Comparing Sense and Respond based Critical Factor Index Methods for Optimizing Operations Strategies
AbstractHow to make improvements to adapt company’s operations strategies in a fast-changing environment are getting more important than before in all sort of companies. This article aims to enrich sense and respond (S&R) approach in dynamic and agile strategic adjustment via presenting new method called scaled critical factor index (SCFI) in comparison with older S&R approaches like critical factor index (CFI) and balanced critical factor index (BCFI). Besides, the practical examination in this paper displays the difference among them and the privilege of SCFI model. The results of analysis illustrate that the newest method contribute to the operations strategy improvement based on clear objectives in new business environment.
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This chapter was published in: Hassan Nikookar & Danial Sahebi & JosuTakala , , pages 1067-1077, 2012.
This item is provided by University of Primorska, Faculty of Management Koper in its series MIC 2012: Managing Transformation with Creativity; Proceedings of the 13th International Conference, Budapest, 22–24 November 2012 [Selected Papers] with number 1067-1077.
operational competitiveness; operations strategy; sense and respond (S&R); scaled critical factor index (SCFI); manufacturing industry;
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