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MASTER OF BUSINESS ADMINISTRATION
ASSIGNMENT
SEM-3
READ INSTRUCTIONS CAREFULLY:
- Assignments are to be submitted by each student online in student’s login.
- Assignments of each subject should be in softcopy (ms word).
- Only one file having collection of all assignments of individual students should be submitted.
- If the matter of two student will mach then assignment will be treated rejected and
- student will be given zero marks. And no second chance will be given.
- After last date there is no provision of uploading assignments & no hard copy will be accepted under any circumstances.
NOTE: All questions are compulsory.
MBA 590
Q-1.Define Operation Management?
Answer: Operations management is a field of business concerned with the administration of business practices to maximize efficiency within an organization. It involves planning, organizing, and overseeing the organization’s processes to balance revenues and costs and achieve the highest possible operating profit. An operations manager is tasked with ensuring that the organization successfully converts inputs such as materials, labor, and technology into outputs in an efficient
Q-2. Why operations management is important for an organization?
Answer: Operations management is the process that generally plans, controls and supervises manufacturing and production processes and service delivery. Operations management is important in a business organization because it helps effectively manage, control and supervise goods, services and people.
Operations management cuts across every sector and industry as it may concern. OM finds use in every business though some might not be obvious. In health sector, operations management ensure there is proper health delivery with the right instruments at the right time. It also helps people like nurses, doctors, surgeons, and other
Q-3. What are the responsibilities of operations manager?
Answer: Some people (especially those professionally involved in operations management!) argue that operations management involves everything an organisation does. In this sense, every manager is an operations manager, since all managers are responsible for contributing to the activities required to create and deliver an organisation’s goods or services. However, others argue that this definition is too wide, and that the operations function is about producing the right amount of a good or service, at the right time, of the right
Q-4. What is acceptance sampling?
Answer: Acceptance sampling is a major component of quality control and is useful when the cost of testing is high compared to the cost of passing a defective item or when testing is destructive. It is a compromise between doing 100% inspection and no inspection at all. In particular, in cases when the quality of a supplier’s process is unknown, acceptance sampling may be a good option as opposed to 100% inspection. Acceptance sampling can be done on attributes or measurements of the product.
Q-5. Explain the process hierarchy?
Answer: he process hierarchy builds the documentation structure for the entire process management and interacts with the process models and diagrams. The process hierarchy and process diagrams are two sides of the same coin.
The hierachy is not only important for business processes but also for the structuring of reuse elements which are managed in libraries. Libraries are structured according to the types of elements they manage, for example process
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