What is trade off in strategy?

Trade-offs occur when activities are incompatible. Simply put, a trade-off means that more of one thing necessitates less of another. An airline can choose to serve meals—adding cost and slowing turnaround time at the gate—or it can choose not to, but it cannot do both without bearing major inefficiencies.

Read rest of the answer. Correspondingly, what is an example of a strategic trade off?

The Ikea business model is a good example of making trade offs. Ikea customers choose the items they like, collect them flat packed from the warehouse and assemble the items themselves at home. At Ikea customers are happy to trade off service for lower prices.

Likewise, what is a trade off in government? FAR 15.101-1 describes a tradeoff process used when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. When using a tradeoff process, the following rules apply: 1.

Subsequently, one may also ask, what is an example of a trade off?

The definition of trade off is an exchange where you give up one thing in order to get something else that you also desire. An example of a trade off is when you have to put up with a half hour commute in order to make more money. YourDictionary definition and usage example.

What is a trade off analysis?

Trade-off Analysis Technique – Make the decision easier. The trade-off is a situation that involves losing one quality, aspect or amount of something in return for gaining another quality, aspect or amount.