Management and Operations: Effectiveness and Objectives Report
VerifiedAdded on 2023/01/13
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Report
AI Summary
This report provides an overview of management and operations, emphasizing their parallel importance for business growth. It explores key operational functions, including planning, organizing, coordinating, and controlling. The report details the roles and responsibilities of managers within these functions, highlighting the significance of operational approaches such as lean production and Total Quality Management (TQM). It analyzes the impact of external business factors, including political, economic, social, and technological influences, on managerial decision-making. Furthermore, the report examines how operational effectiveness contributes to achieving firm objectives, particularly through democratic leadership styles. The conclusion stresses the critical role of effective management and operations in competitive business environments. The report includes references to relevant academic sources.
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