Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Business mangament - Essay Example

Comments (0) Cite this document
Organizational performance depends on the coordination of a number of activities, all of which are tailored the realization of organizational goals and objectives. These goals and objectives are developed based on the interests of the organization. All stakeholders that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Business mangament
Read TextPreview

Extract of sample "Business mangament"

Topic: Operations Management Affiliation: Organizational performance depends on the coordination of a number of activities, all of which are tailored the realization of organizational goals and objectives. These goals and objectives are developed based on the interests of the organization. All stakeholders that influence the functionality and performance of an organization are integrated to different levels of the activities undertaken by the organization. Operations management is one of the many activities that firms run in their business activities. Operations management is primarily concerned with designing and managing products and services, processes and supply chains in a firm (Kumar, 2006, p.110). The underlying objective is to meet client demand with the desired tastes and preferences.
Resource utilization is a critical aspect to monitor in operations management. The operations management purvey herein can take a number of forms, with the most commonly employed being strategic, tactical and/or operational. Activities that characterize each of the three depend on the operational decisions reached at an individual organization level. This is done by evaluating and assessment the market, customer base and the industry trends. The aim is to strike a long lasting relationship between stakeholders, so that the operational aspects of the firm are effective and efficient prior to the firm’s product and/or service line.
The focus of operations management is primarily rooted in fundamental players in the business environment. These players highly influence the functionality and success of firms’ business aspects. Operations management focuses on the customers, suppliers, shareholders, employees and the society (Kumar, 2006, p.153). Customers are the main driving factor in the market. This is because they create market demand, prompting supply of products and services. In the case of shareholders, organizational welfare consequently influences shareholder wealth. The employee aspect of operations management accounts for working conditions at the workplace. Through corporate social responsibility, operations management integrates the society into the firm’s operations. This is done to ensure that business activities by a firm do not affect the society negatively.
Based on the interests and the focus of operations management, five specific objectives are pursed. These are: quality, speed, dependability, flexibility and cost (Khanna, 2007, p.382). Quality addresses product and/or service specifications conformity. In other words, the quality of products and/or services offered to the customers should meet specifications associated with good quality. Poor quality products are cheap, but few customers are willing to buy them. In pricing products, quality and price should be matched, so that customers value the products relative to the price charged. Operations management also seeks to increase the speed of firm response. This is in regard to demand and supply aspects. That is to say that the demand in the market should be quickly and effectively met.
Dependability relates to the firm-customer relationship and interaction. Dependability takes both internal and external aspects. Externally, dependability is defined by the level to which firms are considered reliable by the customers. That is to say, firms are expected to act on customers deliveries in due time. Operations management accounts for this aspect in a bid to create customer trust. Internal dependability is determined by the strategies employed by the firms to ensure a smooth flow of products and services between the time they are demanded and when they are delivered. In terms of flexibility, operations management is perceived to be a diverse and dynamic process. It is subject to change, influenced by market trends and strategies employed to account for the trends. Finally, the cost objective of operations management is to create maximum benefit at the lowest cost possible. The benefit herein refers to the welfare of all stakeholders in the operations activities of an organization.
Khanna, A, (2007), Production and Operations Management, London: PHI Learning Pvt. Ltd.
Kumar, S, (2006), Production and Operations Management, London: New Age International. Read More
Cite this document
  • APA
  • MLA
(“Business mangament Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Business mangament Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Business Mangament Essay Example | Topics and Well Written Essays - 500 Words)
Business Mangament Essay Example | Topics and Well Written Essays - 500 Words.
“Business Mangament Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business mangament

Business to Business Marketing

...? Business To Business Marketing Introduction Business to Business, also popularly known as B2B, basically refers to the commercial transactions between two organizations. Business to Business marketing is concerned about selling or purchasing of goods or services with a motive to support the operations of other firm or to support production of other firms’ products or even for resale purposes. It is worth mentioning here that an organization which is involved in Business to Business operation produces goods that is further used as the raw materials or helps the other organizations (customers) in their...
4 Pages(1000 words)Term Paper

Business to Business Marketing

...? Business to Business Marketing Table of Content Answer1 3 A)Advantages and Disadvantages of trading block 3 Advantage 3 Disadvantage 4 B)Influence of trading bloc in B2B business 4 Answer2 5 A)Concept of added value in B2B market 5 B)Difference of B2B market and B2C market 7 C)Example of B2B and B2C market 9 Answer3 10 Difference of pricing strategy in B2B and B2C market 10 Supplier are the price makers in geographic market segmentation 12 Referencing 13 Answer1 A) Advantages and Disadvantages of trading block Advantage A trade block represents a group of countries who make an agreement among themselves that they will not trade with the countries except the member countries. It is an...
13 Pages(3250 words)Essay

Brand mangament

...cleanse and detoxify the body from the adverse impact of internal parasites in the human body. Company XYZ does not want to compete with other renowned companies trying to promote dietary supplements even though the product it is promoting belongs to the same category. The reason is that Latigo-S is a product that is labelled dietary supplement, but unlike any other products of the same category, its main function is not to directly boost the immune system but to kill internal parasites of the human body. Company XYZ continuously conducts significant market trials for their product offering as they continue with their research strategy for ensuring a sustainable market for Latigo-S. Currently, the company is busy...
10 Pages(2500 words)Essay

