Define the term operations management Briefly explain the st
Define the term operations management. Briefly explain the strategic role of operations
Solution
operations mangement is defined as the managing the activities of a manufacturing or services of a firm. it concerns about the design and redesing of business operations, monitoring the activities, and controlling them to reach the ultimate goals of the organisation. it refers to the administration of business practices to create the highest level of efficiency possible within an organization.
it is the process of converting all inputs into the desired output like a product or service. every one has the same inputs and only few are succeeding in the competitive market where others are strugling alot. so, it is the difference how the firm is using its inputs and its strategies and plans. every firm starts with a moto of success only but few will be get it. the change is because of the strategies they followed and upadates.
one live best example is samsung was taken a decision to product dual sim and smart phones initailly than its competitors and succeeded. and the competitors implements it later, but samsung becomes the market leader.
