This presentation discusses the key approaches of operation management and their importance. It also explores the impact of external environmental factors on operation management. References are provided for further reading.
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INTRODUCTION KEY APPROACHES OF OPERATION MANAGEMENT IMPORTANCE AND VALUE OF OPERATION MANAGEMENT IMPACT OF EXTERNAL ENVIORNMENT FACTORS ON OPERATION MANAGEMENT CONCLUSION REFERENCES TABLE OF CONTENT
Operation management is the activity which takes into consideration management of all the activities which are related with the manufacturing process within the company. The current presentations will discuss about the key approaches of management operations. INTRODUCTION
Role of leaderFunction of manager Focusing on peopleEmphasizes on doing right thing Inspiring othersPlanning to implement mission set by leader Formulating mission and visionControlling all activities in direction of achievement of organizational goal Motivating othersAbiding by all rules and regulations Coordinating all activitiesDirecting all employees their role and responsibilities. ROLE OF LEADER AND FUNCTION OF MANAGER
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Role of leader in Jaguar In the operation and management of Jaguar the role of leader is very important. This is necessary because of the fact that they help in devising the direction in which all the efforts of the company will be made. Function of manager in Jaguar On the other hand the manager of Jaguar is responsible to oversee that all the plans made by the leader of company are put into action in correct manner. If the actions are not in correct manner then the manager need to take measures for coordinating all the activities of different departments. CONTINUE..
ManagementLeadership This is the art of getting things done with help of other people in effective and efficient manner. This is the act of leading and directing and combining effort of each and every member so that overall organizational aim can be attained. The management perform the function of planning, organizing, staffing, directing and controlling. The leadership perform the function of defining the objective of the business and in accordance to it making the work planned in such a manner that is result in attaining of objectives. The management traits are like problem solving, deliberate, authoritative and many others. The leadership traits are like visionary, passionate, creative, motivating and many others. CONTINUE..
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The operation management is the process of taking care of all the business practices which are being undertaken by the company in order to manage its production and manufacturing process. For this Jaguar uses the following techniques- Total quality management Lean manufacturing Just in time Kaizen KEY APPROACHES
Total Quality management- •TQM is the approach of operation management which is helpful for the company in managing the quality the production process for Jaguar. •This is system which focuses on the overall quality of the product since the raw material is brought in the company till the final goods are sent to the consumer for final consumption. •This is a consumer focused approach which states that the quality of the goods and service must be high because if this will be high then the consumers will like it. •Thus, this approach is applied by the manager of Jaguar by using the high quality raw material so that it results in better quality products. CONTINUE..
The operation management is the process through which the company takes care of all the steps which are taken for producing the product and service by the company. This is very necessary because if the goods and services of the company are not up to the mark then the consumers will not like the product and services of the company. Increase in goodwill Motivation of employees Optimum utilization of resources IMPORTANCE
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Another major importance is that if the operation management will be effective then this will help the company in improving the morale of the employees. This is majorly because of the reason that if the company will have large base of consumer then the employee will be happy that the company is growing and if they will work with more efficiency then this will increase the motivation of employee to work in more effective manner. Thus, this will motivate the employees to work in more effective manner so that this attracts more of the consumers. CONTINUE..
There are many different factors within the external environment which hampers or affect the working of the company because the business exists in environment which is very dynamic. Thus, all these factors and changes taking place in its impact the working of Jaguar and decision making of manager of Jaguar. Corporate social responsibility Ethics sustainability EXTERNAL FACTORS
Corporate social responsibility- •This is a major factor in the external environment which impact decision making of manager of Jaguar. •This is majorly because of the reason that if Jaguar does not take into consideration the protection of society and environment. •Then the consumers will not like the company and will not use the product and services of company. •Thus, this will reduce the goodwill of company as its operation management is not good. CONTINUE..
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ElementsDescription PoliticalThis has negative impact over working because there is much instability in the political environment of country and also there is high impact of Brexit over working of company. EconomicThis has a positive impact over working of company because of the reason that purchasing power of consumers is increasing and they are getting attracted towards luxury vehicles. SocialThis is also positive because the consumer trend is increasing towards the use of high end luxury automobiles. PESTLE analysis
ElementDescription TechnologicalThis has both negative and positive impact over working of Jaguar because implementing technology will increase the efficiency but will also increase the cost of company. LegalThis will have positive impact because all laws will help company in getting a direction of working. EnvironmentalCaring of environment will also have positive impact because of the reason that this will be much liked by the consumers. CONTINUE..
The above study summarised that operation management is very important for the success of the company because this ensures effective making of the product and services. This is majorly because of the reason that the operation management is very helpful in proper utilisation of resources and providing quality services to consumers. CONCLUSION
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Radosavljević, J., Jevtić, M. and Klimenta, D., 2016. Energy and operation management of a microgrid using particle swarm optimization.Engineering Optimization,48(5), pp.811-830. Yi, Q., Shen, Z. and Lei, D., 2019, February. Research on Evaluation of Operation Management Efficiency of Listed Companies in China’s Financial Trust Industry Based on SFA Model. InInternational Conference on Application of Intelligent Systems in Multi-modal Information Analytics(pp. 982-989). Springer, Cham. REFERENCES