This article throws light upon the top eight attributes of management style that represent excellent companies. The attributes are: 1. A Bias for Action 2. Stay Close to the Customer 3. Autonomy and Entrepreneurship 4. Productivity through People 5. Hands on, Value Driven 6. Stick to the Knitting 7. Simple Form, Lean Staff 8. Simultaneous Loose-Tight Properties. Attribute # 1. [...]
This article throws light upon the two main activities performed by operations management. The activities are: 1. Design of the Operations System 2. Operations and Control Decision. Activity # 1. Design of the Operations System: These are long-term strategic decisions related to product design, process design, location of facilities, facilities layout and capacity planning. Product design: It decides about what [...]
After reading this article you will learn about:- 1. Meaning of Management Principles 2. Nature of Management Principles 3. Significance 4. Universality. Meaning of Management Principles: Principle refers to fundamental truth about a concept that provides guide to action. Principles evolve in every field of knowledge — medicine, engineering, accountancy etc. Management principles tell about administration of business, that is, [...]