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How can a company effectively balance the trade - off between cost minimization and quality maximization in its operations strategy? Discuss how various theoretical frameworks,

How can a company effectively balance the trade-off between cost minimization and quality maximization in its operations strategy? Discuss how various theoretical frameworks, such as lean manufacturing, total quality management, and Six Sigma, can be integrated to optimize operational performance. Consider the role of technology, workforce training, and supply chain management in achieving this balance. Furthermore, explore the implications of global factors, such as outsourcing, offshoring, and geopolitical risks, on operational decision-making. Provide real-world examples to illustrate your arguments and evaluate the potential challenges and benefits associated with implementing a comprehensive operations strategy that prioritizes both cost efficiency and quality excellence."

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