Managing Business Activities to Achieve Results - Assignment Example

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It comprises of some high technology business, and its rapid growth is based on creativity, innovation, excellence and commitment. Their expertise in simulation, modeling, human high…

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Managing Business Activities to Achieve Results

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Subject: Management
Type: Assignment
Level: Undergraduate
Pages: 22 (5500 words)
Downloads: 0
Author: webercristal

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The paper "Managing Business Activities to Achieve Results" is a wonderful example of an assignment on management. McLaren group was founded in the year 1963 and it had only one goal that was to ‘win’. It comprises some high technology businesses, and its rapid growth is based on creativity, innovation, excellence, and commitment. Their expertise in simulation, modeling, human high performance, and design engineering has made them cover different markets, such as sports, safety, system, and health.

Main Body Operations Management Defined Operations management can be defined as the management or control over the business practices so as to achieve the highest degree of efficiency possible in the system. The term is related to converting the labor and materials into goods and services through the most efficient process so as to enhance the overall profit for the organization (Slack, 2007, p. 145). Objectives of Operations and Operations Management The objectives of the operations and operations management are – Firstly, to provide adequate service by delivering the goods and services at the right cost, with the right specification, and at the right time.

Secondly, to achieve adequate productivity and resource utilization levels or can state to achieve adequate levels of materials, labor, and machine. Strategic Role and Strategic Planning for Production / Operations The strategic role of operations is that it facilitates the overall business activities starting from the product manufacturing to the delivery which results in profits for the firm. The strategic planning for operations or productions needs to be aligned with other activities of the firm such as marketing, finance, and engineering.

The planning is based o the operational planning of design or facilities and planning for the facility usage. Functions in Production and Operations Management The functions are aligned with the organizational goals and are focused on creating utilities in raw materials with the support of the conversion process.

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(Unit 15:Managing Business Activities to Achieve Results Level 5 Assignment, n.d.)
Unit 15:Managing Business Activities to Achieve Results Level 5 Assignment. https://studentshare.org/management/1818871-unit-15managing-business-activities-to-achieve-results-level-5-managing-business-activities-to-achieve-results-hnd-business

(Unit 15:Managing Business Activities to Achieve Results Level 5 Assignment)
Unit 15:Managing Business Activities to Achieve Results Level 5 Assignment. https://studentshare.org/management/1818871-unit-15managing-business-activities-to-achieve-results-level-5-managing-business-activities-to-achieve-results-hnd-business.

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