Business in brief library

Operations Techniques

Material Requirements Planning

Material Requirements Planning

The concept has been created to assist operational managers and practitioners in ensuring the availability of materials and products for planned production. It explores the ways to maintain the lowest possible levels of inventory, plan manufacturing activities, and deliver schedules and purchasing activities.

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Matrix Management

Matrix Management

The concept explains how organisations design matrix structures to create dual-reporting structures. It illustrates with case study examples across different industries and sectors the advantages and disadvantages of this organisational form and some of the success factors for designing effective matrix structures.

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Maximising People ROI

Maximising People ROI

People ROI (Return on Investment) refers to the measurable benefits an organisation receives from investing in its employees. It involves assessing the effectiveness of human capital investments, such as, development, recruitment, and employee engagement, to determine the financial or operational returns they generate (Phillips & Phillips, 2014).

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Operations Strategy Matrix

Operations Strategy Matrix

The operations strategy matrix is a tool used by strategy professionals to assess major factors that affect company operations. The concept will assist organisations in making better strategic operational decisions and reducing risks. It draws special attention to the success factors and implementation step recommendations.

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Organisational Behaviour Modification

Organisational Behaviour Modification

This concept explores perspectives on organisational behaviour through the examination and revision of the literature in the field. It provides a concise step-by-step guide of how to modify an individual's behaviour to improve performance.

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Organisational Cybernetics

Organisational Cybernetics

The concept presents a definition and description of organisational cybernetics and provides the capabilities and limitations of this approach, together with its business applicability and useful industry examples.

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Outsourcing

Outsourcing

This concepts describes the operational transfer of one or more business processes from an origin company to an external provider. It explains the potential benefits of outsourcing and also the many risks and drawbacks that all companies need to be aware of.

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Paradigm and Paradigm Shifting

Paradigm and Paradigm Shifting

Paradigms are generally defined as a framework that has unwritten rules and that directs actions. A paradigm shift occurs when one paradigm loses its influence and another takes over. The concept defines paradigm and paradigm shift and explains how it can relate to company strategies and industry cycles.

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Parametric Forecasting Method

Parametric Forecasting Method

Parametric forecasting in project management uses historical data and statistical models to predict future project outcomes. By leveraging key variables, such as time, cost, and resources, it provides accurate estimates, helping managers plan and allocate resources more effectively for future projects.

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Pareto Analysis

Pareto Analysis

The concept identifies vital critical success factors of the Pareto Analysis and presents valuable advice on its implementation.

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