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(Solution) Importance of Operation Management

   

Added on  2020-12-18

18 Pages5939 Words279 Views
MANAGEMENT &OPERATIONS
(Solution) Importance of Operation Management_1
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Define and compare various roles and characteristics of leaders and manager.....................1LO 2.................................................................................................................................................3P 2 Examples of how the role of a leader and the function of a manager are applied................3P 3 Various approaches and models like situational, system and contingency leadership........4LO 3.................................................................................................................................................6P 4 Key approaches to operation management and role of managers and leaders......................6P 5 Importance of Operation Management in attaining business objectives..............................8LO 4...............................................................................................................................................10P 6 Factors within business environment that influence operational management..................10CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONManagement and operations are important business practices that generate the highestlevel of skilfulness within organisation. These departments are mainly concentrated onconverting labour and material into services and goods so that profits can be maximized. It hassome major responsibilities like project management methods, implementing structure ofinformation technology networks and determining size of manufacturing plants. Major things involved are minimal waste, use of raw materials at highest levels andvarious other operational issues (Thompson and Glasø, 2015). Management organizes resources,maintains staffing and plans actions. In this report, responsibilities and traits of leader andmanager of Tesco will be described. Importance and value of operations management will beillustrated and various theories and models will also be described that could be use by themanagement of Tesco for decision-making.LO 1P1 Define and compare various roles and characteristics of leaders and manager.Introduction of TESCO: It is one of the leading retail company and branded companyin UK who offer best variety of products to their customer at cheap rates. It establish its unit inmore than 20 countries and having a brand image in market. The quoted company is consider thethird largest retail company in world as per their total revenue generated. It has around 6500shops in all over the world. Leader of Tesco is man who has his own vision and influences others to achievespecified goals. In order to achieve goals, he makes strategies and posses good qualities likecreating valuable team, innovation, motivating subordinates along with foresightedness. On the other hand, manager of Tesco is responsible for the entire management.Employees are under their control and all work is managed by manager. They are responsible formission and vision of an organisation. ManagerLeader1. Manager is a person who takesresponsibility of complete organisation and hasauthority to fire and hire employees (Dentchev,van Balen and Haezendonck, 2015).1. A leader is a person who encourages theentire team to work together and providesupport to accomplish activities and tasks ontime.1
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