Operations Management: Approaches, Leadership, and Elon Musk's Impact

Desklib provides past papers and solved assignments for students. This presentation analyzes operations management and leadership.

TASK 3
MANAGEMENT
AND
OPERATIONS

TABLE OF CONTENTS
 INTRODUCTION
 LO 3
 LO 4
 INDIVIDUALS CAREER OVERVIEW
 RECOMMENDATIONS/SUGGESTIONS
 CONCLUSION
 REFERENCES

INTRODUCTIO
N
Operations management is the necessity
There are different approaches for OM and hence roles
and responsibilities of the leaders and managers
In addition to this, there are different factors from
internal and external environment that impacts upon
OM
So, to understand the concepts and application of
operations and management, this presentation has
been developed
In addition to this, the roles and responsibilities of the
leaders and managers has also been involved in this
document

P4 KEY
APPROACHES
TO
OPERATIONS
MANAGEMENT
 Operations and management have
numerous approaches like
 Six Sigma
 Lean Management
 Total Quality Management
 Kaizen
 Just in Time
 Agile

THE ROLE THAT LEADERS AND MANAGERS
PLAY
 Leaders and managers are the
supporting and building blocks of
any organization
 In terms of OM, they have several
specific tasks to compete
 They are responsible for quality,
supply chain, profitability, growth,
employee motivation, customer
retention and several other aspects
within any business and hence are
important part

P5
IMPORTANCE
AND VALUE OF
OPERATIONS
MANAGEMENT
IN ACHIEVING
BUSINESS
OBJECTIVES
 Operations management is becoming the
necessity of any organisation to maintain
the law and order for all the tasks,
production systems, customer relations
and satisfaction, building trust, creating
high profits, reduce the waste and hence
costs to the company, manages time,
enhances the staff growth personally and
professionally and many more aspects
become profitable through effective use
of the OM practices accordingly.

M3 EVALUATING
HOW LEADERS
AND MANAGERS
CAN IMPROVE
EFFICIENCIES OF
OPERATIONAL
MANAGEMENT
TO
SUCCESSFULLY
MEET BUSINESS
OBJECTIVES
An Operations Manager is Realistic
They look for efficiency
Focuses on quality
Leaders are Effective at Supply Chain
Management
Leaders Do Not Manage; They Lead

D2 CRITICALLY
EVALUATING
APPLICATION
OF
OPERATIONS
MANAGEMENT
AND FACTORS
THAT IMPACT
ON THE WIDER
BUSINESS
ENVIRONMENT
 To remove the challenges from
external environment
 To manage the value and brand
equity in the markets
 To improvise the supply chain
 For deploying cost reduction ways
 Factors are
 Political imbalances
 Financial stability
 Additional support

P6 ASSESS THE FACTORS WITHIN THE BUSINESS
ENVIRONMENT
THAT IMPACT UPON OPERATIONAL MANAGEMENT AND
DECISION-MAKING BY LEADERS AND MANAGERS
 OM and decision making of the leaders and managers is affected
by several aspects like
 Strengths and weaknesses of the company
 Financial stability o the company
 Political system of the demographic location
 Internal organizational culture
 Dedication of the workforce and at the same time employee
engagement

M4 ANALYSE HOW THESE DIFFERENT FACTORS AFFECT
THE BUSINESS ENVIRONMENT AND WIDER COMMUNITY
The previously
mentioned aspects wider
society in terms of
company’s value, market
position, brand
recognition and some
related aspects
In addition to this, since
the role of stakeholders
is always very vital in
any organisation they
have to be maintained
effectively
The wider societal affect
of the factors can even
create new opportunities
for the business and
rather create some
hinderances

D2 CRITICALLY
EVALUATE
APPLICATION OF
OPERATIONS
MANAGEMENT
AND FACTORS
THAT IMPACT
ON THE WIDER
BUSINESS
ENVIRONMENT
Politics – generally adverse
Economics – moderately adverse
Technology – positive
Leadership and management – highly
positive
Society – both positive or negative

OVERVIEW OF THE ELON MUSK
AND HIS CAREER
 Name – Elon Musk
 Companies – Tesla, SpaceX, PayPal
 Net Worth - $20.2 billion (2017)
 Education - He left in 1992 to study business and physics at the
University of Pennsylvania, graduated with an undergraduate
degree in economics, PhD in energy physics