Business Management SL
Business Management SL
6
Chapters
175
Notes
Unit 1 - Introduction To Business Management
Unit 1 - Introduction To Business Management
Unit 2 - Human Resource Management
Unit 2 - Human Resource Management
Unit 3 - Finance & accounts
Unit 3 - Finance & accounts
Unit 4 - Marketing
Unit 4 - Marketing
Unit 5 - Operations management
Unit 5 - Operations management
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 5 - Operations management
Business Management SL
Business Management SL

Unit 5 - Operations management

Understanding Operations The Core Of Every Organization

Word Count Emoji
691 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

What are "operations"? ๐Ÿš€

  • At its core, operations refer to the main activities of organizations.
  • These activities involve creating goods and services to satisfy customer needs and desires.
  • Remember: Every organization is producing something, whether it's a tangible product or a service.

๐ŸŒŸ Fun Fact: Think about your favorite cake from that little bakery around the corner. That cake? Yep, it’s a result of operations!

Different forms of production ๐Ÿญ

  • Big Factory Vibes: Large factories filled with machines. E.g., oil refineries or car plants.
  • Small-Scale Producers: Smaller establishments like a bakery, a school, or even a restaurant. They too produce end products.

โœจ Real-World Example: Compare a major car factory, like Tesla, with your local bakery. Both are involved in operations, but on different scales!
 

๐ŸŽจ Art of Operations: Operations Management

  • The skill of managing these production processes to yield the best products/services.

Where can we see operations? everywhere! ๐ŸŒ

  • Primary Sector: Think about miners extracting gold or farmers harvesting corn.
  • Secondary Sector: Factories manufacturing phones or crafting furniture.
  • Tertiary Sector: A skilled surgeon performing open-heart surgery.
  • Quaternary Sector: Professionals providing expert advice in business consultancy.

โœจ Real-World Example: Remember that time you saw a surgery scene in a medical drama on TV? That surgeon? Yep, they’re part of operations in the tertiary sector!

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IB Resources
Unit 5 - Operations management
Business Management SL
Business Management SL

Unit 5 - Operations management

Understanding Operations The Core Of Every Organization

Word Count Emoji
691 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

What are "operations"? ๐Ÿš€

  • At its core, operations refer to the main activities of organizations.
  • These activities involve creating goods and services to satisfy customer needs and desires.
  • Remember: Every organization is producing something, whether it's a tangible product or a service.

๐ŸŒŸ Fun Fact: Think about your favorite cake from that little bakery around the corner. That cake? Yep, it’s a result of operations!

Different forms of production ๐Ÿญ

  • Big Factory Vibes: Large factories filled with machines. E.g., oil refineries or car plants.
  • Small-Scale Producers: Smaller establishments like a bakery, a school, or even a restaurant. They too produce end products.

โœจ Real-World Example: Compare a major car factory, like Tesla, with your local bakery. Both are involved in operations, but on different scales!
 

๐ŸŽจ Art of Operations: Operations Management

  • The skill of managing these production processes to yield the best products/services.

Where can we see operations? everywhere! ๐ŸŒ

  • Primary Sector: Think about miners extracting gold or farmers harvesting corn.
  • Secondary Sector: Factories manufacturing phones or crafting furniture.
  • Tertiary Sector: A skilled surgeon performing open-heart surgery.
  • Quaternary Sector: Professionals providing expert advice in business consultancy.

โœจ Real-World Example: Remember that time you saw a surgery scene in a medical drama on TV? That surgeon? Yep, they’re part of operations in the tertiary sector!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management SL. Subscribe now and get closer to that 45 ๐ŸŒŸ