StudentShare solutions
Triangle menu

Operational Management Contexts - Essay Example

Not dowloaded yet

Extract of sample
Operational Management Contexts

The first phase was to shift to assemble to order planning (ATO), the second was de-integrating the manufacturing facility, and finally, rationalization- that is reducing the range of family of products to two that are most profitable for the company. These are innovations to be implemented depending on the market conditions. There were factors and aspects of innovation to consider. Firstly, what type of innovation is needed to proper address the main objective of the "phase changes", secondly, when is the right time the innovation should be implemented in the market life cycle, thirdly, an analysis on the implication of change in the supply chain, and finally, what are the trade-offs to take into consideration and how to address them to optimize the effect of phase changes.
The planned "phase changes" of AB Machine Tool is meant to basically address profitability and the ever challenging market. The need for this is inevitable considering the fact that the market share of the company is getting smaller because of fierce competitions. The need to attract more investment is one of the options in order to maintain the economic viability. But to attract more investments means showing the potential investor the strength and capabilities of the company through changing times and turbulent market conditions. ...
It is for this reason, AB Machine Tool ought to consider the need to introduce changes tactically and strategically but how it will affect the entire organization positively remains to be seen. Timing, type of innovations, trade-offs are some of the things that we should be looking into and this is our objective.

"Mundane Taxonomy" of Innovation Types

Moore (2004) enumerated the different types of innovations and gave description to each one of them but more importantly gave emphasis when it is to be applied during the market life cycle of the organization. He also emphasized its importance as it determines the economic viability and existence of an organization. Figure 1, Aligning Innovation with the Life Cycle, shows the eight types of innovations and when each one is supposed to be implemented in the market life cycle.

Figure 1. The Market Development Cycle

The Innovations as defined by Moore (2004) are as follows:
Disruptive Innovation. Characterized by a great deal of attention particularly in the media, product appears as if from nowhere, creating a massive new sources of wealth.
Application Innovation. Takes existing technologies into new markets to serve new purposes.
Product Innovation. Takes established offers in established markets to the next level.The focus can be on performance increase, cost reduction, usability improvement, or any product enhancement.
Process Innovation. Makes processes for established offers in established markets more effective or efficient.
Experiential Innovation. Makes surface modifications that improves customers' experience of established products or processes.
Marketing Innovation. Improves customers touching processes, be they marketing communication or ...Show more

Summary

AB Machine Tools is a company engaged at first in machine tool for woollen and textile industry and later catering the needs of heavy industrial companies. Since its inception in the late 19th century, the company has gone through a lot of changes due to merging and acquisitions, change in ownership and management, technological innovation, etc…
Author : jakubowskitamia
Operational Management Contexts essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Operational Management Contexts"
with a personal 20% discount.
Grab the best paper

Related Essays

Operational Management
The bolts are mainly used for reinforcing the structure of the building by means of scissor joints. The purpose behind is to avoid the buildings falling apart. Bolts are supplied to the manufacturing units in several sizes in terms of length and thickness.
7 pages (1750 words) Essay
Operational management
Essentially, Starbucks is an international company with almost 15,000 stores spread out across forty four countries. Among the many other products that the firm produces, they produce the finest brewed coffee that is known to inspire and nurture any who drinks Starbucks’ coffee.
10 pages (2500 words) Essay
Summative assessment - critical assessment of the external and internal contexts of management
Rajan (2007) had created five generation groups as per their birth years, but the study will use fourth generation cohort (born 1980 to 1999) as representative of young people and community. Aim of this essay is to critically assess external and internal contexts of management and their implications for managing work with young people and communities.
16 pages (4000 words) Essay
Operational Management
order to understand operational strategic perspectives which help the company to achieve marketing objectives successfully. The researcher is working in the consumer product designing division of the company and product design division play vital role in helping the company to design innovative merchandises which can satisfy demand of customers (Gore, 2013a).
10 pages (2500 words) Essay
Operation management - Operational Analysis
It is one of the biggest supermarkets in the United Kingdom with nearly 400 supermarkets and Living stores across UK. ASDA retail store which is a subsidiary of the Wal-mart store inc. Wal-mart store Inc is a global retail company operating in several markets around the world including the United Kingdom (Brunn, 2006).
12 pages (3000 words) Essay
Operational Risk management
Preparation within the background of IT projects is careful with orientation to growth models and hard and soft system methodologies. Then criticisms of methodologies are provided in family member to the novel IT age. If we analyzed then we come to know that what is operational risk Operational risk is a definable multiplicative association flanked by contact and intrinsic hazard.
8 pages (2000 words) Essay
Operational Management Essay
I FURTHER ADDED THE ADVANTAGES THE COMPANY GAIN FROM ITS DESIGN PHILOSOPHY AND LAST I GIVE RECOMMENDATIONS TO IMPROVE THE PRODUCT DESIGN OF KFC. AND CONCLUDED FINALLY. Operational management is considered to be the heart of the business as its control all the system and operations of the company.
7 pages (1750 words) Essay
Operational Management of Risk
Risk management is very important for every organization aiming for serious long term business and implementation of all the necessary processes, development and maintenance of KPIs and PIs are important to align all hierarchical organization that helps in reducing complexities in the work flow, conflicts in the roles and responsibilities.
16 pages (4000 words) Essay
Introduction to Operational Management
The company faces problems at its airline business that presents its customers with above normal flight delays, flight cancellation and check in delays due to security and Going Inc must capitalize on
4 pages (1000 words) Essay
Operational Management
Although the company manufactures high cost goods which may not have an immediate market, having a lot of the cars in the store house is a waste of resources. The inventory metrics can be improved by ensuring on time
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation