Analysis of Managerial Decisions: Medford University

While trying to discover an answer for lessening these costs, the administration could have moved toward the Human Resources division to investigate the issue available and give an overhauled arrangement to the workers' incidental advantages. Rather the administration has taken a choice to make a team to dissect the money related emergencies close by and think of an answer for help diminish the incidental advantages expenses to the college. Medford University, an esteemed research college, with more than 10,000 understudies and more than 12,000 workers, is confronted with a huge money related emergency Brinkley, Smith, and Zimmerman, 2009).University administration has cornered the gigantic costs troubled by the college on the incidental advantages to the representatives. This adds to over $1 00 million every year (Brinkley, Smith, and Zimmerman, 2009). Also the retirement benefits vowed to the resigning representatives. The college, be that as it may, off late have been confronted w ith genuine money related emergencies. The incidental advantages costs have been adding to the significant cost looked by the college. The administration is henceforth confronted with a quick activity intend to handle these budgetary emergencies to rescue the valid for the college and its employees.Now the arrangement depends generally in changing the present incidental advantages plan and for this the administration could move toward the HR office to locate another arrangement to decrease costs and furthermore keep the workers fulfilled. Rather the president utilizes an uncommon team headed by the medical clinic boss chairman to discover an answer for these emergencies. 1) President Shipyard's choice to move toward the issue over the incidental advantages by appointing a team to break down the issue is an altogether different methodology as opposed to simply heading off to the human sources division to draft an arrangement to handle the equivalent (Brinkley, Smith, and Zimmerman, 2 009).The primary focal point of this team was to lessen use and build up another incidental advantage bundle for the workers of the college. He likewise watched alert as the estimations of the workforce and staff of the college ought not be influencing at all by the presentation of this team and their investigation. His reality in the accomplishment Of this team was apparent when a top director was utilized to lead the team. The bad habit executive and numerous other experienced individuals were additionally highlighted the team to ensure a successful team.On the other hand, if the president had essentially guided the issue to the HR division to think of an arrangement, it would have come about in one more reconsidered benefits bundle, with cause or worry about it being coordinated towards the wealthy, affluent, and might have even had questions raised against preference towards certain workforce and staff individuals. 2) The president must offer access to all the college money rela ted to the team. The focal point of the team isn't simply to discover an answer for decrease costs UT additionally to look for the most ideal answer for the workers as well.The thoughts and impression of every one of the team individuals ought to be coordinated to this reason. It is the obligation of the president to ensure the individual worries of every one of the part is considered in conversation and each choice made. The essential concentration anyway would be the money related of the college. 3) The main overseers arrangement to lead the team by the President was a choice made in considering the experience and information he would welcome on the government laws, state laws and the protection cap add to the expense of training (Brinkley, Smith, and Zimmerman, 2009).Every individual from the team will undoubtedly acquire different closely-held convictions and discernments to the current issue and consequently as the lead manager, he would need to think about and lead the group t he correct way. Consequently the main overseer is the most capable individual to help direct the advisory group and keep them on target in achieving the ideal outcome. This will guarantee there is a more extensive viewpoint on the issue, assorted sentiment and an answer is agreeably found. This permits the board of trustees to concentrate on rater detail the information introduced so there is an even assessment by every person and, as a gathering. ) The reason for the advisory group is to locate the most ideal answer for tackle the budgetary emergencies looked by the college. In any case, it isn't something that is destined to be acknowledged by the President. The president will consider the report of the board of trustees as the answer for the money related emergencies however the president has the ability to supersede, make proposals or change the arrangement as he see fits. It was insightful to delegate her collaborators as the bad habit executives, to the team to guarantee that he president had simple access to data and minutes of the meetings.While the Intent is to bring down the expense of incidental advantages, the president wouldn't like to change the nature of the workforce and staff. Nonetheless, the college's money related status shows that it can't proceed with an exorbitant incidental advantages plan and in this manner she would offer admission to the staff of Medford University. One approach to do this is to keep on being open any thoughts after the examination. Much after any proposals, there might be have to adjust or change any recommendations after cautious investigation. At long last the President needs to be certain that staff and personnel are reasonably and lawfully redressed. ) An aide of the President was delegated as the secretary of the team. This gives the president an inside access into the advisory group and its encouraging. It likewise keeps the president educated and furthermore keep track on the individual commitments to the boa rd of trustees and furthermore the to perceive how brought together the group is in their dynamic. This additionally would help the president in growing counter recommendations and furthermore proposals to what the team suggests. End according to my feeling, with respect to the Medford University study , the reason for the team is to give proposals from the personnel, staff, and understudy body.The seat and its individuals speak to a testing of the workforce, staff and understudies which can go about as voice for their prosperity. The assorted team individuals will likewise be better ready to gage support in the cost cutting estimates where essential all together for the school to keep up the degree of instruction it is presently giving and that it keeps its first rate instructors. References Brinkley, J. A. , Smith, C. W. , and Zimmerman, J. L. (2009). Administrative financial matters and hierarchical engineering. Chicago: Irwin.

