Operations Management and its Definition, Principles, Strategies, Scope, Nature

Posted by Career Guidance - A Complete Guide - Chegg India on April 12th, 2021

Operations management is the field of management where the administration involves its best business practice to achieve the maximum levels of effectiveness and efficiency in using the resources of the organization.

It was historically referred to as production management, simply indicating its roots in manufacturing. Largely, it started with the separation of labor, beginning with the period of the ancient craftsmen. After that, it expanded more broadly only after contributing to the idea of the interchangeability of parts in the eighteenth century. Eventually, this ignited the industrial revolution.

So it’s not a misconception to say that all facets of a company rely on the management of an activity. It has the capacity to prepare, guide and promote the development of products and services. In order to succeed in an ever-changing sector, corporate executives must be willing to function effectively and productively to increase income, which are the core determinants of company success.

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