Important Functional Management Principles

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Managers often play a dual role, they have to manage people and also oversee processes. There are some very critical process areas that managers oversee in order to make sure the company functions effectively. Some of these process areas include operations and supply chain management. Please review the following articles on operations management:

Then, with your fellow classmates, reflect on what you have learned in your program and the information from the article, and discuss the following:

What are the most important functional management principles to you when building a company’s success?
How does operations management help to design process and manufacturing processes?
What are some of the advantages of Lean supply chain processes?

Reference

Corporate Finance Institute (CFI). (2020). What are financial ratios? https://corporatefinanceinstitute.com/resources/knowledge/finance/financial-ratios/