Dementia And The Associated Stigmatisation Health And Social Care Essay

Dementia gets from Latin de expecting ‘out of ‘ and work powers planning ‘the head ‘ . Dementia is a natural mental miracle which influences the encephalon. Moreover, insanity is a degenerative dynamic technique. The CDCP ( 2004 ) states that craziness is the fifth taking reason for perish among the 65 or more gathering. Dementia influences all gatherings each piece ; â€Å" no cultural or racial lines, and the hapless, the shrewd and the straightforward the same are influenced. † ( McCugh et al, 1999: 7 ) No two individuals will hold manifestations that create in accurately a similar way, and side effects fluctuate contingent upon the progression of the unwellness. Manifestations all things considered involve memory misfortune, go ballistic, harms with consistent reasoning, supposition and anxiety, issue with executing day by day things, crazy convictions, tumult, eagerness and balanced harm. Age is an of import peril factor. Dementia is uncommon beneath the age of 65, yet unfortunately it despite everything can occur yet on the in addition to side it can in any case be analyzed. Those individuals determined to have psychosis younger than 65 are portrayed to hold beginning stage hysteria. An ongoing occurrence study is that of Mark Priddy who was determined to have Alzheimer ‘s sickness at 36 years old. As an individual ‘s age increases, the pervasiveness of psychosis augmentations. The predominance of insanity among the more than 65 is one out of 20, expanding to one individual out of five among the more than 80. Types: There are numerous kinds of craziness as insanity is the umbrella term.Alzheimer ‘s is the most well-known sort of psychosis. The Alzheimer ‘s Society found that Alzheimer ‘s infection influences around 417,000 individuals in the UK. Alzheimer ‘s sickness happens when an adjustment in development of the encephalon happens, where ‘plaques ‘ and ‘tangles ‘ create. There are other than a decreasing figure of nervus cells. Substance adjustments other than happen inside the encephalon, where synthetics are associated with the transmittal of messages inside the encephalon are at a shortfall unconventionally the synapses acetylcholine. Changes, for example, these inside the encephalon development and the synthetic study of the encephalon, influence encephalon cells to perish. Indications of Alzheimer ‘s ailment include disarray, temper swings, backdown, and imparting employments and the ulterior stage, issue with taking care of, strolling and continency happens where the probability of reliance will occur. Blood flexibly to the encephalon permits the encephalon to work tolerably, and to be sound. Blood is conveyed through the vascular framework, providing O to the encephalon. At the point when blood ca n't make the encephalon, the cells dice and the encephalon gets harmed, taking to vascular craziness. Hypertension can be a reason for vascular derangement. It is extremely of import to place and handle hypertension. An individual shot is called single-infarct derangement, in any case, it is progressively regular that a progression of little shots happen, which is alleged multi-infarct craziness. It is said that vascular craziness has a ‘step-like ‘ designed development, of where an unexpected impedance happens. Dementia with Lewy natural structures chronicles for a little figure of the whole examples. The Alzheimer ‘s Society has evaluated that derangement with Lewy natural structures accounts for around 4 % of all occasions of psychosis with the matured. Lewy natural structures happen when proteins in the celebral cerebral mantle and the encephalon root create and build up. It partitions its highlights with Alzheimer ‘s sickness and Parkinson ‘s ailment. Be that as it may, the individual ‘s memory is less influenced contrasted with Alzheimer ‘s. Comparative side effects to Parkinson ‘s malady incorporate musculus solidness, cumbersomeness, loss of facial looks and fighting. The separation between the two is of import as it can hold significant reasonings for bearing. Front-transient psychosis is another uncommon signifier of craziness, and incorporates Pick ‘s illness. Harm happens to the front-projection of the encephalon, which is liable for our conduct, passionate reactions and etymological correspondence achievements. Frequently, the individual ‘s memory stays indispensable, yet their character and conduct modifications. Different manifestations incorporate loss of concealments, a reduction in or insufficiency of address, acting unacceptably, or