Operations Management

Overview

This online Operations Management course from Warnborough College will provide you with essential knowledge on the operations of businesses and how they affect the economic environment overall.

You will learn to:

• Identify what is required to sustain a business

• Create a strategy to improve sustainability

• Implement the strategy

Lesson Aims

• Explain the economic environment in which business operates.

• Appraise the impact of external influences.

• Establish the type of information required for operations in both commercial businesses and service organisations.

• Examine the process and analyse approaches to strategic planning.

• Examine the process and analyse approaches to strategy formation and implementation.

• Prepare a business plan.

• Assess the importance of business control systems utilising IT integration into financial management; prepare, read and interpret annual statements, appreciate the importance of budgetary control.

• Identify the benefits involved when preparing marketing plans; analyse organisational strengths, weaknesses, opportunities and threats.

• Formulate customer-orientated and reliable strategies for selected markets