Which of the following strategies would be most appropriate for a company that is facing shorter product life cycles and rapidly changing customer demands?

Question

Quizplus · Accepted Answer

Developing agile operations would be the most appropriate strategy for a company facing shorter product life cycles and rapidly changing customer demands. Agile operations enable a company to quickly and effectively respond to market changes by being flexible and adaptable in its processes and operations. This allows the company to bring new products to market more quickly and efficiently than its competitors. Outsourcing non-value-added functions, implementing strategic sourcing, and eliminating levels in the supply chain may also be beneficial strategies, but they may not directly address the issue of short product life cycles and rapidly changing customer demands in the same way that developing agile operations would.

Which of the Following Strategies Would Be Most Appropriate for a Company