Operation management essential skills
Organization go through certain routes when facing problems:
1. Liquidate
2. Restructuring
3. Selling
Restructuring is when a company makes significant changes to
its financial or operational structure, typically while under financial duress.
We must know :
1. where we are
2. where we need to go
3. Gap analysis
4. Put plan
5. Implementation
6. Control
(1) Where we are?
We must know deep information about:
1. Financial situation
2. Operation situation
3. Technological situation
4. Market situation
(2) Where we need to go?
We must know deep information about:
1. Mission
2. Vision
3. Strategy
4. Goals
5. Tactics
(3) Gap analysis
(4) Put a plan
• Define your goal in writing.
• Divide the goal into milestones.
• Identify the resources needed.
• Prioritize and assign all related tasks.
• Review, reflect, and refine as you go.
(5) implementation plan contain:
Tasks and subtasks.
Budgets.
Timelines.
Collaborators.
Any additional resources.
(6)steps of control?
Establishing Performance Standards.
Measuring the Actual Performance.
Comparing Actual Performance to the Standards.
Taking Corrective Action.
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