Operations Management : Know the Competition | Simplicity Consultancy

Simplicity Consultancy · Beginner ·🎯 Management & AI-Era Leadership ·4y ago

About this lesson

Knowing the competition is one of the 16 principles of operations management taken from Dr. Richard Schonberger, and it's an important one. It helps managers understand their competitors better so they know what to expect from them in terms of operations, pricing, service levels, etc. When you know your competitor's operations well, you can better plan how to compete with them or even join forces at times. Let's take a look further at what it means to know the competition before we dive into 10 ways to find out what your competitors are doing. 👨🏼‍💻At Simplicity Consultancy we aim to make consulting simple. We create videos that explain the world of consultancy. From answering what is consulting, explaining operations management, diving into management consulting and operations consulting.👩🏽‍💻 👉🏽So if you want to know all things that goes on in the world of consultant, then consider subscribing for weekly advice across industries. https://bit.ly/3xfsvhi 👍🏽 📚Do you want to increase profits, reduce complexity and streamline operations, get your FREE EBOOK here: https://go.simplicityconsultancy.co.uk/ebook1 Who are we: https://www.simplicityconsultancy.co.uk/ MY FAVOURITE GEAR: 📕 How to Take Smart Notes: https://amzn.to/3p0IqNy 🎤 Voiceover Microphone: https://amzn.to/3wHLj8p 📈What I Use For Video Analytics: https://vidiq.com/simplicityconsultancy/ #consulting #operationsmanagement #consultant

Original Description

Knowing the competition is one of the 16 principles of operations management taken from Dr. Richard Schonberger, and it's an important one. It helps managers understand their competitors better so they know what to expect from them in terms of operations, pricing, service levels, etc. When you know your competitor's operations well, you can better plan how to compete with them or even join forces at times. Let's take a look further at what it means to know the competition before we dive into 10 ways to find out what your competitors are doing. 👨🏼‍💻At Simplicity Consultancy we aim to make consulting simple. We create videos that explain the world of consultancy. From answering what is consulting, explaining operations management, diving into management consulting and operations consulting.👩🏽‍💻 👉🏽So if you want to know all things that goes on in the world of consultant, then consider subscribing for weekly advice across industries. https://bit.ly/3xfsvhi 👍🏽 📚Do you want to increase profits, reduce complexity and streamline operations, get your FREE EBOOK here: https://go.simplicityconsultancy.co.uk/ebook1 Who are we: https://www.simplicityconsultancy.co.uk/ MY FAVOURITE GEAR: 📕 How to Take Smart Notes: https://amzn.to/3p0IqNy 🎤 Voiceover Microphone: https://amzn.to/3wHLj8p 📈What I Use For Video Analytics: https://vidiq.com/simplicityconsultancy/ #consulting #operationsmanagement #consultant
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