Question

• Explain why business strategies and operation management are necessary.
• Explain how leaders contribute to the management of knowledge and the learning organization.

Post a minimum of 150-250 words

Answer 1

In a business , business strategies and operations management are most necessary.

Business strategies conclude of what steps needed to achieve a target. Strategies are basically standards or ways by which an organisation will run. It basically includes parameters to achieve profit maximisation, customer satisfaction and sustainable growth.A company cannot run without STRATEGY as their is no process to adhere.

And similarly running a business without operations management is impossible. From the smallest to the largest ,every company require some operations like logistics, manufacturing etc and their should an individual or team to manage the activities so that the company runs smoothly.

OPERATION MANAGEMENT AND BUSINESS STRATEGY are linked to each other as strategy provides a company specific tasks which needs to be performed and operation management tells how the tasks to be performed smoothly.

Leaders are very essential in every organisation. They provide a way to the company of how it should perform. Leaders lead through their knowledge and skills to succeed in any task. In management, managers manage task but leaders show them a path to follow. If their is no leaders , there would be a company without a goal. A leader's job is to guide the company through a goal and also to keep the company update of the market COMPETETION and new technology.They contribute to the ORGANISATION by motivating the employees to work harder and also bringing more business to the company