It allows you to analyze data and make conclusions. So lets say you want to open a t- shirt store and you have 3 different color shirts. and 6 in all. You have the 3 blue shirts, 2 red shirts, and 1 yellow shirt. You can assume that if you price the yellow shirt a higher price than the blue most people will buy the cheaper shirt. so you can use the theoretical concepts to assume prices of things, what to charge and other financial business including profits.
entrepreneurial
I believe that Production Management is a part of Operations Management. Operations is the bigger picture of various functions that affect the overall process and quality of an organizations services or manufacturing. Here is a definition of Operations Management that lists "production management" as a part of the whole. In business, all the different aspects of operations is typically overseen by the COO or Chief Operating Officer. Most people do not know what business operations entails because it tends to be a broader discipline. Unlike project management, which has defined completion to a task; operations management deals with processes, resource allocation, and quality to run the business day to day in an efficient and effective manner. APICS The Association for Operations Management also defines operations management as "the field of study that focuses on the effectively planning, scheduling, use, and control of a manufacturing or service organization through the study of concepts from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions as they affect the organization".[1]
how does culture affect in international management
There are two main aspects to Management. Operational and Entrepreneurial. (with all management positions falling into one of these categories) Operational Management deals with the aspect of a business or company on the day-to-day side of things. Made to keep a business or organization "body" running smoothly. Entrepreneurial Management deals with Risk-Taking, and making the decisions that will affect the future of the business. -as you may tell, this is the higher form of management, but also the most 'thin-iced' as well.- I hope this helped. =)
how to affect virtual enterprises to operations management?
entrepreneurial
Statistics is used in Business Management to tell the trend of the sale of certain goods and services. It is used to predict the various factors that affect trade.
Business Continuity Management is a principle of managing the whole organization and identifying all potential threats that might affect the business, and building an infrastructure to withstand and mitigate those risks to protect the company and it's stakeholders.
I believe that Production Management is a part of Operations Management. Operations is the bigger picture of various functions that affect the overall process and quality of an organizations services or manufacturing. Here is a definition of Operations Management that lists "production management" as a part of the whole. In business, all the different aspects of operations is typically overseen by the COO or Chief Operating Officer. Most people do not know what business operations entails because it tends to be a broader discipline. Unlike project management, which has defined completion to a task; operations management deals with processes, resource allocation, and quality to run the business day to day in an efficient and effective manner. APICS The Association for Operations Management also defines operations management as "the field of study that focuses on the effectively planning, scheduling, use, and control of a manufacturing or service organization through the study of concepts from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions as they affect the organization".[1]
please help to response a question
Discuss how the five functions of business- production,marketing,finance,human resources,and management will affect a tobacco farming business in East Africa.
how does culture affect in international management
Communication is the chief criteria of any good business. It helps in efficient management of human resources, helps in good performance, makes things more flexible and efficient in the management philosophy.
There are two main aspects to Management. Operational and Entrepreneurial. (with all management positions falling into one of these categories) Operational Management deals with the aspect of a business or company on the day-to-day side of things. Made to keep a business or organization "body" running smoothly. Entrepreneurial Management deals with Risk-Taking, and making the decisions that will affect the future of the business. -as you may tell, this is the higher form of management, but also the most 'thin-iced' as well.- I hope this helped. =)
how to affect virtual enterprises to operations management?
List and explain the three areas of how computers affect management
Value analysis helps businesses because management will have detailed information on how to improve the company. With a value analysis, management will know where their weaknesses are and they can make changes.