Boeing Supply Chain Mangament for the 787

...? Boeing 787 Introduction This topic is chosen because just the previous week Boeing proclaimed that it was obtaining the commerce and operations demeanor by Vought Aircraft Industries in the South Carolina facility. This is where Vought constructs the back fuselage and extension-cone sections] for the airplane 787 Dreamliner airplane. The company’s boss, Jim McNerney, articulated that In spite of a number of growth programme tests, the company is strong and is growing tougher, and it is expected to continue development in the financial outcomes in 2008 and further than that. The corporation, in matters of business aircraft, had verified sales in 2007 having 1,413 sales contrasted with Airbus's 1,341. This is noteworthy because... ...
3 Pages(750 words)Term Paper

Anger Mangament for Agressive Offenders

...? Anger Management for Aggressive Offenders Table of Contents Anger Management for Aggressive Offenders Instructor 1 Course 1 Date 1 Table of Contents 1 Introduction 2 Characteristics 3 Current Treatment Approaches 4 Treatment Focus 5 Theory and Research 6 Conclusion 6 Introduction Among other issues in prison, aggression and anger has been a problem to deal with in prisons for a long time. The universal decision to have anger therapy programs in the prison was majorly stimulated by concerns of prison management considering the elaborated and aggressive behavior of the offenders. The Home Office reported increased figures of disciplinary cases as a result of aggression and anger. The statistics gave the prison managers more... Anger...
5 Pages(1250 words)Research Paper

Mangament Accounting

...Task one: The production cost of products is determined by adding up direct labour cost, direct material cost and the manufacturing overhead costs, direct labour costs and direct material costs can be traced to the product while manufacturing overhead costs cannot be traced to the product. For this reason therefore manufacturing companies apply overhead rates on each product produced in order to determine the cost of a unit of the product produced. There are various methods that are used in assigning overhead costs and this include job order costing, activity based costing and the traditional costing method. For York furniture in the manufacture of job 123 and job 124 we apply the job order costing method, however we also note... one: The...
12 Pages(3000 words)Assignment

Clinical mangament plan and nurse prescribing of patient with urinary tract infection

...Clinical Management Plan and Nurse Prescribing: Patient with Urinary Tract Infection YOUR Clinical Management Plan and Nurse Prescribing: Patient with Urinary Tract Infection Introduction and Brief History The nursing profession has developed significantly over the course of its existence, particularly in the last two decades. The fact that there are more nurses than doctors has initiated additional duties and opportunities for nurses. In fact, according to Tina Donnelly, the Director of the Royal College of Nursing in Wales (2006: 29), nurses are “the largest single staff group in the NHS.” This is one reason why the practice of nurse prescribing has been advanced; there is simply a better standard of care available... Management Plan and ...
12 Pages(3000 words)Essay

Strategic Information System mangament

...or confirm the solutions online and pay for the new device using online banking. A delivery time and place will be notified to the client and they will confirm it online. CATWOE An online application to handle multiple orders at the same time from clients with hardware problems, in order to save time for both actors and customers. C: Customers with broken laptops. A: Repair and delivery personnel T: Fixing a broken laptop with minimum delay W: The belief that time is highly valuable for customers who use their personal laptops in business environments. No delay must happen when a laptop is to be repaired. O: lapy king and main computer repair company E: Standards set by the laptop manufacturers Conceptual model The...
9 Pages(2250 words)Essay

International Human resource Mangament

... policy will also be an added advantage to the company since people will feel their needs are being addressed and hence become comfortable with working with the company (Caligiuri, Lepak and Bonache, 2010). References Adekola, A. and Sergi, B. (2007). Global Business Management: A Cross-Cultural Perspective. New Jersey: Ashgate Publishing Ltd. Caligiuri, P., Lepak, D. and Bonache, J. (2010). Managing the Global Workforce. New Jersey: John Wiley and Sons. Harzing, A. and Pinnington, A. (2012). International Human Resource Management. Washington DC: Sage.... Human Resource Management Affiliation: What are the key issues of diversity management in this case study and how are they manifested? One of the issues is the gender balance of the senio...
1 Pages(250 words)Case Study

Simulation Exercise: Cost Leadership and Differentiation Strategies

...Tour Through The Wilds of Strategic Mangament. New York,NY: Simon and Schuste. Morris, D. (1996). Market Power and Business Strategy: In Search of the Unified Organization. Portsmouth: Greenwood Publishing Group. Verweire, K. (2014). Strategy Implementation. New York,NY: Routledge. Kelchner, L., & Media, D. (2013, April 23). The Advantages of a Product Differentiation Julie. (2014, May 7). Cost Leadership and Differentiation; An Investigation of the Fundamental Strategy. Retrieved March 15, 2015, from Chron: Geller, L. (2013). Why A Brand...
12 Pages(3000 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Business mangament for FREE!

Contact Us