What is Operations Management? (PDF included) Definition, Responsibilities, Nature, and Benefit of OM

Operations management is an area of management involved in planning and conducting the process of production and redesigning business operations in the production of goods or services. It requires the responsibility of ensuring that business operations are efficient to use as few resources as needed and effective in satisfying customer requirements.

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What is Financial Management? (PDF Included) Definition, 5 Scopes, Importance, Types, Objectives, Functions, Advantages and Disadvantages

financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.

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What is Crisis Management? Types of Crisis, Definition, Importance, Advantages Disadvantages, 6 Planning Approaches | PDF Included

Crisis management is the approach of anticipating crises at the corporate level and planning how to deal with them effectively to prevent any threat to an organization.

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What is Strategic Management? Definition, Process, Types, Advantages, and Disadvantages | PDF Included

Strategic management is the process of planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its aims and objectives.

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What is Risk Management? (PDF): Definition, Importance, Process, and Types

Risk management is the process of identifying, evaluating, and prioritizing risks followed by integrated and economical application of resources to reduce, observe, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

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What is Demand Forecasting? (PDF): Definition, Principles, Types, Methods & Issues

Demand forecasting is the systematic process to evaluate future demand for a specific product. Simply put, it allows you to examine the sales scientifically over upcoming weeks, months and years, so that you know exactly how much stock to order and hold at any given time period.

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What is Total Quality Management (PDF): Definition, Principles, Advantages, Disadvantages, & Implementation

The term ‘total’ defines the entire organisation—all parties, departments and functions are involved in quality management. The system refers to the managerial and technological approaches to obtain quality requirements and business objectives throughout an entire organisation.

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