Operations Management Assignment

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Pneyn29

Business Finance

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Operations Management Assignment The final project for this course is the creation of a project management plan. In Assignment One, you will submit the operations management section (Section I) of your project management plan. Assess the history and trends of operations management, focusing on the business or company from your business plan in the Marketing and Strategy course. Provide rationale for the selection of your business development opportunity. Detail initial estimates of demand based on your forecasts and justify your selection of forecasting methods. Determine site location(s) and provide specific quantitative rationale for your selection. Consider the underlying business information needs of the new business and what information requirements will be needed. Outline the management information structure of the proposed business information system for your new business opportunity as part of the overall proposal based on the feedback received. Consider specific IS concepts in Chapter 12 to outline your proposed system. For example, what elements do you plan to incorporate into your management information system? What linkages in the information structure are proposed? Specifically, the following critical elements must be addressed: you will submit a strategy development paper. Prompt: This paper will be composed of two parts: Part I: State your overall company strategy to support the business goal of your chosen business opportunity in technical terms such as pricing, differentiation, and responsiveness. Part II: Provide an initial demand forecast for your product for the first six months of operation. Discuss the technical rationale for your forecasting method and why it is better than other methods of forecasting. • Clearly explain your company’s strategy to support the business goal of your chosen business opportunity in technical terms such as pricing, differentiation, and responsiveness. • Provide an initial demand forecast for your product for the first six months of operation. • Discuss the technical rationale for your forecasting method and why it is better than other methods of forecasting. a) Assess the significant forces that have shaped operations management in recent history. How did these forces impact the business operations of your company? If your company does not yet exist, how do you envision these forces will impact the business operations of your company? b) Critique the key obstacles and issues that confronted company management during the evolution of operations management into the modern era. How did your company’s management handle these obstacles? If your company did not exist then, how do you think they would have responded to these issues? c) Assess changes to operations management philosophies and organizational structures in response to the evolving complexity of business operations. In other words, what has changed and why? d) Analyze the business operations of your selected company. Consider questions such as these in your response: What organizational processes does the company use? How do the business operations support the strategic plan, mission, and vision of the company? What factors affect productivity and profitability? e) Determine the key trends in production, quality, resource, and information management with a focus on the business operations of your company. f) Assess the impact of these key trends on the business operations of your selected company and on the business product, service, or other idea in your business plan. • • • a) b) c) d) e) f) the outline: Company’s Strategy Demand Forecast Technical Rationale Significant Forces Key Obstacles Changes Business Operations Key Trends Impact APA citation, 10-11 pages.
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Running Head: Operation Management

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Running Head: Operation Management
Introduction
Operation management simply outlines the process of continuous improving the system and
process undertaken to deliver in the Apple smartphone in India through improving its primary
products and services (Stevenson & Sum, 2002).
The assignment explores the changes and shifts in the field of operations management
thoughts from of evolution era to present era. When we study operation management history
we tend to focus on the development stages and shifts in thinking that have conspired to bring
about the evolution of operations management. For a company to flourish there is a business
plan for the business success
Through assessing the business opportunity, I chose to come up with ways to of expanding
smartphone through Apple industry in India and there is some important point to come up to
improve the firm that is:
a) To come up with the marketing strategy to improve the business
b) The business plan to improve our firm and its development course
C)

A rationale for business development opportunity

By describing these into the overall course there is an opportunity for business firm to
develop and increase the productivity. These may be in other term described as project
management system since there must be strategic opportunities and resources to improve the
business. The business plan and the chances to come up with through identifying the business
gap to come up with satisfactory merit as we focus on. The business opportunity if followed
up well and well strategized the outcome has something to smile about thereby the business
opportunity is a good plan which comes into action when put under more focus.

Running Head: Operation Management
The company strategy to achieve overall business goals

In the company strategy, there are first things to focus on the trends of operation management
in the market structure we first aim at looking the following issues for assessment
a) business strategy- these should focus on the growth of the business to improve its services
by locating the loopholes and coming up with solutions. The workers in the firm working
coming up with various strategies are good to improve the business.
b) improving employee engagement-the employee should be engaged to improve the
customer focus on the products in the firm by firmly convincing them on the goods in the
market.
c)preventing cyber-attacks-the impact of cyber-attack, privacy data breach or theft of
confidential data on organization to prevent the possible influence to occur in the firm.
For the business to succeed there requires the business goal for its effectiveness through the
market strategy implemented hence the company strategy. The strategies are always
objectives which must be met. They must be understood in terms of framework in two types
that is
1)specific business objectives for each strategy-And which objectives in framework have
priority over other objectives
2)interrelationships between various strategies-For example which strategies support other
strategies to improve the firm
The company strategy is important for the business growth, strong competitive position and
strong financial performance many different strategies are possible, but all are meant to bring

Running Head: Operation Management
improvements in these areas. The firm adjust its strategies is very important and some of
those strategies as outlined include:
a) build on the vision – From these re-estates several ideas from the founder’s vision for the
business. The foundation includes
1)The offering and its value proportion-This simply describes the company’s
offerings in goods and services in terms of the value offer to customers. Example when a
customer ...


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