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Business Operations Assignment

   

Added on  2020-09-03

14 Pages4253 Words38 Views
BUSINESSOPERATIONS
Business Operations Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1Q 1a. Various Business Function................................................................................................1Q1 b. Four major challenges involved in managing business operations and offer solution......2Q2. Evaluation of business operations and strategic planning of Vodafone and Samsung........4.........................................................................................................................................................8Q3. Supply chain management of Toyota .................................................................................8CONCLUSION .......................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONBusiness operations are the day to day activities which every firms perform in theirorganisation so they can earn profit. The work of various departments like marketing, finance,human resources etc. are some of the main activities that is done in an enterprise (Henri, Boiraland Roy, 2016.). This report will discuss about business functions, different challenges inmanaging companies operations will also become significant part of this report. Strategicplanning in a manufacturing and service sector will be included in this file. Some importantconcepts like product development and market development will be explained in this assignment.Supply chain management of a real organisation will get cover in this project. Just in time (JIT)and total quality management (TQM) will be the main approach which will be discussed in thisreport. Q 1a. Various Business FunctionBusiness operation define day to day activity of the organization which is used by theTesco to generate more profits. Tesco is a retail which provide quality services as well asproducts to their customers in order to achieve higher success at market place. In thismanagement is more important because it is an effective which helps in controlling and dealingwith various peoples in order to achieve organizational goals and objectives (Amoako-Kwakye,2012). It is an art of receiving things complete through people. In this there are various businessfunction which helps in achieving organizational goals in appropriate manner. Marketing Function: It is important function of the Tesco to define effective marketing researchand plan in which they develop their products. For this they use various promotional activities,advertising, distribution of sales and also define the better customers relation which helps inimproving overall performance of the company in effective manner. Research and development: This department having important function in which theyinvestigate all the business activities in order to improve their product quality which helps inimproving the existing activities in effective manner. For this Tesco undertake various researchto identify the current trends of the market and also evaluate the customers preferences so thatthey deliver quality services to their customers in order to get higher satisfaction.Human resource: One of the important function of HR is to recruit right person for right job sothat they easily perform their task and get better results. With the help of this Tesco improvetheir overall performance level ion appropriate manner. 1
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All these function are more important for the company to get better success at marketplace which directly affect on the organizational performance so that it is important to managethese business function in best way. In this various level is also include which helps in make effective decision for theorganization in order to improve the overall productivity of the Tesco. Strategic decision: These type of decisions are taken by top level management with in theorganization and they take all types of decision which is follow by the every level to manageand perform all the task in appropriate manner (Galindo and Batta, 2013).Tactical decision: In this middle level management include all these decision which is taken bytop level management so that they easily formulate their process and also provide operationallevel so that they perform their work with more efficiency.Operational decision: In this all the direction and decision are followed by the lower levelmanagement which helps them to perform their operational activities and they also takeoperational decision in order to make better working environment at workplace (Heizer, 2016).All these level are interrelated with each other because all the decision are formulatedwithin them which helps in taking best action about all the business operation. It helps inimproving performance of the company at market place.Q1 b. Four major challenges involved in managing business operations and offer solutionManaging operation is more important for the Tesco to achieve their desirable goals andobjectives in systematic manner. With the helps of this company easily improve theirperformance level and also capture large market share from its rivals. Without managementnobody can able to get success so that it is important for an enterprise to manage their activitiesof operations in effective so that they take strong place at market place and easily achieve bestsuccess (Hill and Hill, 2012). At the time of operating business operating various issues as wellas problems are faced by the company which lead in reducing the brand image at market place.ChallengesExplanationSolutionsCustomers satisfactionCustomers satisfaction is oneof the complex situation forthe Tesco because withoutsatisfaction company can notachieve success and alsoOne of the best solution ofgetting customers satisfactionprovide quality services totheir customers at affordableprice. For this it it is important
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