potentially going forceful. This kind of hysteria is portrayed by a more youthful of approaching, with the 75 mature ages old being an uncommon to be analyzed. Analysis: At an early stage manifestations are as often as possible subtle doing it difficult to name. It much of the time takes up to one twelvemonth or longer for a finishing up diagnosing to be made. Dementia is only recognizable with assurance after a posthumous examination. Early diagnosing is of import as it permits better consideration projects to be created for the great beyond, and intercessions can other than be begun. Specialists utilize a figure of plans to name psychosis. It is of import that they preclude any treatable conditions, for example, sadness, or nutrient B12 need. Specialists as often as possible start with persistent history and physical examination. They can encourage a specializer, of which encephalon preliminaries take topographic point. Imaging examines, for example, an attractive reverberation creative mind ( MRI ) filter, which can gracefully data about the physical region and development of your encephalon The smaller than normal mental region investigation ( MMSE ) is a Screen for Cognitive Impairment. It is most typically used to demonstrate for illnesses of memory employments or when a diagnosing of derangement is being thought of. The preliminary comprises of a progression of requests and preliminaries, where every request addressed right gets focuses. From an accomplishable sign of 30, the lower the imprint the more horrible the disease.A Peoples with Alzheimer ‘s ailment all things considered score 26 focuses or less. It must be noticed that the MMSE is non a preliminary for Alzheimer ‘s sickness or some other reason for psychosis. Be that as it may, the preliminary is faulty. To start with, there are numerous different grounds why individual may score under 26 focuses. Second, Holzer at Al ( 1984 ) contends that the †choice of a slice off imprint to discover the nearness of psychosis is marginally self-assertive. † ( Ineichen, 1998: 11 ) Medicines and Remedies: In spite of the fact that craziness is irreversible and serious, mediation methods have been created to better the occupations each piece much as could be expected under the circumstances. The assaults accomplish non work with everybody, so there must be an acknowledgment of single contrasts, employments and their eagerness to set about intervention. For outline, if wretchedness is created during the early periods of Dementia, this can be dealt with. Moreover, provoking strategies can be utilized for memory misfortune. Busch ( 1984 ) discovered four subjects inside therapeudic assaults. These incorporate world direction, memory, remotivation and resocialisation. It is non just the patients who can be drawn nearer yet close to the family unit and wellbeing proficient through respite and care groups. Taulbee and Folson ( 1966 ) back up the techniques for mediation, thinking that it †makes the patient feel that he merits something all things considered, that he can in any case hel p through something. † Medications simply have a fleeting outcome, taking care of the side effects however non the causes. In any case, some medication intercessions accessible can better the side effects or decelerate down the designed development of the psychosis in certain people. FDA - endorsed drugs for insanity are referred to conventionally as donepezil ( Aricept ) , and memantine ( Ebixa ) , what's more galantamine ( Reminyl ) , and rivastigmine ( Exelon ) have been suggested for the mediation of hysteria. Donepezil ( Aricept ) , galantamine ( Reminyl ) and rivastigmine ( Exelon ) are authorized for the intercession of gentle to seat insanity. Aricept, Exelon and Reminyl are known as Cholinesterase inhibitors, which increment the level of the substance acetylcholin in the encephalon to build conveying between nervus cells since hysteria prompts lost nervus cells. Memantine ( Ebixa ) is authorized for the intercession of moderate to extreme Alzheimer ‘s sickness. Ebixa is distinctive in that i t hinders the concoction glutamate. Dementia amendss nerve cells, which discharge unnecessary entireties of glutamate, doing more remote mischief of the encephalon. Medications are non adequate for everybody, with estimations of between 40 to 60 % of individuals benefitting from drugs. In any case, these medications might be seting some matured at risk with their reactions. These regularly incorporate diarrhoeas, swooning, disorder, blacking out and most extreme reactions including blacking out, slow