Global companies like Tesla and Nvidia can consider several alternative strategies to process improvement. One strategy is innovation, where they can focus on creating new processes or significantly improving existing ones. Another strategy is diversification, where they can explore new markets or products to reduce dependence on existing processes. They can also consider collaboration, where they can partner with other companies or institutions to leverage their strengths and compensate for their weaknesses. Lastly, they can consider digital transformation, where they can use technology to automate, streamline, or reinvent their processes.
Want to generate the most business values with the least amount of time and cost? This Process Optim...
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