Regional Formation and Development Studies

Strategic management and operations management are widely used concepts. The role of operations management in planning and implementation the strategy is shown in this article. After a deep literature review the author presents those ideas which are crucial for the long-term planning of a modern company. Next to the change of the external environment the time factor is also considered as an important issue. The goal of companies within the framework of these conditions is to gain competitive advantage. The author shows ideas how to achieve this.