Management and Operations: Key Approaches, Importance, and Decision Making

This presentation provides an overview of management and operations, including key approaches to operations management, the importance and value of operations management, and the factors impacting decision making in management and operations.

Management
and Operations

Content
 Introduction
 Key Approach To Operation Management
 Importance & Value of Operational Management
 Factors Impacting The Decision Making
 Conclusion
 References

Introduction
Management and operations are the most
crucial step for an organisation that
assist business and its practices towards
accomplishment of goals and
objectives. The main motive of
management and leadership is to
convert raw- materials and labour into
goods and services that enhances
organisational profits and productivity.

Key Approaches To
Operations Management
Operation management perform and play an important role in a company as it
leads customers to perform different activities. The major concern about
operations management is to improve quality and effectiveness of products
through utilising available resources of organisation effectively. Moreover,
the main role of operations is to increase productivity by converting raw-
materials into finished goods

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Six Sigma approach- It work as an effective method which focus to improve
quality of product and service through identifying defects or loopholes that
generates barrier in organisation.
Lean production- The approach of lean production focuses to reduce the cost
of unnecessary procedures from all activities, action and distributing of
products.

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Total Quality Management- TQM
works as an effective approach
which helps organisation to
generate specific results that
improves quality of products and
services of ASDA and its
operations.

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Just in time approach- JIT assist an organisation to deliver all products in
minimum time period it determines due to globalisation aspects companies
are combating with each other on various factors. Therefore, delivery of
time is also recognise as competitive factor so to deal with this
management of ASDA deliver raw-materials within less time. So products
are formulated by organisation before their deadline and also deliver in
less time.

Importance & Value Of
Operations Management
Operations management is one of the most important function that manage all
operations and actions of a company to gain huge success in market.
Operation management relates with production about goods and services
of organisation that leads company to perform all activities within constant
manner.

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To achieve strategic objective- ASDA is performing their work with follow of
all rules and regulat
ions that leads management to accomplish their strategic objectives. This
refers ASDA enhance their market size with 30% in a period of 60 days.
Quality and innovation- Innovation is one of the most important aspect which
is supporting companies to increase their market size and sustainability in
market. Quality of products is important term for ASDA because it
generates loyalty of customers towards organisation.

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Social issue- From the recent years it is important for all retail companies to
perform their work as per view of society. This refers industry and companies
are competing with each other at global level. Therefore, organisation which
perform their work as per perspective of society are able to gain top position in
market. ASDA is also perform their work with perspective of completing task as
per customers perspective. In context of operations management of ASDA,
production manager generates more value in products through performing work
with consumer assumption and beliefs.

Factors Impacting The Decision
Making
External environment undertakes various factors which influence on operations
of business such as legal, culture, sustainability, stakeholders and climate
conditions.
Corporate social responsibility- CSR is defined as a self regulating theory or
model which is used for facilitating organisation actions and its operational
impact on society

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Culture- Organisation culture is internal as well as external factor for
management as it leads manager and leader to complete their task within
effective manner. Like in context of external factor it refer to the culture
which is followed by society and its residents.
Sustainability- The term sustainability refers to a factor and aspect which is
used for determining actual extent and degree for making an organisation
successful.

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ASDA perform their work by including
large number of stakeholders such as
employees, customers, investor, supplier
and transporter. It also refers to perform
all task and operations with positive
approach such as to complete all task
and operations by performing their work
with motive of generating positive and
negative outcomes from project.

Conclusion
In the last from the summarized report it is concluded that leaders as well as
managers of an organisation contributes various efforts to achieve their
goals and objectives such as motivating employees and formulating
effective strategy to complete all work effectively. Their are various
theories such as transactional leadership, transformational leadership and
contingency model to encourage employees for performing their work
with organisational plans and objectives.

References
Spandre, P. and et. al., 2016. Panel based assessment of snow
management operations in French ski resorts. Journal of Outdoor
Recreation and Tourism. 16. pp.24-36.
Krishnan, S. and Laporte, R. R., EMC Corp, 2014. Script language for
storage management operations. U.S. Patent 8,635,594.
Hitt, M. A., Xu, K. and Carnes, C. M., 2016. Resource based theory in
operations management research. Journal of Operations
Management. 41. pp.77-94.

Thank You