Analyzing the requirement of competing on the following parameters in order to be operationally robust in the industry:

In order to be operationally robust in the industry, companies need to compete on various parameters. These parameters are listed below and analyzed in detail:

a) Quality:
Quality is an essential parameter for any company to be operationally robust in the industry. A company that provides quality products or services is always preferred over others. Quality includes various aspects such as reliability, durability, performance, and customer satisfaction. A company that provides quality products or services is likely to gain customer loyalty, which ultimately leads to the growth of the company.

b) Cost:
Cost is another critical parameter that companies need to compete on to be operationally robust in the industry. Companies that provide products or services at a lower cost are more likely to attract customers. However, it is important to maintain the quality of the product or service while reducing the cost. Companies can reduce the cost by improving their operational efficiency and reducing their overheads.

c) Flexibility:
Flexibility is an important parameter that companies need to compete on to be operationally robust in the industry. A company that can adapt quickly to changing market conditions and customer needs is more likely to succeed. Flexibility includes various aspects such as the ability to customize products or services, the ability to change the production process, and the ability to adapt to new technologies.

d) Speed:
Speed is another important parameter that companies need to compete on to be operationally robust in the industry. A company that can deliver products or services quickly is more likely to satisfy its customers. Companies can reduce the delivery time by improving their supply chain management, reducing their production time, and improving their logistics.

e) Service:
Service is an important parameter that companies need to compete on to be operationally robust in the industry. A company that provides excellent customer service is likely to gain customer loyalty. Service includes various aspects such as after-sales service, technical support, and customer support. A company that provides excellent service is likely to have a good reputation in the market and is more likely to attract new customers.

In conclusion, companies need to compete on various parameters such as quality, cost, flexibility, speed, and service to be operationally robust in the industry. A company that excels in all these parameters is more likely to succeed and grow in the long run.