FUNCTIONS OF MANAGEMENT Planning It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ‚ “Planning is deciding in advance - what to do‚ when to do & how to do. It bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning
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Introduction Operation management focuses on carefully managing the processes to produce and distribute products and services. Overall activities of operational management include product creation‚ development‚ production and distribution. Related activities include managing purchases‚ inventory control‚ quality control‚ storage‚ logistics and evaluation (schmenner‚1985). Operational management often includes substantial measurement and analysis of internal process. Ultimately
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Management and business organization NOTES: Chapter 3 Introduction: 1. What is an organization: Consists of two or more people that have consciously arranged to create a basis from which to function on a regular basis to achieve a common goal. Despite differences the four common factors that organisations share are: people‚objectives‚ structure and management. Watson refers to 3 aspects of organisational life: o Importance of creative‚ critical and situation defining characteristics of the
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strategy‚ but modern quality methods like total quality management (TQM) and just-in-time (JIT) also promote low-cost and response strategies. By only keeping max 2 brands per product and only 700 products in ALDI’s stores the makes sure that stock moves fast and the possibility for old stock is very slim. ALDI also has a standard design for the entire group of stores‚ although where other countries and cultures are ALDI’s adopts it to the country which in turn shows respect for other cultures. This
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What is operations management? Operations management is an area of management concerned with overseeing‚ designing‚ and controlling the process of production and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed‚ and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms
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Write a critical review of the book "It’s not Luck" by EM Goldratt from an operations strategy perspective. The emphasis of your review should be on principles of good operations strategy and should NOT just be a summary of the book. Table of Contents 1. Preface 3 2. Introduction to Business Strategy and its Operations Strategy 3 3. Levels of Strategy 4 4. Executive Summary of It’s Not Luck 6 5. Principles of Operations Strategy 7 6. Conclusion 9 7. References 10 1. Preface
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GKM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF MANAGEMENT STUDIES BA 9221 OPERATIONS MANAGEMENT TWO MARK QUESTIONS Unit I 1.Define Production Management It is the process by which raw material and other inputs are converted into finishedgoods. 2.What are the needs or Objectives of Production Management. To manufacture the products as per the specification To effectively manage the available resources and facilities To produce products as per the market requirement . 3
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Critical Review Seite 1 von 18 Organizational Story and Storytelling: A Critical Review By Mary E. Boyce‚ PhD‚ Asso. Professor‚ Dept. of Management & Business‚ Whitehead College‚ University of Redlands‚ P. O. Box 3080‚ 1200 E. Colton Avenue‚ Redlands‚ CA‚ USA 92373 voice: (909)335-4068 fax: (909)335-5125 e-mail: boyce@uor.edu Accepted for publication in the Journal of Organizational Change Management ‚ 1996‚ Volume 9‚ Number 5 Acknowledgement: The author wishes to thank David Boje‚ Will
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Saint-Gobain Containers Andrew Vaccarezza Ryan Russell 05/17/2007 INTRODUCTION 3 BACKGROUND 3 STUNNING FIGURES 4 OPERATIONS OF THE GLASS MAKING PROCESS 5 RAW MATERIALS 5 MELTING 6 CONDITIONING 6 FORMING 7 ANNEALING 8 INSPECTION 9 PACKAGING 10 CONCLUSION 10 Introduction Saint-Gobain Containers is one of the leading glass packaging companies for the food and beverage industry. Employing over 4‚000 people and having 14 locations in North America‚ Saint-Gobain Containers
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experience)‚ supporting (the shop‚ restaurant‚ coffee and ice-cream parlour) and facilitating (parking) processes which all need to be designed. The design of the service package is compromised by: The service concept In order to achieve low price objective‚ Cadbury World keeps the staff costs (hiring limited numbers of unskilled staffs)‚ technology costs (lack of technology to streamline the operation process) and facility costs (old and outdated facilities) at lowest possible. In return‚ they have to compromise
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