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Sadly, there isn’t any step-by-step guide to operations administration. Unlike most fields, it includes realizing a number of different things, from finance to HR.

operations management pdf

All these elements have to be managed correctly, from the strategic planning stage, the implementation stage, manufacturing supervision, and the ultimate analysis of outcomes for future improvements, so that the company stays worthwhile and aggressive in its business. But Mike can sometimes act like the kid who tells the teacher she forgot to assign homework. Take the mooing incident. It was the late ’90s, and Mike was working at Morgan Stanley, the place all the trading desks had squawk boxes”—intercoms that analysts and brokers used to relay data through the buying and selling day. Mike’s downside was that a few of the younger guys at Morgan Stanley abused their squawk boxing privileges by mooing loudly into them, disrupting colleagues who have been trying … Read more