OPERATIONS MANAGEMENT

Operations Management

Operations Management

Question 1

There is a need to introduce the definition of operational control that meets the spirit and purpose of reflecting the operational management activities; production control actions and their implementation, monitoring of the result of their implementation. The most common formulation: the operational management - an activity management subsystem, which consists in developing and managing the impact of its implementation and aimed at achieving the goal of effective management and organization as a whole under the control properly organized, based on the processes and management functions that are characterized by a number features (Xingxing & Lawrence, 2008):

carried out continuously in time and space and are focused on the achievement of certain (specified) goals;

cover all necessary and appropriate space and have a place not only at the time of the administrative act, but also in subsequent periods of time;

characterized by unity of purpose - in the absence of management objectives is meaningless;

Can be designed and focused on tactical and strategic goals and plans, which defines management tasks: operational or tactical, operational and technological (operational, operational and production, including operational and dispatching) and strategic.

Before you install, fits based mainly on the principles of command in the operational management of the overall system, we note that corporate governance - is a means of ensuring the internal activities of the corporation and control over it involves a set of relationships between the board of the company, its board, its shareholders and other stakeholders. Corporate governance defines the strategic objectives of the company, the means to achieve them and how to control its activities (Heizer, 2010).

Experience in the development of corporate governance shows that the formation of corporate ethics helps companies avoid operational risks, supports long-term economic growth and contributes to the success of business. Adherence to standards of corporate ethics policy forms of corporate behavior of which is based on the interests of shareholders, management and employees; strengthens position in the market, increases the market value and profitability of the company, increases the satisfaction of stakeholder expectations.

The regulation of the method used, the forms and principles of operational management set out in the standard power company, approved by the Board of Directors, is nothing else than the specific responsibility and delegation of authority to appropriate levels of management to ensure that the current (tactical) of the result of its energy companies and energy companies (subsidiaries, structural divisions, subsidiaries of joint-stock companies).At the same time, good corporate governance is based on the separation of strategic and operational management. Transfer of functions of operational management business (production) of the owner of the business (shareholders) to the management enables the owner to focus on the broader strategic goals of the development of its business and to limit the control of its effectiveness, i.e. the effectiveness of the control exercised by the company's management (Daniels, 2007).

Methodology and management processes are aimed at providing functional and technical stability control system as a common property management systems and processes to save and restore their quality in ...