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 paper File format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Business mangament
Read Text Preview

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 manufacturing process. For instance, bottle manufacturing company supplying bottles to soft drink producing company which is further used...
4 Pages (1000 words) Term Paper

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 innovating possibility...
10 Pages (2500 words) Essay

Business to business marketing

...?Running Head: Business-to-Business Marketing Business-to-Business Marketing [Institute’s Business-to-Business Marketing MARKETING COMMUNICATION TOOLS The business world employs a diverse range of marketing tools to promote their company and products and now this section will include discussion of a few to allow CCS to select the best out of them. These may include use of websites, brochures, and mailing (Armstrong & Kotler, pp. 23-29, 2008). The basic aim of using these marketing techniques is to achieve higher and higher sales, thus, making it all the more important for company’s success. This also emphasizes the importance of communication techniques, so much, so that the researches show that a good product can miserably fail...
12 Pages (3000 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

Business to business marketing

...? BUSINESS TO BUSINESS MARKETING Table of Contents Introduction 3 The Sales Force and Value creation 4 Retention Engagement Theory (RET) 5 Service Dominant Logic 5 Construal-level theory 6 Cultural models of value perception and experiences 6 Conclusion 11 References 13 Introduction Business is an integral part of life since it ensures that customers obtain the services and products they want and need. To diversify the means of ensuring that they can be able to provide the goods and services that are not within their reach so as to retain their customers, businesses had to device ways to meet their objectives and goals, thus business to business marketing emerged as a classic method to meet this. Blocker et al., (2012) asserts...
11 Pages (2750 words) Essay

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

The shop has only one receptionist. Each customer has to stand in the line to get a form. The form to fill is very comprehensive and time consuming. The receptionist won’t handle the next customer’s request until a current customer’s case has been closed (form is filled). The form contains a lot of questions but does not specifically ask the client what the problem is and what the next steps might be.
Lapy King only sells laptop computers and just takes the orders to repair broken laptops from the customers in the city centre. Then they deliver the item to the main repair company which is located in a suburb within a 15 Kilo meters distance.
Once they receive the broken item, they read the form, perform a quick diagnosis...
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

Business in Japan and South Asia

The Allies later overthrew it. ‘In the heyday of the main bank system, a stable system existed in which banks and other financial institutions mobilized and allocated savings in a high-growth economy regulated by controls over a loan, deposit, and bond issue interest rates.’ (Masahiko Aoki & Hugh Patrick, ‘The Japanese Main Bank System’ p 21).
The structure of the keiretsu was analogous to the tree layout or branched format. It was this very structure that also seems to have lent a lot of stability in the early years of its inception. Each major keiretsu had one particular bank as its primary funding nucleus. This bank lent a specific keiretsu’s member companies money because they held positi...
10 Pages (2500 words) Case Study

Business Management Framework in Educational Organizations

The organizational structure should be present to guarantee clear divisions of authority, responsibility, communication, and control. The second component is the generation of the organization situations for successful implementation such as culture, communications, reward and incentives systems, training, and control (Fonseca 2002).

Two basic theoretical paradigms to business management framework could be identified. The first puts considerable emphasis on structural frameworks to change and involves an issue with organizational design as well as the linkage between organization and environment. This point of view puts less importance upon human activity and the way individuals try to understand or make sense of the wo...
6 Pages (1500 words) Case Study

Business Finance: Activity Based Costing

At that time, the western manufacturing companies were facing serious competition from their Japanese counterparts. The Japanese automotive and electrical products were capturing the market by their low costs. That prompted the Western companies to innovate new costing techniques that would point out their problems and lower the costs. This reason was the main catalyst in the acceptance of ABC. There was resistance by the management of companies who viewed ABC as detrimental to their interests. In addition, the cost of the impletion of ABC was huge which further disinterested the companies. But what the industry was going through in terms of innovation and competition was enough to pave the way for ABC’s smooth transformatio...
7 Pages (1750 words) Case Study

