What strategy options can a company consider in the automotive components industry?

Operations strategy is concerned with setting broad policies and plans for using the resources of the firm to best support the firm’s long-term competitive strategy. A firm’s operations strategy is normally integrated with its corporate strategy. The strategy involves a long-term process that must foster inevitable change. Strategic operations priorities for the automotive components industry include cost, quality, delivery speed, delivery reliability, ability to cope with changes in demand, flexibility and new product introduction speed, and other criteria specific to the industry. These priorities are described below.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions