How it is useful of operation management in MBA?
The Operations Management discipline places special emphasis on statistical, mathematical, and economic analysis. This discipline also encompasses the formal modeling of decision-making problems in different fields found in the critical processes associated with the design, production, and distribution of goods and services.Operations Management focuses on the modeling and analysis of important strategic and operational decisions for both manufacturing and service firms. Areas of …. Four first-year MBA students faced challenges from the weather and from judges’ difficult questions en route to finishing second in a case competition.
As the world of operations has changed, so have interests and priorities within the Unit. Historically, the TOM Unit focused on manufacturing and the development of physical products. Over the past several years, we have expanded our research, course development, and course offerings to encompass new issues in information technology, supply chains, and service industries.
The field of TOM is concerned with the design, management, and improvement of operating systems and processes. As we seek to understand the challenges confronting firms competing in today’s demanding environment, the focus of our work has broadened to include the multiple activities comprising a firm’s “operating core”:
Buyers are often uncertain about product valuations before they commit to purchase. In such situations, firms have an opportunity to influence the accuracy with which buyers can estimate their valuations. When buyers are uncertain about the product’s fit with their personal preferences, firms can help resolve this uncertainty by offering product previews, sampling, trials or return guarantees.