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

Management & Operations

Table of Content
• Introduction
• Key approaches to operation management
• Importance and value of operation management
• Factor within business environment that affect decision making
• Conclusion
• References

Management and operations is termed as a process that include reviewing and
controlling of organizational functions that are related to the process of manufacturing
of services and products. This process involves raw material conversion into end
products as well as services as to create value form them and generate profitability.
This process is mainly concerned towards proper maintenance of organizational goods
as well as services and maintain systematic form of balance among revenue and cost of
entity.
Introduction

There are different kind of operational activities are used by the management of the company to
improve its channel of distribution in a well define manner.
TQM: This refers to total quality management which is used for the long term success through
customer satisfaction. In TQM all the members of company participate in improving process, product
service and the culture in which they work. This method help in minimizing the cost and tend to
provide high quality outcomes. For Tesco the management should implement such kind of
management tool as this will aid organization to increase the awareness regarding the quality culture
within the organization.
Key approaches to operations management