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Management and Operations: Approaches, Importance, and Factors

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Added on  2023-01-13

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This presentation provides an overview of management and operations, including different approaches to operations management, the importance and value of operations management, and the business environment factors that affect decision making. It also explores the roles of leaders and managers in operational activities. Course: Management and Operations

Management and Operations: Approaches, Importance, and Factors

   Added on 2023-01-13

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Management and Operations
LO3 & LO4
Management and Operations: Approaches, Importance, and Factors_1
Table Of Content
Introduction
Operational management approaches
Importance and values of operations management
Business environment factors
Conclusion
Management and Operations: Approaches, Importance, and Factors_2
INTRODUCTION
Operations management is the
business practices which help the
managers to evaluate possible
efficiency within business
operations. It is the basic process
of converting raw material into
finished goods and also ensure
that, they generate maximise
output in comparison to actual
input.
Management and Operations: Approaches, Importance, and Factors_3
Key approaches to operations management
There are different kind of approaches
which are undertaken into account by
organisation to maintain operational
activities of company effectively.
Lean production: This is the kind of
approach where organisation focuses on
cost cutting while maintaining quality. It
is used in every aspect of business from
design, through production.
Management and Operations: Approaches, Importance, and Factors_4

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