Comprehensive Analysis of Business Operations and Management Report

This report provides an overview of business operations and management, focusing on the core functions necessary for effective business practices. It defines business operations as the day-to-day activities involved in planning, developing, and managing a business to enhance profitability. The report delves into key functions, including accounting and finance for financial resource management, production of goods and services, marketing for promoting and selling products, and management for organizing and controlling tasks. It emphasizes the importance of each function in achieving business goals and maintaining customer satisfaction. The report references academic sources to support its analysis, offering a comprehensive understanding of business operations.

Introduction to Business Operations
and Management

What is business operations.
This can be describe as the business activities that are associated with day to day
practices. Business operation is the primary function of organisation which including planning,
developing and managing business practices. This is significant for increasing values of
organisation along with this enhance profitability (Das and Rangarajan, 2020). Business
operations can be define as practices which are necessary in order to perform daily practices.
Operation consist of different task and activities which are necessary for earning money. This is
essential part of business which should be performed in most effective and accurate manner. This
is significant function of business which needs to successfully and effectively performed by
organisation in order to attain desired goals and objectives. For example, Marks and Spencer
company operation includes developing products as well as providing services to customers. Day
to day activities of this companies is related to producing of products along with selling Business
operation of Marks and Spencer company is significant for successful and effective performance
of business as well as help in earning more revenues.
Main functions of business operations.
There are different functions of business operations that is significant for successfully and
effectively carry out required task and practices. Different functions of business operations are
mention below in detail - Accounting and finance – This function of organisation refer as measuring or monitoring
of financial resources in order to carry out business practices. This is essential function of
business which is significant for providing accurate budget to different business function
in order to successfully and effectively carry out required practices (Montgomery, 2020).
This is significant function of business operation as in this financial information can be
interpretative so that better decision can be taken. Productions - This function of business operation is related to production of products and
services. It is consider as important function as in this high quality of products and
services are produced which is as per the need and want of customers. Production is
essential part of business that will lead to meet with demand of customers and enhance
business revenues.
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 Marketing – It includes promotion and sales of products and services in order to increase
awareness of company offering in market area. Marketing function is responsible for
identifying customers need and want as well as attracting customers towards organisation
(Dang, Jasovska and Rammal, 2020). This is significant function of business operation in
order to develop strong relationship with customers as well as meeting with demand of
customers.
 Management – This function of business operation is related to managing activities and
task in order to successfully perform business task. Management function assist in
planning, organizing, direction as well as controlling different task. This is significant for
smoothly conducting organisational task and attaining desired goals.
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REFERENCES
Books and Journals
Das, M. and Rangarajan, K., 2020. Impact of policy initiatives and collaborative synergy on
sustainability and business growth of Indian SMEs. Indian Growth and Development
Review.
Montgomery, D.C., 2020. Introduction to statistical quality control. John Wiley & Sons.
Dang, Q.T., Jasovska, P. and Rammal, H.G., 2020. International business-government relations:
The risk management strategies of MNEs in emerging economies. Journal of World
Business, 55(1), p.101042.
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