Management and Operations: Significance, Approaches, and Impact

Management and
Operations

Table of content
 INTRODUCTION
 Significance of role by leader and manager to achieve business objectives
 Approaches of operation management within organization
 CONCLUSION

INTRODUCTION
 Management and operation are considered one of the most essential business development
parameters that supports to lead high profitability in the business.
 Management is the strategic approach of the business that helps to lead high change with
business to meet demand of global market.
 Management is responsible to align all business operations effectively so that organization
achieves it’s all goals within timeframe.
 To understand role of management and operations has an example of Barclays Plc company.

Significance of role by leader and manager to achieve business objectives
 Leadership and management are both effective approach which plays effective role in the context
of business. In the case of Barclays plc managers and leaders are works in collaboration to take
effective decision in the context of organization welfare.
 Barclays has large workforce along with more than thousand of staff in the organization within
different functional units. It has adopted diverse culture at the workplace so that can achieve
wide number of busines objectives accordingly scenario.
 However, leaders and managers play efficient roles in the organization development such as
resource allocation, recruitment and selection criteria, training and development and performance
assessment etc. which are further helps to achieve all defined objectives in the business.