Operations management is the process of managing the production of goods and services. Thus operations is a broad term that encompasses both hard-goods manufacturing management and service management. Traditionally, the term 'production' brings to mind smokestacks, assembly lines and machine shops. However, the functional field of production and operations management (P/OM) refers to the broader idea of the producing activities [...]
Read this essay to learn about the public sector. After reading this essay you will learn about:- 1. Concept of the Public Sector 2. Social Objectives of Public Sector 3. Classification and Growth 4. Pattern of Management 5. Board Policies and Functions 6. Structural Pattern of the Board of Directors 7. Delegation of Power 8. Control by the Government and [...]
This article throws light upon the top five factors affecting organisational productivity. The factors are: 1. Change in the work force 2. Change in industrial composition 3. Change in capital-labour ratio 4. Decrease in research and development spending 5. Government regulation. Factor # 1. Change in the Work Force: Over the past few decades, various major changes have occurred in [...]