This presentation provides an introduction to business operation and management. It covers the functions of business operation, the process used by managers to identify strengths, weaknesses, threats, and opportunities, the essential functions of business management, and the difference between a manager and leader.
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Introduction to business operation and management
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Table of content INTRODUCTION Function of business operation in relation to Bentley motors: Process used by manager to identify strength , weaknesses, threats and opportunities Essential function of business management Difference between a manager and leader: CONCLUSION REFERENCES
INTRODUCTION Business operation management refers to administration of practises which relates with business to generate the highest level of efficiency possible within an organisation. This operation management relates with conversion of labour or workforce with materials into products and services effectively with a view to maximise the profits of an organisation. The team related with operation management deals in attempting a cost related with business in balance manner with revenue to achieve the high level of net operating profits possible.
Function of business operation in relation to Bentley motors: Business operation relates with the area of management which deals with designing and controlling of the process involves with production and re-design business operation in relation of production ofproductsandservices.Thisprocessisprimarilyconcernswithplanning,organizing, supervising in relation to the manufacturing and production and provision relates with services here are the business operation functions of Bentley Motor limited is that: Production function: Sales function
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Process used by manager to identify strength , weaknesses, threats and opportunities A manager in company having the roles and responsibility of attaining the goals and objectives in most effective manner through determining and analysing the best decision by taking necessary decision-making steps. Manager with their ability and experience will operates business through proper operational functions . Industry like Bentley motor limited are dealing in large operation which relates with their numbers of competitors and other external environment which will impact the business in long run. Process for determining and analysing the internal environmenthere manager will operate in model like SWOT Analysis in which they will get to know about how the organisation are operating their business, what is their strength and what will be their weaknesses, how they will attain opportunities and what will be the threats in organisation.
Essential function of business management In the business management, a process of maintaining the elements function relates with business are considered with planning, organizing, leading and controlling will be operate by business manager in the formation of attaining the business objectives and goals timely and maintaining the operations through these elements. Planning considered to be the prior most role which have to be done by manager through strategically plan for their business in relation to company like Bentley they have to take care of their planning process by gets update on their rival market.
Continue Concept of team work in terms of human resource management : Teamwork is a collaborative efforts relates with group to achieve a common goals or to achieve the task in most effective and efficient manner. Framework related to organisation working pattern should be specific and clear to the organisation team members. Teamwork in the organisation defines with group of inter dependent individuals who work together in order to achieve a common goals and objective. Team dynamics just don't happen they takes times.
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Continue Team building, refers to develop a positive environment which deals in motivating the employees and provides them confidence to work accordingly for the company. HR will organise team discussion or meetingwithinunderperformingteamstoresolvetheproblemrelatedtoanycompanyissueand colleague’s conflicts etc. In the context of Bentley motors limited, HR will work on the basis of managing the team on the basis of any conflicts arise in this auto mobile industry. International market belongs with more hectic and work pressurized situation so to deal with that organisation have to develops activities which are more likely to provide relief to their employees through plays activities within the organisation.
Difference between a manager and leader: An organisation consists of various organisational department coordinating its respective activities for attainment of desired goals and objectives of the business organisation. Managers and leaders are the two terms that are used for the same terms in a corporate world. However, there is a difference between both of them. Leader of a firm is an individual that formulates various plans and strategies of the business firm. On the other hand, manager of a business firm is a person who manages and helps implementing various plans and strategies being formulated in an organisation.
CONCLUSION From the above report it can be concluded that various managers and leaders of the business firm plays a vital role in shaping various efforts being produced in the business firm towards attainment of desired goals and objectives of the workforce. They use various innovative techniques in order to pull best productivity of the firm for ensuring better delivery of product and services without hampering quality.
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REFERENCES Cosenz, F. and Noto, G., 2018. A dynamic business modelling approach to design and experiment new business venture strategies. Long Range Planning, 51(1), pp.127-140. Nishino, N., Takenaka, T. and Takahashi, H., 2017. Manufacturer's strategy in a sharing economy. CIRP Annals, 66(1), pp.409-412. Muhammad, S., Rosmaini, T. and Mehwish, R., 2017. Mediating Role of Innovation Strategy Between Porter’s Red Ocean Strategy and Innovative Performance. Advanced Science Letters, 23(9), pp.9239- 9242.