2. Strategic
management
Provides overall direction by
developing plans and policies
designed to achieve objectives
and then allocating resources to
implement the plans. Ultimately,
strategic management is for
organisations to gain a
competitive edge over their
competitors.
3. Operations
management
Operations management is essential for organizations to
manage their daily activities seamlessly. Operations
management controls all the processes and handles issues
including design, operation, maintenance, and improvement of
the systems.
What are the 4Vs of Operations Management? The 4Vs – the 4 dimensions of
operations are: Volume, Variety, Variation and Visibility. They can be used to assess all
different types of business operations and understand how any why they operate,
their key competitive strengths, weaknesses and different approaches.
4. is the practice of planning, scheduling, and
allocating people, money, and technology to a
project or program. In essence, it is the process of
allocating resources to achieve the greatest
organizational
Seventypesofresourcemanagementare:
(1)Forestresourcemanagement
(2)Waterresourcemanagement
(3)Mineralresourcemanagement
(4)Landresourcemanagement
(5)Energyresourcemanagement
(6)Wildlifemanagement
(7)Agricultureresourcemanagement.
Resource management
5. Technology
management
5 advantages to putting technology in
5 advantages to putting technology in
5 advantages to putting technology in
your business strategy
your business strategy
your business strategy
1.
1.
1.Choose targeted technology
Choose targeted technology
Choose targeted technology
solutions.
solutions.
solutions.
2.
2.
2.Boost organizational productivity.
Boost organizational productivity.
Boost organizational productivity.
3.
3.
3.Enhance collaboration.
Enhance collaboration.
Enhance collaboration.
4.
4.
4.Set long-term goals and objectives.
Set long-term goals and objectives.
Set long-term goals and objectives.
5.
5.
5.Improve security.
Improve security.
Improve security.
Technology management of this kind entails setting objectives and
brainstorming tactics for achieving your particular business goals. Technology
is the primary focus here. For example, a company may decide that in turn for
creating their own technology they will improve upon previously established
innovations
6. Distributed
management
Distribution management is the process used to oversee the
movement of goods from supplier to manufacturer to
wholesaler or retailer and finally to the end consumer
For example, a pharmaceutical company is a
distributor of products to pharmacies, while an e-
commerce business, such as Amazon, is a
distributor of goods to consumers. Effective
distribution management reduces shipping costs
and delivery times and increases customer
satisfaction.