Introduction to Business Operations and Management

Introduction to Business
Operations and Management

Table of Contents
INTRODUCTION................................................................................................................................3
Main body.............................................................................................................................................3
a) functions of business operations..................................................................................................3
b) introductions to the chosen company Tesco................................................................................5
c) operations management decisions of Tesco.................................................................................5
d) the companies current situation and the way in which it can improve........................................6
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................8

INTRODUCTION
a) The definition of business operation can be stated as the every activity that happen in a company
in order to keep a company running along with earning money. For the functioning of the
organization, the need of processes, people, equipment and systems are been understood by the
owner of the company and it further dedicates the different operations in the company according to
the business plan.
The significance of business operations can be described as, business operations helps in building of
right foundations of the business by allocating tasks to the members of the team which should be
dedicated to common goal and will bring out a great difference in the business results (Choi, Chan
and Yue, 2016). The importance of business operations is to maximize the potential of the company
by working together with the team to make the processes smooth with the excellent outcome of the
business. Furthermore, any arise problem will be got solved by the employees if the company is
possessing excellence in operations of the business. Thus, business operations helps in problem
solving. Additionally, saving time is the another importance of business operations, as for attaining
excellence in business different business operations are applied, and implementations of effective
business operations will results in saving of time in the conduction of process to reach to the results.
b) in this report it has been discussed the definition of business operations followed by the
significance of business operations. Furthermore, the report describes the various functions of
business operations that are present in the organization, which is been followed by the brief
introduction of the chosen company (Korauš and et.al, 2019). For this report the company chosen is
Tesco, which is one of worlds largest retailer company. Moreover, in this report it has been
discussed the operations' management decision by the company Tesco. The current position of the
company along with the recommendations to company which the company should adopt in order to
bring future improvements as well as for the sustainable development of the organization.
Main body
a) functions of business operations
Performance of operations of the business are in the hands of stakeholders and founders of the
company, and these functions are subjected to change. The adaption as well as overseeing of
business operations is been changed by the leaders depending on the level of effectiveness and
streaming, departmental responsibilities and on human capital inventory. Therefore, the main
functions of business operations are as follows reviewing performance contracts by ensuring
compliance, guiding and monitoring the third party do as to cooperate with them with due diligence,
management of process for budget and planning, at department or strategic level, performance
maximizing by establishment of balances within various group & department, processes of