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The major principles / concepts covered in any course that aims at making an operations manager out of you would be: Principles of Managerial Economics and Accounting, Statistics,Operations Planning and Control, Operations Strategy, and application of Information Technology. Besides these core concepts, a considerable exposure to all other areas of management as Human Resources, Finance, [...]
Before starting with the basics here is an example of Operations Management :
Travel agent: “I can get you three days and two nights in Rome for a hundred bucks.”Customer: “How come so cheap?”Travel Agent: “The days are July 11, 12 and 13.The nights are July 21 and 22.”If you are wondering what the travel [...]
TQM, JIT, BPR, SCM, SAP, and ERP are all terms that most of you would have come across in several business related articles in newspapers and magazines. You would have also figured out that these are Ops (Operations Management) jargon. But what do they really mean, and what is Operations Management in the first place?
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In my last article Marketing Basics, i gave a brief introduction on marketing management. Quite often we come across students who want to do an MBA to enhance their skills but aren’t aware of the specialization or the job which they would like to pursue after an MBA. This is because in India College matters [...]
Marketing Management is one of the oldest forms of management, talking in crude terms we can say if one knows How to sell you can own a business and therefore a manager.
The functional area of Marketing involves the concept development and delivery of a quality product / service to cater to the emerging / existing [...]