Operations and Management: Ford's Operational Decision Making Strategy
VerifiedAdded on 2023/03/24
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Report
AI Summary
This report examines the principles of operations and management, with a specific focus on decision-making processes and strategies within a business context. The report explores the factors that influence operational decisions, including both internal and external elements such as social, technological, legal, economic, and environmental factors. A case study of Ford is used to illustrate these concepts, analyzing how the company approaches decision-making in its operations. The report highlights the significance of innovation and its impact on operational activities. It also distinguishes between management and leadership, emphasizing their interconnectedness in achieving organizational goals. The report concludes by summarizing the key takeaways regarding the importance of effective operations management and decision-making for organizational success, referencing academic sources such as Slack (2015) and Heizer (2016).
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