We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Operations management and its role - Essay Example

Comments (1) Cite this document
Summary
Operations management can be defined as an art that covers the future forecasting, designing, redesigning and strategic planning for goods production and services delivery in the context of an organization. …
Download full paperFile format: .doc, available for editing
Polish This Essay97.2% of users find it useful
Operations management and its role
Read TextPreview

Extract of sample
"Operations management and its role"

Download file to see previous pages A fast food business has the ability to deliver a large quantity of food within a short duration of time. It also delivers the convenience of fast services and research shows that people are willing to forego quality for convenience. When a customer takes the food away it enables them to enjoy readymade food with comfort. Its market segment targets the middle and low class earners who contributes up to 70% of the population locally. This population includes university students, graduates and small sized businessmen. In struggling and development stage, they normally target the young and old-aged masses and since these age groups are present in largest population, they are able to develop and maintain a large market share. With all these competitive factors, they have managed to penetrate the local market successfully. A traditional sit in restaurant success can be attributed to the fact that it has two defined market segments. This is to say that their potential market is not differentiated. However they also compete against other market segments within the market environment with fast food outlets. They focus on high income families and business meetings to create a strong market and tap potential customers. (Richard & Colin 1992) Competitive Advantages and Priorities: In this regard, ( Irwin McGraw-Hill,2000 ) Terry Hill, a professor at London Business School presented the theory of Order winners and Order Qualifiers, which explains the process of how an internal functioning body designs its strategies to meet the competitive challenges and market success. Order winners and Order Qualifiers can be dealt separately if an investor has a low budget. According to theorists, Qualifier and winners have different aspects for business. If Qualifying is an objective, than a product has a quality of being considered by the customer which leads to the same standard of the product as your competitors have it. When it comes to Order Winning then a product must hold some extra ordinary specs than your competitor’s product to win the bid, which definitely requires more investment to maintain high standards. An investor must meet the requirement of Order Qualifier otherwise it can lead to a total loss. Whereas it is also required to keep a watch on the cost of production, otherwise it can lead to excessive increase in price, which again will divert the customers to an economical product. Research was carried out Sven Horte and Hakan Ylinenpa, which tells that unfortunately a wide gap is seen between product managers and customers which leads to a negative sales. When a product holds similar opinions between managers and customers, it is considered to be a “fit” product and ideal for sales growth. In relevance to our subject, a fast food outlet can get successful in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operations management and its role Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved de https://studentshare.org/business/1390708-operation-management
(Operations Management and Its Role Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/business/1390708-operation-management.
“Operations Management and Its Role Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/business/1390708-operation-management.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
sw
swiftalford added comment 3 months ago
Student rated this paper as
I never thought 1500 words essay could be written in such a free manner. I loved the background of this essay. Will definitely use it for my own work!
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Operations Management
Difficult circumstances in a project refer to situations that are not part of the plans and have not been part of the normal course of events. These situations need outright decisions from the operations manager and from the people in the field, or those who are in direct contact with customers.
6 Pages(1500 words)Essay
Operations Management
This research is being carried out to define operations management and to investigate the following: scope of responsibilities of an operations manager; operations management reconstructed; planning and control techniques; scope of planning and control; planning and control in a manufacturing concern and in a service business.
8 Pages(2000 words)Essay
Operations Management
The operation manager makes strategic decisions and important business plans on short and long term basis. Operation managers monitors activities from production to distribution while making master schedule for short -term and long -term strategy. The plans and strategies of an operations manager depend on the demand a particular business service or product hold.
5 Pages(1250 words)Essay
Operations Management
In essence, the area of operations management involves whole responsibility of ensuring that the business activities and processes are efficient (EDITORS OF TIME OUT, 2011). The efficiency can be ensured by proper utilization of resources to avoid wastage and achieve the desired goals, which should be inclined to clientele demands.
6 Pages(1500 words)Essay
Operations And Operations Management
In whichever case the operations classification will offer the alteration of positive inputs, such as resources and employment, into firm outputs, any of products or services. Therefore, the operations purpose can be eminent from the other major purposeful divisions of an organisation, for instance marketing, finance, human resources, and accounting, which are not as much of very important for the organisations accomplishment but which are in smaller amount straightly associated to the organisation 's day-to-day recreation of its chief business.
14 Pages(3500 words)Essay
Operations Management
According to Nigel, Chambers and Johnston (2010, p. 1), all organization; be it small or large produce some services and product either for profit or not for profit. Consequently all these organizations require operations management which is concerned with creating products and services.
8 Pages(2000 words)Essay
Role of Operations Management Paper
It is linked by means of organizing the procedure that adapts contributions in the shapes of labor, materials also energy into production like services and goods. This research is about the detailed analysis of the operations
4 Pages(1000 words)Essay
Operations Management
UAE is less developed nations as compared to European nations and the implementation of the OM makes the overall organizational management and handling in the business easier.
10 Pages(2500 words)Essay
Operations Management
At any one time, there are a hundred and one individual brands of good or services within reach, from the denim pants we are wearing to the cable program we are currently watching. Taken for granted is how this
10 Pages(2500 words)Essay
Operations management
It is recommended that the quality of food prepared in the kitchen be improved further so as to enhance customer satisfaction. The kitchens should also try to achieve a higher Michelin rating for the
10 Pages(2500 words)Essay
Let us find you another Essay on topic Operations management and its role for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us