Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 5 - Operations management - QB
Business Management HL
Business Management HL

Unit 5 - Operations management - QB

Understanding Operations: The Core Of Every Organization

Word Count Emoji
691 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

What are "operations"? πŸš€

  • 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.

🌟 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 🏭

  • 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.

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

🎨 Art of Operations: Operations Management

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

Where can we see operations? everywhere! 🌐

  • 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.

✨ 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 - QB
Business Management HL
Business Management HL

Unit 5 - Operations management - QB

Understanding Operations: The Core Of Every Organization

Word Count Emoji
691 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

What are "operations"? πŸš€

  • 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.

🌟 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 🏭

  • 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.

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

🎨 Art of Operations: Operations Management

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

Where can we see operations? everywhere! 🌐

  • 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.

✨ 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 HL. Subscribe now and get closer to that 45 🌟

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