OPERATIONS Management - A Beautiful Concept

Hai Everyone, Operations Management is very crucial part in order to free flow of organizations operations. In small Companies, Operations taken care by HR department but if we look at very large perspective then for Operations, An expert is required to satisfy all the operations requirements from all the departments in organization  and also to improve the organization effectiveness as a whole. 

Operations Management, the word itself tells us operating logically to bring maximum efficiency with less investment, this can be achieved by applying different scientific techniques developed by different operation researchers For Example: Finding out the Optimal solution for a Transportation problem consisting of three variables is Simplex method - Developed by George Dantzig, Like this there are many scientific techniques to solve different problems occur in Operation process. 

some of the Applications of Operation research models are, Assigning the task without repeating and to the single person, Identifying and improving the Queuing process, Programming in Dynamic environment, Finding out the project completion times, Formulating the strategies by observing the chances of our competitor strategy and many more.

Applying scientific techniques of one company operations to another company gives a big disaster, because the model of the product or service differs and also the type of business. Operations Management seams easy in reading the word but it is very difficult when it came to reality because here you will face the Practical situation. In Operations Management, Applying Scientific techniques for the same repeated problem gives same result but we should be very careful in Environmental changes which always deters the methodology following for the same type of problem. 

For Large Scale of projects, this Operations Management is a great tool in order to complete the projects in-time, as well as to design the industrial layouts or in constructions of building, it is necessary to know which activity should perform first in completing the next phase of process.

Operations Management is the only tool or concept to help organizations to stand in their competitive growth, as well as to increase the efficiency of Organization by increasing the maximum return of every investment. 

My Experience on Business Meetings

Hello, after a long time got some time to spend on my Blog, Today I want to share my views on Professional Networks and how efficiently it will help full for business professionals and how it is important for each individual having a network. 

In the last 30 days,

SERVICE INDUSTRY

Hai Folks,

Recently Joined a company which is in to Service industry, Here the services are Financial services, and the company name is Converging Miinds. Even though i'am a fresher they given me a huge responsibility of entire marketing Department, so learning many new things daily, and more over wanna share my experience of service industry as well as my marketing Life.

Figures of Poverty line.. shows still how INDIA is poor

I don't know how far these data(figures) are true, which is provide by government.. but we have to know what are the states declining or increasing in poverty line.

THESE ARE THE TOP REASONS WHY OUR INDIAN ECONOMIC GROWTH MAY SLOW DOWN

Today's dollar rate in INR is 55.37, Petrol rate in Bangalore is 81.75, our Economic conditions are going worse than ever, Increasing rate of unemployment , Corruption all over India , why India is depending more percentage on SERVICE industries ? what the hell our R & D department doing.. ! where are our investors.. !!! Depending on service industries may get boost in Indian economy but not for long time.. this is the situation where we are facing right now.

:: LIST OF BOOKS TO READ ::

Management Any Edition Of Harvard Business Review Case Studies Of Business World Magazine What They Don't Teach You At Harvard Business School-Mark H McCormack

Physics/Science Brief History Of Time - Stephen Hawking Any Work Of Isaac Assimov The Tao Physics - Fritjof Capra Philosophy Zen And The Art Of Motor Cycle Maintenance The Fountainhead-Ayn Rand Abstract Topic Futureshock Or Power Shift Or Third Wave -Alvin Toffler Literacy Works God Of Small Things-Arundhati Roy Midnight's Childeren - Salman Rushdie Business Made In Japan - Akio Morito Built To Last - Tom Peters And Water Man Religion Any Book Written By Swami Vivekanand Sports Idols By Sunil Gavaskar General Uncommon Wisdom-Fritjof Capra Law Any Of Johan Grisham's Works Medical Doctors By Erich Segal Anthropology/Sociology Manwatching The Naked Ape- Desmond Morris Note: The above list is just an indicative list and is not exhaustive.

Strength of the Management team- the key to attracting Investors

        

Strength of the Management Team- The key to attracting investors, explains what is the importance of strong management team in an organization and how this strong management team is going to attract the original investors, and also acting according to change in environment and their leadership role in order to establish an environment that motivates specific constituents to change in favor of them.

Potential investors in entrepreneurial enterprises place significance on the ability of the management team to enact change in receptive markets as to earn a multiple of their original investment. It is the ability of the management team to generate confidence that they can deliver results that makes the difference to investors. They must be able to demonstrate their ability to deploy people to execute processes that deliver products and/or services to large markets.

A successful management team may be able to repeat their successes as serial entrepreneurs by knowing how to entertain, inform, convince, persuade, and negotiate with people, and manage processes. The management team must be able to demonstrate that they can enact change, both by being able to cause it or respond to it depending upon opportunities and conditions (especially crises). Causing change affects competitors, but being able to respond to change caused by competitors is essential to sustainability also. The acceptance of new products and/or services in existing markets, or existing products and/or services in new markets is based upon employee, customer, and even supplier constituencies being willing to change their behaviors. Hence management must play the leadership role in order to establish an environment that motivates specific constituents to change. This means being able to communicate both aspirational and inspirational messages that cause others to change their behaviors to adopt a product and/or service, substitute. Such change occurs by understanding the difference between what people need and what they want, and creating emotional messages that cause them to act with urgency.

My view on this article is, strong management team is not only the one in attracting the investors, a strong management team is necessary in every part of the organization, in order to build successful future of the company. The way the author explained of how the management should react with the change is really impressive, in my words the strength of management team is not in responding according to the changes but it lies in  how their employees, supplier, customer changes according to the way organization changes, it lies in delivering their aspiration and inspirational messages that impact the behaviors of the people who are the part of their company, this thing  really show the potential of strong management team. In order to build or in order to collapse everything in the hands of management.