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Introduction to Operations and Services

   

Added on  2021-02-18

11 Pages3205 Words476 Views
Introduction toOperations and services

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONOperation management id related to the effective process of administration concern to thebusiness activity that support to create the highest level of effectiveness and efficiency within anorganisation. This process is concerned with converting material and labour into different kind ofproduct and services that are helpful in maximizing the profit of business activity. This practicesof manager is done through a team that attempts to balance various expenses with the generatedrevenue to attain the highest net operating profit during an accounting year(McAlister, Stewart,Ferrua and McMurray, 2004).In business it is said that operation strategies refers to the methods adopted by companiesto reach and attain their predetermined goals and objective. It is the duty of manager to developoperational strategies that can be implemented by companies to analyse and examine andimplements effective and efficient system by making appropriate resources, workforce and themanner to do business operation. It is observed that various service oriented organisation alsoapplies basic operational strategies that help them to survive in long and short term corporatedecision and create an effective management groups. To understand the importance of operationmanagement strategies Watson engineering tooling company is taken. Manager of companyapplies various kind of business strategies such as corporate strategy, customer driven strategies,developing core competences, competitive priorities and product and services development thatare effective to attain the predetermined objective.MAIN BODYThere are various strategies which can help the management of company in order to buildthe effective and efficient management strategies of the survival of the business by makingimprovement in operations management strategy. Some of the strategies are as follows.Corporate StrategyCorporate strategies involves the evaluation of company's system of interconnected parts.Just as the muscles of the heart based on controlling body that is the brain and its functioning in ahuman body as same as in an organisation each department in a company depends on the maincontrolling or managing level to stay healthy and achieve desired goals. The additional crucialstrategies which are helpful for the organisation, as company uses should support the corporatestrategy and use across in functional interactions. Moreover, the corporate strategy is concerned

with how companies like Watson engineering tools company, to create the value across differentbusinesses or across the world in order to show the company brand at international level. It helpsin preparing the competitive strategy, it requires the organisation to invest in the valuableresources, or to prepare effective business portfolio and also design the organisation structure,system and corporate functions in more effective manner and share activities and skills across thebusinesses.(Earl, M., 2001).2

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