Critical evaluation of lean strategy (strength and weaknesses) Essay - 1

Critical evaluation of lean strategy (strength and weaknesses) - Essay Example Critical success factors that improve the execution procedure are distinguished through human asset reviews, administration style, hierarchical vision of organizations, cultural aspects of the organization and external forces. Lean strategy directs the company to reduce or remove waste along with whole value creation channels. This makes operations that require less human exertion, less space, fewer assets and capital, and less time to manufacture items and deliver services. This process undertakes fewer expenses and with much fewer discards and operational errors as compared to traditional business frameworks. The main objective of the lean strategy is to give perfect and ideal worth to the customer through a sound value formation process that supports no waste. Further, the paper also outlines the difficulties that organizations experience when they change their plan of action towards executing another strategy and innovative system to the organization framework that is lean strategy. For superior understanding of the lean strategy, the paper proposes definitions from the developers of the system recognized in the field. As the world is turning into a global village, internationalization and globalization have taken up the majority space in the corporate world. Now business processes have developed into more efficient and effective processes. This has made the businesses more complicated and has created the vigorous competition in every industry. In such case, strategy lends a helpful thought to corporate to efficiently adjust their business operations while remain aligned with corporate mission and vision, in order to run their successfully and gain competitive edge over others. Pace, effectiveness, and client worth are basic concerns in driving productive outcomes in company. Lean strategy is also one of the strategies that seek to manage and incorporate the operations of the different

Types of Newspapers Essay Example | Topics and Well Written Essays - 1000 words

Types of Newspapers - Essay Example There are different types of newspapers and they can be classified in different ways. Classification based on frequency The frequency of the newspaper being published is one of the most common ways of classifying the newspaper. Based on the frequency of its publications newspapers can be classified into: Daily Newspapers This is the most common type of newspapers. Daily newspapers are published everyday and cover important news from the previous day. It also carries information regarding the current day. Daily newspapers are the most circulated and read in the whole world. Normally it is published aiming to reach the reader everyday morning. The target audience of a daily newspaper is vas. They target every market segments which includes all demographic profile. But there are also afternoon and evening newspapers that carry breaking news from the current day and are aimed at office workers and commuters (Ric Publications, 1993). Examples of daily newspapers are New York Times, New Yo rk Post, Washington Post, etc. Bi-Weekly Newspapers Bi-Weekly newspapers are published twice a week and can be general or content specific newspaper. These papers in most cases interpret or put forward the news in a different way. They do an in-depth coverage of general news when compared to daily newspapers and style of reporting is also different. The target audience may vary depending on what the paper is covering. Bi-weekly papers can be community or a group specific newspaper which only concentrate on the news related to the community or the group. The Dartmouth Review is an example of a bi-weekly newspaper which is published twice a week at Dartmouth College. It concentrates on news related to the college. The Jewish Journal is another example of a bi-weekly newspaper which is a community sponsored newspaper and covers news related to the Jewish community. Weekly Newspaper Weekly newspapers are published once in a week. These have smaller circulation than daily newspapers. The y mainly cover local news and community based news. They are usually based and limited smaller areas such as towns and cities. There are very less national level weekly newspapers. They adopt a niche strategy and target a specific market. For example a weekly newspaper may target only sports, advertising (free ads), etc. Examples of weekly newspapers are Florida weekly, Honolulu Weekly, etc. Classification based on the news covered Newspapers can also be classified based on the news that they cover. They can be mainly classified into: National Newspapers National newspaper is one which circulates through out the country. Each country has newspapers that have their presence in the entire country. They mainly cover the national news and the international news. The .local news is also covered but not in detail. News of national importance is given primary importance and makes up for the majority of the news covered. The New York Times and The Wall Street Journal are examples of nationa l newspapers. International Newspapers There are not many newspapers that can be categorised as international newspapers. To be an international newspaper the paper must concentrate primarily on international news which not many newspapers do. International Herald Tribune is one of the newspapers that can be categorised. Also there are some national newspapers who release the international editions of their papers. Regional/local Newspapers Regional or local newspapers target regional news