chest beats, and mental trips. Nonetheless, drugs have become â€Å" compound blackjack † in the intercession of hysteria. It was uncovered that the NHS has attempted to get by with the lifting Numberss of craziness patients and as a result have gone to hostile to crazy medications, which was recommended abdominal muscle initio for schizophrenic issue. The National Audit Office says up to 150,000 individuals with psychosis were unsatisfactorily recommended drugs, loaning to a potential 1,800 perishes a year.A Much research is being done on derangement so as to help doctors better comprehend, analyze, and handle the ailment. Past inquires about did have discovered correlativities that nutrient E and nutrient b12 may thwart the lessening with the matured. An American review proposes that abatement of unsaturated fats in the encephalon can help handle Alzheimer ‘s, yet this study was done on mice and consequently can non be summed up to human presences. Specialists foresee that meatiness prompts dementia and along these lines a more advantageous way of life including a superior eating regimen, all the more practicing and lower blood power per unit zone can chop down the danger. The Dementia 2010 examination evaluated that the expense of dementedne

Technology Advancement Is Transforming Accounting Industry Better - 1100 Words

Technology Advancement Is Transforming Accounting Industry For The Better (Coursework Sample) Content: Technology advancement is transforming accounting industry for the betterStudents nameInstitutional affiliationIntroductionAccounting has always been referred to as the language of business. Throughout the ages, this language has undergone a lot of changes. But what is worth noting is that, throughout all the witnessed changes, changes in technology have always been critical in making accounting job better and easier. As the technology knowledge evolves for the better so is the ability of the accountants statistical analysis (Pepe, 2011).The improvement in technology is always enhancing accountants abilities in interpreting data effectively and efficiently. Such technological advancements are equipping accountants with abilities that make it easier to interpret that business language. It is because of this that an accountant is now viewed as most trusted corporation business adviser (2011). Therefore, the introduction of new technologies in terms of gadgets, software, applications, and machines is from day to day is always transforming the accounting profession for the better. This paper is going to explain this concept so as to give a clear insight into what the situation is like.On the intranet, extranet, and E-businessNowadays, those accounting professional that have better knowledge of the internet use it for e-business. They apply it in the execution of various business processes in an enterprise. This is proving to be of great significance in accounting in that most accounting firms are in a position to coordinate internal management activities while at the same time they are able to use digital networks enhance customers relationship. There are also enterprise based applications which are in most cases used on an enterprise network. This is called intranet and it's of great help as it is used to disseminate programs and corporate policies to the employees. This improves the means of communication within the organization as it eases how th e message is passed. Also, there is extranet which accounting professionals use to pass information to the outside world. It enables accounting firms to link with their clients. What this means, is that accounting firms, using this technology, they will be able to cut down on operation costs, have effective communication and also access their clients with much ease (Laudon, 2006).Input, output, and processingIt is a desire for most clients to have efficient financial processes. Also, it is a desire of most accountants to have an efficient way that will be able to track clients information efficiently. So far, the answer to their desires is the changing technology. There have emerged digital processes and programs that make it easier to organize and track clients information. Today, when clients information is fed into a computer program, the data is processed and converted into useful information and then output gets the information to an accountant (Laudon, et al, 2006). From this point, it is possible for accountants to interpret clients information with success. Also, a client data can be organized and stored safely on a computer system. Therefore, the advancements