Strategic role of operations management business studies. The theme for volume1 is operations management concepts and strategy. Googles operations management involves different management teams and goals. Design of goods and services the car must be designed, tested and costout. Strategic planning has been used in municipalities for 20. Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Identify at least three value drivers related to the management of operations and three strategic value drivers that directly affect economic value added eva. List the key strategic decision areas of operations management that constitute an operations strategy. Pdf organizational strategic planning, implementation. Identify and define the 10 decisions of operations management 41 lo4. Understand the strategic significance of operations management to organizations of all kinds. In operations management, these 10 decision areas address the various activities that contribute to organizational success.
The talents maybe those of an engineer or operations manager rather than a chef, but the task is the same. Pdf strategic operations management radhitya wirawan. Here is another great diagram for our course which describes how these 10 om decisions give us a competitive advantage. What is strategic management, and why is it important. It was part of the companys turnaround and enabled the organization be more flexible and survive the financial crisis without taking government bailouts.
Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Nonetheless, the company applies the 10 decisions of operations management in all of its business activities. Input costs, labour costs, processing costs, inventory costs, quality management. Chapter 2 operations strategy in a global environment 33 control, health and safety, etc.
It is all about what they want the organization to be like and to be about. Strategic decisions involve a change of major kind since an organization operates in everchanging environment. Strategic financial management refers to specific planning of the usage and management of a companys financial resources to attain its objectives as a. Strategic decisions deal with the range of organizational activities. With expanding operations in addition to online retail business, inc.