Business mangament Essay Example | Topics and Well Written Essays - 500 words

Business mangament - Essay ExampleThe underlying objective is to proper 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 do by evaluating and assessment the market, customer base and the industry trends. The aim is to strike a long indestructible relationship between stakeholders, so that the operational aspects of the firm are effective and efficient prior to the firms product and/or service line.The strain 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 o n 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 whence 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 firms 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 particular(prenominal) 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