Understanding Operation Strategy and its Role in Business Management

What is the difference between Operations Management and Operations Strategy

Operation strategy is termed as a plan specifying the ways and organizations to allocate the available resources to support the production and existing infrastructure. The operation strategy is given by the business organization's overall business strategy and develops to maximize the efficacy of production and supportive elements while minimizing the cost. Management consulting is an overarching term embracing the practice of third practice providing riders or advice to the company's leadership to improve the actual performance. The strategy falls under that umbrella and is a subset of management, whether the concerned person provides the industry-specific inside couple with actionable strategies to deal with management or business challenges of an individual company. On the other hand, operation strategies part of the business strategy a long term plan set for accomplishing the mission. However, function within the business derives its policy in support of the company's overall strategy, including the financial market and operational plan. Conclusively stated, that could be defined as a collective action chosen and stimulated by corporate strategy. It binds several operation decisions into cohesive response, company policies, and communication with the proper business strategy.

In short, it can be conclusively stated; operational management is connected with daily activities that are needed to produce services and goods by strategic control. On the other hand, concentrate on events essential to make sure the competitive advantage is well maintained. Both types of thinking make a vital contribution to the success of the business organization.

Using examples explain with evidence the process of Human Resource Management planning (HRM) and its value to an organisation

Evidence-based HR practices refer to the process that a business organization implements to evaluate the decision process against real experience and data to ensure the decision is likely to have the desired outcome. While sources are commendable any to be implemented with a critical eye, for instance:

Implementation of research is done provided that the study was applicable to the current scenario, and the result has not been over-generalized.

Details of the situation are rightly incorporated

While obtaining direct input it is essential to ask the concerned stakeholders and take into account the variable perspectives

Make sure not to utilize one source and use information from various sources.

In short, it is essential to take various data from multiple sources and make sure it is applicable within the current context in order to make better-informed decisions with high chances for cleaning the desired outcomes. This process can be implemented when writing the existing human resource policies. Once the evidence-based HR policies have been reviewed, it may seem evident that organizations are willing to accommodate innovative HR practices based on reliable information. It demands concentrated effort to get past these existing techniques and make toys that seek out varied information. This is actually the critical implementation of evidence-based practice; business organizations need to implement processes that demand them to get reliable sources of information to help in better decision making. Evidence-based teacher proposes an unintentional way of making use of multiple sources of information to carry out information-based decisions. The primary benefits associated with evidence-based human resource practice not only include an informed and active process of decision making, whether it works on an enhanced ability to align human resource practice with the strategic visions of the organization. Human resource practices and policies can be based on what works rather than what is expected to work

Discuss the advantages of Innovation in a business. Explain the types of innovation you may have read about in your reading and research

Innovation is essential in ensuring the competitive advantage and success of a company, especially when the customers tend to have higher demands. Following are the possible advantages of change for business:

Improve sales and customer relationships: healing to improve services and products can subject the business organization to losing more customers to innovative competitors. If a business plans to invest a lot of resources in innovation and the customers are likely to appreciate the approach bringing more sales.

Reduction of cost and waste: innovation can help in reducing waste, and leave the company with a better position to focus on long term goals. Instance a change in streamlining the existing order process and eliminating possible production bottleneck can work on reducing the employee idle time. The prime aim is to look out for the possible ways that can be implemented for removing waste bringing lots of benefits such as better profit margin and lower cost with improvement in customer service.

Boost in market position: innovation can help in anticipating the possible changes within the market and get ahead of the potential upcoming opportunities. In this way, the business is not forced to react to shift; instead, they can easily adjust the changes and differentiate themselves from the competitors. Innovation usually arises by continuously analyzing the existing market, listening to the customers' feedback, and studying what the competitors are doing to spot the possible market opportunities and implement them instantly.

Improving existing employee relations: an innovative workplace acts as a great way of stimulating employees. Cultivating pride in products and desire for the company to emerge as an industry leader should work on enhancing the level of productivity while reducing workplace turnover.

Dig deeper into Understanding Independent Advocacy with our selection of articles.

Reflection

On conducting the academic course, I realized I have developed my communication skills involving two prime steps; seeking to understand idea of the speaker and offering an idea back to the speaker in order to confirm the perspective of the speaker is rightly understood. In addition to that I have developed ICT as one of the economic pillars to gain competitive advantage. My familiarized myself with the existing technologies and review the effects of various strategies to promote the use of ICT. In addition to that, I participated in group training and one to one session, understanding the possible implication and use of the mentioned skills. Finally I worked on my problem solving skills by subjecting myself in critical scenarios under stressful conditions. In addition to that I worked on building my collaborative working skills and numeracy skills, understanding the existing perspective of the team members.

However there remains certain gap in my current set of skills that I need to work on and ensure seamless operation. For instance I do lack the necessary leadership qualities that need to be e address specifically through smart goals for improving the existing leadership skills. My goal is to motivate and inspire the team members with whom I am working.

Specific: inspiring and motivating the team members for improving the level of productivity by 30% and moral is indicated by the team member feedback

Measurable: increase in the level of productivity as measured by 30% quicker project completion with the survey that ensure satisfaction of the team members

Attainable: provide the members of the team with suitable training and tools to support their project while fostering a work environment that promotes collaboration about the employees through the use of constructive and positive feedback on weekly basis

Relevant: inspiring the existing team members in order to enhance the moral and boost the level of productivity, increasing the frequency of project completed and reducing the time taken by the team members in lay off.

Time: achieving 30% of improvement in projects and making reports of this work satisfaction takes a minimum of 6 months