Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management
Unit 2 - Human Resource Management
Unit 3 - Finance & accounts
Unit 4 - Marketing
Unit 5 - Operations management
Unit 6 - Assessment
Business Management HL
Unit 5 - Operations management
Unlock Efficiency: Your Guide To Lean Production & Quality Management
678 words
4 mins read
Last edited on 14th Jun 2024
Table of content
🔧 Lean production - think less is more!
- Definition: A fancy way of saying, "Cut the unnecessary stuff and get to the point!" in the world of operations management.
- Real-World Example: Ever see a minimalist's room? Only the essentials. No clutter. That's how businesses want their operations - clean, efficient, and without waste.
🔄 Continuous improvement
- What's the Deal? This isn't about occasional spring cleaning. We're talking changes ALL. THE. TIME. And not just the big bosses, everyone at every level needs to pitch in.
- Focus: It's like baking a cake. Don't just focus on the yummy end product, but also on the steps and ingredients!
- Real-World Example: Imagine if your phone only updated once a year. Annoying bugs would last ages! Continuous improvement is like getting those little software updates regularly.
⏰Just - in - time (JIT) method
- Translation: Don't make stuff until someone asks for it!
- Real-World Example: You wouldn't bake 50 pizzas without any orders, right? Make them as the orders come in. Fresher, hotter, and no wastage!
♻️ Cradle - to - cradle design
- In Simpler Terms: Products should have a circle of life. Once they've served their purpose, they shouldn't end up as trash but reborn into something new!
- Real-World Example: Soda cans. Used one? Melt it, and voilà, a new can emerges!
Unlock the Full Content! 
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟
Business Management HL
Unit 5 - Operations management
Unlock Efficiency: Your Guide To Lean Production & Quality Management
678 words
4 mins read
Last edited on 14th Jun 2024
Table of content
🔧 Lean production - think less is more!
- Definition: A fancy way of saying, "Cut the unnecessary stuff and get to the point!" in the world of operations management.
- Real-World Example: Ever see a minimalist's room? Only the essentials. No clutter. That's how businesses want their operations - clean, efficient, and without waste.
🔄 Continuous improvement
- What's the Deal? This isn't about occasional spring cleaning. We're talking changes ALL. THE. TIME. And not just the big bosses, everyone at every level needs to pitch in.
- Focus: It's like baking a cake. Don't just focus on the yummy end product, but also on the steps and ingredients!
- Real-World Example: Imagine if your phone only updated once a year. Annoying bugs would last ages! Continuous improvement is like getting those little software updates regularly.
⏰Just - in - time (JIT) method
- Translation: Don't make stuff until someone asks for it!
- Real-World Example: You wouldn't bake 50 pizzas without any orders, right? Make them as the orders come in. Fresher, hotter, and no wastage!
♻️ Cradle - to - cradle design
- In Simpler Terms: Products should have a circle of life. Once they've served their purpose, they shouldn't end up as trash but reborn into something new!
- Real-World Example: Soda cans. Used one? Melt it, and voilà, a new can emerges!
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