Answer to Question #196061 in Management for bisma elahi

Question

Describe the fundamental concept of Operations management with the help of relevant examples 

Answer 1

Operations are a essential part of any business organization. Operations management are therefore concerned with managing organization resources directly taking part in goods production or service provision by the firm thus realizing the strategic goals of the business.

Operation management entails planning, organizing, and controlling.

Planning: Activities that identify a course of action guiding future decision making in an organization.

Organizing: Activities that establish a particular structure of different roles and authority in the organization to realize organizational goals and objectives.

Controlling: Organizational activities that facilitate the actual performance in line with planned performance in the firm.O