Marks & Spencer Operational Management: Approaches & Impact
VerifiedAdded on 2023/03/24
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Report
AI Summary
This report provides an analysis of operational management at Marks & Spencer (M&S), a company listed on the London Stock Exchange. It focuses on key approaches such as Six Sigma and Lean Production used by M&S to improve quality and efficiency by reducing waste and optimizing processes. The report highlights the importance of operational management in eliminating waste, improving the quality of goods and services, and enhancing business performance. It also discusses the role of leaders and managers in driving efficiency through motivation, organization, and coordination. Furthermore, it examines internal and external factors within the business environment that impact business activities, emphasizing the need for analysis and stakeholder consideration in decision-making. The report concludes that effective operational management is crucial for M&S to ensure efficient and effective goods and services activities while meeting client requirements.
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