Operations and Management: Ford's Operational Decision Making Strategy

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Added on  2023/03/24

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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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Operations and Management
(TASK 4)
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Introduction
Management is a process of administrating the operations
and activities related to a business organization. Operation
management refers to designing and implementation of
different systems and strategies for function the organization
more appropriately
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Factors Influence Operation
Management and Decision Making
This are the factors which often situated outside
environment and affect the decision making of a company
as well as other activities occur in Ford. There are various
elements which influence various parts of cited company in
which this report have eliminated those parts into different
sectors.
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Influence on Decision Making: In forming and
determining the decision making, leader’s requires
understanding the future needs present needs in Ford.
General Environment: These factors include the
elements which are including socials technological,
legal, economical, and environmental.
Source of Innovation: An entrepreneurial venture like
Ford affects the operation activities and administration.
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Source of Innovation: An entrepreneurial venture like
Ford affects the operation activities and administration of
them which also influences the elements of organization.
The trade has a lot of factors which provide them
innovation sources; a firm should undertake that source
to make the changes and influences accordingly.
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CONCLUSION
From the above report it can be concluded that management
and leadership both are different from each other as well as
relay on the same time which are significant part of an
organization There various function and role a manger play
in the smooth functioning of entire operations.
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References
Slack, N., 2015. Operations strategy. John Wiley &
Sons, Ltd.
Heizer, J., 2016. Operations Management, 11/e. Pearson
Education India.
Galindo, G. and Batta, R., 2013. Review of recent
developments in OR/MS research in disaster operations
management. European Journal of Operational
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