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The Four Operational Management Functions

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Functions Operations Management  Operations Management can be defined as an act of resource management for a production process in order to have maximum results. A variety of resources are deployed such as raw materials, machinery, equipment and tools, manpower and money. In carrying out operations function, it takes a series of activities that included into a system. In Operations Management generally consist of four types of operational functions: The function of the process, of a technical nature, including the form of the methods used in materials processing. The function of organizing techniques and methods, with this organization, the production process can be run effectively and efficiently, Material planning functions, including the establishment of the quality and quantity of the material Function control or supervision of the use of materials for the production process Developments lately showed big companies or the me...

Operational Management Concept

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Operations Management is a management efforts to the fullest use of all factors of production that there is either labor, machinery, equipment, materials (raw materials) and other production factors in the process of transformation to become a wide variety of products or services. What can be done by the management of the operation is to carry out all the functions of the management process: planning (planning), organizing (organizing), the establishment of staff, leadership and control. Orientation operational managers are direct results of the output in quantity, quality, price, time and place of certain correspond to the user or consumer demand. Operations Manager Responsibilities: Produce goods or services. Take a decision regarding the operations function and system transformation. Assessing making a decision of a function operasinal. Scope of Operations Management: 1. The design of the production system design and operational Selection as well a...

Business Management Theoretical Framework

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Business management will be very useful when you engage in business activities. Management itself is the science related to various aspects related to the setting, design and supervision of a project as well as business. The term comes from the word management in the Italian language is manggiare or control that has meaning. According to Parker foler Marg, management is the art of getting things done through other people's work. The art is also a way to reach a certain goal that can benefit the entire organization as well as some of the parties. In addition, management is also taken from the English words that have meanings that manage organize or manage. Business is defined as a type of activity that aims to sell a product - a product in the form of goods and services. It can be concluded that the definition of Business Management is an activity to regulate the sale of products in order to generate profits of magnitude on the perpetrators. Business management is usefu...

Financial Management Principles

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Financial management is not just talking about the accounting records only. Moreover, financial management is an important part and can not be regarded as an activity that is only a matter for the finance people. In practice, financial management appears to nourish the company's financial condition. It required the financial principles underlying it, including: Consistency (Consistency Principle) Policy and financial system enterprise application must be consistent, do not change from period to period. But keep in mind that systems and financial policy that has been taken does not mean that the financial adjustment should not be made if there are significant changes in the condition of the company Such changes should be announced along with the reasons clear and acceptable. Inconsistent financial policy may indicate that there is manipulation in the financial management of the company. Accountability (Accountability Principles) The principle of accounta...

Understand the Basic Concepts of Financial Management

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A finance manager in a company must know how to manage all the elements and in financial terms, this must be done because finance is one of the important functions in achieving the company's goals. Elements of financial management should be known by a manager. Let's say that a financial manager did not know what-what are the elements of financial management, it would appear difficult to run a company. Therefore, a financial manager should be able to know all the activities of financial management, especially analyzing the sources of funding and its use to realize the maximum benefit for the company. A financial manager must understand the flow of money in circulation, both external and internal Financial management is an activity planning, budgeting, audit, management, control, search and storage of funds held by an organization or company. Objectives of Financial Management Financial management is an activity planning, budgeting, audit, management, contr...

Understanding Management Strategy According to The Experts

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In management science, there are some experts who defined the strategic management, which can include different. A. According Ketchen   Ketchen defines management, he found as a strategic management is the Management of the analysis, decisions, and actions in various companies to create and maintain competitive advantage. This definition is divided into two main elements of strategic management. Strategic management in a company associated with running processes (ongoing processes): analysis, decision and action. Strategic management with regard to how management analyzes strategic objectives (vision and mission) as well as internal and external conditions facing the company. Furthermore, companies must create strategic decisions. This decision must be able to answer two main questions: (1) what industry they work at the company and (2) how companies have to compete in the industry. Lastly, what action will be taken to execute the decision. This action needs to b...

Understand the Basic Concepts of Human Resource Management

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The basic concept of human resource management understanding of human resource management. Human resource management is the science and art of planning,organizing,direction and control human resources for the purpose of which has been determined. Human resource for management is the utilization,development,evaluations/groups concern workers also design and implementation planning system,compensation of personel,emoloyee development,carrer management,performance evaluatinons dam seamless (henri simamora) Hrm concerns the recruitment,selection,development,conpensation,retension,evaluation, and promotation of personnel within an organization (Bernardin & Russel) Personel management is the planning, organizing, directing and controlling of the procurement,development,conpensation,integration of human resources to the end the individual organizational ,societal objective and are accomplished (Flippo). Functions of Human Resource Management A.    ...