This need highlights the importance of successful operations management to support Intel’s product development objectives via the 10 strategic decision areas. However, the company needs to continue evolving to address rapid market changes associated with rapid technological advancement and obsolescence. A testament to this operational success is Intel’s attractiveness as one of the major global fabricators of chips for other firms. The company’s efficient semiconductor fabrication processes are an indicator of operations management success. As a leading semiconductor business, Intel already maintains optimized operations that suit strategic objectives. Operations managers deal with these 10 strategic decisions for the purpose of optimizing organizational processes and productivity. Intel Corporation’s operations management (OM) strategy focuses on supporting product development as the basic factor in the 10 strategic decision areas. Intel Corporation’s operations management strategy applies automation to optimize productivity in the 10 strategic decision areas of the semiconductor business. Therefore, it must be realized that each component interacts with the other components and that this interaction often happens in chorus.An Intel Micro-PGA2 CPU socket. Strategic management is an ongoing process. Present businesses that have already created a strategic management plan will revert to these steps as per the situations requirement, so as to make essential changes.Ĭomponents of Strategic Management Process ![]() These components are steps that are carried, in chronological order, when creating a new strategic management plan. The key strategy evaluation activities are: appraising internal and external factors that are the root of present strategies, measuring performance, and taking remedial/corrective actions.Įvaluation makes sure that the organizational strategy as well as its implementation meets the organizational objectives.
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