulations the strategies have to be altered.