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

Revamp Your Business: The Costs & Rewards of Changing Production Methods

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

Table of content

Introduction ๐Ÿ› 

Switching up the way a business produces its goods isn't just about swapping out a few machines. Imagine changing the ingredients and method of your favorite cake recipe—it's a HUGE deal! You might have to buy new ingredients, learn new techniques, and accept the possibility that not everyone's going to love the new taste. This is what happens when businesses decide to change their production method, but on a grander scale. ๐ŸŽ‚

Why change can be tough

  • Retooling Machines: Think of this as changing the tools in your kitchen. You're not just baking with a spoon anymore, you need a fancy mixer! ๐Ÿ’ก Example: A car factory switching from manual labor to robotic assembly would need all new machines.

  • Redeploying Human Resources: People might have to learn new tasks or might not be needed for certain roles anymore. Like if your grandma who always kneads the dough isn’t needed because of the new mixer. ๐Ÿ˜ข

  • Refinancing the New System: Money, money, money! Sometimes it's about finding funds to support the new method. Like splurging on that premium baking set you always wanted.

  • Business Re-engineering: It's like not just changing the cake recipe, but changing your entire bakery! This was a hit in the 1990s, sort of like how Tamagotchis were everyone's favorite toy back then. But now? Not so much.

Implications of changing the production method ๐Ÿ“ˆ

Implications aren’t just potential problems; they're things businesses need to consider, like checking if the oven's preheated.

For HR (human resources) ๐Ÿ‘ฅ

  • Redeployment & Retraining: Some employees might need to adapt to new roles, just like how a cake decorator might need to learn to make pies. And sadly, some might have to leave.
  • Roles & Responsibilities: Defining new roles is crucial. If everyone’s making pies, who’s decorating the cakes?

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

Unit 5 - Operations management

Revamp Your Business: The Costs & Rewards of Changing Production Methods

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

Table of content

Introduction ๐Ÿ› 

Switching up the way a business produces its goods isn't just about swapping out a few machines. Imagine changing the ingredients and method of your favorite cake recipe—it's a HUGE deal! You might have to buy new ingredients, learn new techniques, and accept the possibility that not everyone's going to love the new taste. This is what happens when businesses decide to change their production method, but on a grander scale. ๐ŸŽ‚

Why change can be tough

  • Retooling Machines: Think of this as changing the tools in your kitchen. You're not just baking with a spoon anymore, you need a fancy mixer! ๐Ÿ’ก Example: A car factory switching from manual labor to robotic assembly would need all new machines.

  • Redeploying Human Resources: People might have to learn new tasks or might not be needed for certain roles anymore. Like if your grandma who always kneads the dough isn’t needed because of the new mixer. ๐Ÿ˜ข

  • Refinancing the New System: Money, money, money! Sometimes it's about finding funds to support the new method. Like splurging on that premium baking set you always wanted.

  • Business Re-engineering: It's like not just changing the cake recipe, but changing your entire bakery! This was a hit in the 1990s, sort of like how Tamagotchis were everyone's favorite toy back then. But now? Not so much.

Implications of changing the production method ๐Ÿ“ˆ

Implications aren’t just potential problems; they're things businesses need to consider, like checking if the oven's preheated.

For HR (human resources) ๐Ÿ‘ฅ

  • Redeployment & Retraining: Some employees might need to adapt to new roles, just like how a cake decorator might need to learn to make pies. And sadly, some might have to leave.
  • Roles & Responsibilities: Defining new roles is crucial. If everyone’s making pies, who’s decorating the cakes?

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