in technology are making it possible for accountants to protect clients sensitive data and at the same time make it available for statistical analysis. This has eliminated the risky file storage rooms (Torgerson, 2007). Evolution in technology is, therefore, making accounting more efficient, bringing clients satisfactory and also enables accountants to safely store and interpret information with much ease.Cloud computingCloud computing is one of the most recent technologies that have become popular. These services are being provided by different companies over the internet. The technology makes it possible to for an individual/organization to store information permanently. It also enables the use of applications on a remote server. Data is therefore stored permanently in a center that is shared b y many users (Laudon, et al, 2006). Accounting firms will therefore not have to buy anything but would rather pay monthly subscriptions for what they need. This has the effect of freeing up space on firms hard drive. This technology is providing a way for accounting to store their data as at the same time providing security for their data. Also, one of the major ways cloud is benefiting accounting is the fact that the system can be accessed from many locations. In addition, accounting firms are not worried about purchasing hardware, maintaining them or even buying accounting software. What cloud computing will do, is that it is going to transform service delivery in that accountants will be in a position to react fast and with much more flexibility to clients needs.Technology applications/software are minimizing accounting errorsThe recent changes in technology have equipped accountants with tools that they can make use of and minimize margin errors. In the presence of specialized a ccounting applications, word processing tools it easy to see why there will be a dramatic improvement in accuracy in the accounting field. Also, there will be a great reduction in margin errors. Most accounting professionals use word tools such as Microsoft Excel in data entry as well as running ledgers. Other organizations have invested in software and applications that simplify the process and at the same time ensure accuracy in both financial reports and ledgers (WetFeet, 2008).This is going to be of great benefit, in that accounting professional will know how they will evade errors that can attract tax penalties or inform a wrong decision. Therefore, such technological changes will better the accounting ...

The Sudan and Terrorism Essay - 1313 Words

The current government of Sudan led by the Arab leader Omar el-Bashir can be blamed for the terror and conflict that enveloped Sudan in the last decades. Omar el-Bashir has always been criticized for only defending and acting on the interests of the Arab Muslims located in the Northern Sudan while ignoring the Christians and Animist population in the south. The conflict that unfolded in these regions along with violence, hostility and dislocation of many people can be connected with the reign of the Arab leader in Sudan. Indeed, this reigning group or culture in Sudan affected not only the Sudanese but also other states in the region and the international community in general, most especially the United States since their reign produced†¦show more content†¦Other more lucky Sudanese resettled in the United States, Egypt and Kenya (CIA, 2011). As stated, Sudan is not exclusively a haven of conflict between Muslims, Christians, and pagans. It is also a haven for the breeding and training of regional and international terrorists. The poor and conflict-ridden Sudanese territories are ideal grounds for terrorists operations. Since 1993, Sudan was designated by the United States as a state that sponsors terrorism. Today, it remains of the list along with other six countries of Iran, Iraq, Cuba, Libya, Syria and North Korea (U.S. Embassy, 2011). Primarily, this is because of the failure of Sudan to respond to numerous repeated requests for information on many suspected training sites, safe houses and other activities of the terrorists in their area. It was concluded that Sudan houses and supports terrorist groups and other radical organizations such as Popular Front for the Liberation of Palestine, Hamas, Islamic Jihad, Hizbollah, Algerian FIS, Al-Nada, etc. (Blurr Collins, 2003). As a result, Sudan suffered from numerous ec onomic and financial sanctions from the United States and the United Nations. 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Irony, Allusion, Metaphor, Personification, Alliteration,...

