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Showing posts with the label operational research

Researching Operational Problems for Efficiency Improvement

Organizational growth comes through the efforts of individuals who understand, explore and propose new ways of improving business. Those who improve upon processes, no matter how slight, must be able to recognize those problems and then find ways of improving operations to reduce their impact. Organizations that encourage operational research often find themselves developing at higher rates when compared to many of their competitors. The process of investigating problems, finding solutions, and implementing those solutions must continue if a firm will survive new market threats. New firms are often more in alignment with market needs.  These hot firms grow quickly and become market leaders themselves knocking the previous generation of firms from the top spots.  The destructive development of new products requires finding new ways of meeting goals. Existing firms must continually reinvest in their operations by conducting research and implement their findings. Operational improveme