Decisions in Paradise Business Scenario

This paper discusses solutions for the Kava case study along with an implementation plan.
Kava has topography and geographic location that makes it susceptible to natural disasters such as tidal waves, tsunamis, typhoons, hurricanes, floods, fires, volcanic eruptions, and earthquakes (Decisions in Paradise: How to Be, or Not to Be, 2009). There are other issues in Kava. The population is at high risk for Avian Flu and the population faces an HIV / AIDS epidemic. The island is susceptible to petroleum skills and is an undesirable business risk due to the potential ecological state of the entire island. The region is a high risk for both domestic and foreign terrorist attacks. The costs of importing raw materials into the islan...
6 Pages (1500 words) Case Study

Relevance of Kantian Approach to Ethics to Business

These duties Kant named as the categorical imperative (Bowie, 1999). Kant considered that the “basis for the categorical imperative was the reason” (Kant and Deontology). Categorical imperative Kant considered in different ways, for example:
Therefore Kant claimed that individuals follow laws of their choices. Human beings are free and choose themselves how to act, be moral, rational, etc. In compliance with Kant, the individual is autonomous; he lives his life basing on his intentions and reasons and doesn’t care about intentions and reasons of others (Kant and Deontology). There can be traced an idea that an individual as an ‘innocent’ object focused on his own intentions and reasons is of high...
6 Pages (1500 words) Assignment

The Impact of Culture in Overseas Business Transactions

Diversity in culture is eminent and is closely evaluated in terms of their impact and effect on business operations especially when negotiating business deals with overseas organizations. Culture affects people – their needs, wants, aspirations, all of which the leader must tap. The value of taking into account cultural dimensions in day-to-day operations of either multinational corporations (MNCs) or global organizations must be viewed by management as training grounds for business practitioners. The evolution of business organizations has transcended barriers due to the rapid technological advancement that occurred within the last century. The classifications and categories of enterprises continue to increase due to factor...
7 Pages (1750 words) Coursework

Business Ethis across Cultures

Issues of intellectual property protection, Issues of plundering knowledge, Issues of losing brain cheaply, Issues of a new colony, etc are some of the major issues to be considered when we consider China as a knowledge economy. These issues are really complicated and have more depth than we anticipate. Common wellbeing is the major aim of the economic reforms in China today. In fact, all the countries have the same motto; living and working together for the common good, enabling cooperation and mutual prosperity to coexist with healthy and fair competition. Since China is a heavily populated country, balancing the interests of a huge population is a difficult task; but it is necessary to avoid any social, economical, political or...
6 Pages (1500 words) Assignment

Does Corporate Responsibility Provide an Incentive for Business to Become Environmentally Sustainable

It is about fairness in dealing with the stakeholders and transparency and accountability in the organization’s operations. It is primarily based on the principles of Sustainable Development “that meet the needs of the present without compromising the needs of future generations to meet their own needs” according to Bruntland (1987).   The long term social and environmental consequences of the activities, rather than profit motive that should guide an enterprise in its business activities, taking into account the future generations. It is a comprehensive approach in relation to the policies, programs, and practices integrated into the organization’s operations in managing the business to create a...
10 Pages (2500 words) Coursework

Business Law: MAD-IDEA Case

Before a claim can be filed, however, Justine must establish the following conditions: a comparator of the opposite sex; the comparator performs the same kind of work as Justine, and; the comparator is employed by the same company as Justine’s (Blanpain et al, p.56). Evidently, all these conditions are already met by Justine with Thomas easily filling in the role of the comparator, as he is not only of the opposite sex but also an input data worker like Justine employed by MAD-IDEA.

Justine could either claim under “like work,” “work rated as equivalent,” or “work of equal value.” A claim under the “like work” provision of the Equal Pay Act 1970 is laid down in s 1(2...
9 Pages (2250 words) Case Study
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