Discussion 1

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TYUS

Business Finance

Description

Using professional, personal, or academic experience, describe the operations management (OM) framework or environment in which you work or are most familiar with. Briefly discuss those key factors that drove change in the OM environment in which you work. Note the general nature of these factors, such as technology, economic, political, or other.

400 words long

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Describe the operations management (OM) framework
Business does not operate in isolation but rather operate in an environment and therefore this
environment influences the performance of business. There are laws and policies in the
different countries that regulate operations of businesses in the country. These laws vary,
therefore when one is conducting and oversees business or an international business he or she
has to comply with the policies. Legal environment as noted by (Evans, 1990) is the external
environment and therefore, business has no control over it but has to comply with it. Harsh
laws in certain countries barring foreigners from operating busine...


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