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Operational and Strategic Management Essay

Assignment id 1016581
Discipline Writing
Assignment type Essay
Words 2192
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Introduction Operational management procedures in a business entails overseeing, formulating and reformulation of the operations of a small business. The processes are supposed to ensure efficiency in administering resources whilst ensuring that there is effective management of client's specifications and or instructions. This is accomplished by adding value to the company's processes. Such accomplishments are experienced when a company embarks in directing its physiological and or specialized purposes towards improving its development, manufacturing and manufacturing. These must be pre-determined and commanded by market chances if a business is to achieve its final production levels. Their realisation adds up into ensuring the future of a company, offering operational realities by developing competitive advantages to the company's procedures. These advantages ultimately lead to accelerated growth, raise profit margins, and create a competitive edge over their opponents (Goodward & Deck, 2008). On the other hand tactical management processes in a firm matter themselves favorably with the planned and the emergent initiatives undertaken with the runners of a company. These projects are targeted towards improving the company's resources in order to increase its performance (Nag, Hambrick & Chen, 2007, pp. 935-955). This is realised through manifesting a business's mission, vision and objectives. Additionally, it encompasses the development of plans and policies that are meant to facilitate the attainment of the prior (Lamb, Robert & Boyden, 1984, pp. 557-570). Core to the successful running of any business enterprise, business or company is getting a proper laid out strategy. As earlier discussed, an effective strategic approach to any company gains it heart benefits in its own short-term and long...

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