Description
- 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.
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Explanation & Answer
Attached.
Samsung Operations Management – Outline
Thesis Statement: The analysis of operation management in Samsung and especially in home
monitoring system ensure that there is focus on the needs of the management and that of the
clients.
I.
Significant Forces
A. Competition
B. Threat of new entrants
C. Substitution
II.
Key Obstacles
A. Technology
B. Costs
III.
Operations Management Philosophies and Organization Structure
A. Leadership
B. Diversification
IV.
Business Operations
A. Resource centralization
B. Innovation
V.
Key Trends
A. Competitiveness
B. Value chain
VI.
Impact of the Trends
A. Research and development
B. Features
Running head: SAMSUNG OPERATIONS MANAGEMENT
Samsung Operations Management
Name
Institution
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SAMSUNG OPERATIONS MANAGEMENT
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Samsung Operations Management
Operations management is critical in enabling the process of production, and it makes
sure that the products produced meet the needs of the consumers. The process makes sure that
there is the maximization of the motives of the company in the distribution of the products in the
market. The focus on the principles of the business in helping to increase the profitability aspect
is considered, and this ensures that there is the transformation of the resources of the company in
the management process. There is also focus on the processes that the enterprise adopts in
helping to increase the efficiency of the systems created and in the resources that help in
increasing the productivity of the company. The approach that the company uses in the
validation of the processes is through setting goals that increase the competitiveness in the
market and the analysis of the efficiency of the operating environment. The analysis of operation
management in Samsung and especially in home monitoring system ensure that there is focus on
the needs of the management and that of the clients.
Significant Forces
Samsung is known to be diverse in its operations, and this means that the main company
objectives are to enhance the operations of the different departments as it helps in increasing the
durability of the products. Samsung brands are well positioned in the market, and this helps in
making sure that there is the building of the portfolio of the manufacturing company and the
improvement of the research and development process (Jung & Chung, 2016). The strategy in
the management of the operations of the company is embedded in the economic strategy,
effectiveness and efficiency and this help in making sure that there is an increase in the
competition in the market. The three levels of the management of the operations make sure that
there is focus on the design of the products of the company and in the case, there is an analysis of
SAMSUNG OPERATIONS MANAGEMENT
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the needs of the company in making sure that the home monitoring system becomes competitive
in the market.
The forces that shape operations management in Samsung includes competition in the
market especially from other competitors that are involved in making appliances such as
Samsung. It is important that there is an analysis of the advantages that the products offer as
compared to the competitors and this helps in gaining the confidence of the consumers. There is
an analysis of the factors that helps in the improvement of the operating environment and
competition especially in the technological environment is intense helping the company to come
up with the strategies of the improvement of the performance of the company (Mazzola &
Perrone, 2013). The threats of new entrants in the market make sure that there is an improvement
in the operation management environment where the analysis is done according to the needs of
the consumer and this makes it important to focus on the activities that ensure that there...