![]() ![]() Finally, you'll learn about the strategic plan pyramid, its components and benefits, SWOT analysis, the concept of a minimum viable product (MVP) and its advantages. We'll explore the key areas to focus on when managing business operations performance, including the use of performance journals to track the achievement of goals. We'll delve into the process of writing an extensive business plan and show you the techniques to monitor and evaluate staff performance within a company to boost productivity. We'll then discuss the goals, components and benefits of supply chain management and how a supply chain works. Furthermore, we'll demonstrate how the flow of goods and services from manufacturing to consumption can be controlled (known as supply chain management). We'll teach you the process design concept, objectives, and importance. Business processes also need to be designed, similar to how buildings need to be planned out by architects. ![]() You'll explore perspectives on operations strategy, such as the operations resources perspective, capabilities and resource restrictions, including intangible assets. Upon that, we analyze the four stages of an operation's function's contribution to businesses. Next, we'll critically examine the operation strategy concept and operations' function in boosting a company's capabilities and refining its objectives. You'll learn about the generally accepted principles and the equation of a balance sheet, including the categories of assets and liabilities that can arise in a business operation. ![]() In this course, we'll teach you the concept of operations management and its types. No matter what processes are implemented, inadequate business operations management can result in low productivity, poor service quality, and a decline in overall organizational performance. A company's operations are reviewed and modified occasionally to produce enough income to cover expenses and yield a profit for its owners and shareholders. This involves organizing, directing, coordinating, and managing various production-related activities to increase the company's value and profits. Business operations are organizations' processes and actions to create products and services. ![]()
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