BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Vertical integration is a strategy that allows a company to streamline its operations by taking direct ownership of various stages of its production process rather than relying on external contractors or suppliers.

Detailed explanation-2: -What is an integration strategy? Integration strategies are processes that businesses can use to enhance their competitiveness, efficiency or market share by expanding their influence into new areas. These areas can include supply, distribution or competition.

Detailed explanation-3: -The four competitive priorities for operations strategy and management include cost, quality, flexibility, and speed. Consideration and strategy concerning how to stand apart from the competition in some or all of these will drive your company’s growth and continued success.

Detailed explanation-4: -Strategic integration is a tactical approach to management that involves high initial investments on resource acquisition and employee training programs. However, the process carries long-term advantages that minimize costs of increasing business flexibility over time.