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 [...]
The Entrepreneur: In a modern organisation it is not possible to identify an entrepreneur because he(she) is not a single person. The entrepreneur is no doubt the creator and manager of a business. But he is not to be treated as a specific type of individual. Rather, as Donnally has rightly suggested, "entrepreneurship can be considered a behaviour, encompassing an [...]