OperatiOns strategy: will it ever realize its pOtential?

Although the last three decades have seen a steady rise in the perceived importance of operations strategy together with its corresponding literature base, one could argue that it has not yet reached its full potential. This paper reviews some of the reasons why this may be. It starts by briefly examining the importance of operations strategy within the broader operations management area and then examines some challenges to the subject under two headings. The first heading concerns whether operations strategy accurately reflects the nature of ‘operations’ within the economy. The second heading examines some of the challenges in making any operations-based topic into one that has strategic relevance. Finally, a number of prescriptions are put forward that may allow the development of the subject to answer some of the challenges posed.