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Resource profit model : ウィキペディア英語版 | Resource profit model
The resource/profit model is a framework that illustrates the most important elements of operations management within a business environment. This structured approach of Byron J. Finch shows three major components of operations management (foundation for success, components of value and managing resources to create value) and how they relate to each other. When all elements consort well with each other, it will consequently lead to a financial success of a business.〔Finch, B.J. 2008. ''Operations Now: Supply Chain Profitability and Performance.'' New York. McGraw-Hill. p.12f〕 ==Foundation for success== The three fundamental criteria for successful organizations consist of profitability, strategy and value as well as processes. Profitability, as a fundamental goal of each profit oriented organization, depends on an elaborated strategy to provide a real value for customers. In the long run, this will also pay off for the organization due to loyal and less price sensitive customers. To be able to achieve set objectives and to meet customer expectations, it is necessary to continuously monitor and improve processes to enhance efficiency and thus maintaining one’s competitive advantage.〔Stair, R. Reynolds, G. Chesney, T. 2008. ''Principles of Business Information Systems.'' Hampshire. Cengage Learning EMEA. p.44ff〕
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