LONG QUESTIONS AND ANSWERS MNO

Why should one study operations management? (4 reasons) - -i. OM is one of the three major functions of any organization, and it is integrally related to all the other business functions. All organizations market (sell), finance (account), and produce (operate), and it is important to know how to the OM activity functions. Therefore, we study how people organize themselves for productive enterprise ii. We study OM because we want to know how goods and services are produced. The production function is the segment of our society that creates the products and services we use. iii. We study OM to understand what operations managers do. Regardless of your job in an organization, you can perform better if you understand what operations managers do. In addition, understanding OM