Describe the setting of this novel. The boys are stranded on an unoccupied island. It seems as though it is somewhere in the Pacific in the 1950’s. It is an unknown environment which is very peculiar. As young boys, they expressed a great amount of enthusiasm once they arrived. After this initial feeling, the reality of the absence of adult supervision came to their realization, and the threat of the real world set in. This island possesses several jungle characteristics such as dense undergrowth. There is plenty of food and wild fruit. This is a deserted tropical island. Explain Golding’s use of the following literary devices using evidence from the novel: irony, allusion, simile, symbol, slang, repetition, personification, alliteration,†¦show more content†¦Personification: As mentioned on page 19, â€Å"Sleep enveloped him like swathing mirages that were wrestling with the brilliance of the lagoon.† Alliteration: The ululation rose behind him and spread along, a series of short sharp cries, the sighting call. The usage of the ‘s’ sound is used to deliver a abrupt and sneaky sound. Comic Relief: â€Å"He tried to convey the compulsion to track down and kill that was swallowing him up.† Jack is slowly transforming from civilized to savage. What is the dramatic situation at the beginning of the novel? Ralph is a twelve year old boy with fair hair who climbs out of a plane wreckage on an island towards a lagoon. He comes in contact with a boy who seems to be around the same age as him. They differ in appearance as this boy is fat and wears glasses. Ralph goes ahead and introduces himself. The fat boy doesn’t reveal his name, instead he tells a story about how his classmates at school gave him the nickname ‘Piggy.’ He reveals that he would prefer not to be called ‘Piggy’, but reluctantly, Ralph assigns that as his name. They discuss how both boys survived a plane crash in the Pacific Ocean and how there is an obvious absences of adult authority on this island. It appears as though both boys escaped from a war in their home countries. What causes the boy s’ terror? The belief that there is a beast on the island is what causes the boy s’ terror. Nobody sees it except them ,but the boys areShow MoreRelatedHello2980 Words   |  12 Pagesthese characters, things, events is meant to reveal an abstraction or a truth. These characters, etc. may be symbolic of the ideas referred to. Alliteration—The repetition at close intervals of initial identical consonant sounds. Allusion—An indirect reference to something (usually a literary text) with which the reader is expected to be familiar. Allusions are usually literary, historical, Biblical, or mythological. Ambiguity—An event or situation that may be interpreted in more than one way. AlsoRead MoreAmerican Literature11652 Words   |  47 Pagesof American Literature - 1900-1946 Content: ï‚ · ï‚ · ï‚ · dominant mood: alienation and disconnection people unable to communicate effectively fear of eroding traditions and grief over loss of the past Genre/Style: ï‚ · ï‚ · ï‚ · ï‚ · highly experimental allusions in writing often refer to classical Greek and Roman writings use of fragments, juxtaposition, interior monologue, and stream of consciousness writers seeking to create a unique style Effect: ï‚ · common readers are alienated by this literature Read MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 PagesCrane, the gangling schoolmaster in Irving’s The Legend of Sleepy Hollow, resembles his long-legged namesake. Names can also contain literary or historical allusions that aid in characterization by means of association. The name ‘Ethan Brand’, referring to the wandering lime burner who gives his name to Hawthorne’s short story, contains an allusion to the mark or brand of Cain a legacy of guilt that the outcast Brand shares with his Biblical counterpart. One must also, however, be alert to names used

Essay on Summary Of The Glass Castle Essay Example For Students

Essay on Summary Of The Glass Castle Essay Born abused raised to a soldierLife is an amazing thing just like Jeannette Walls’ in The Glass Castle. Add a sentence about her hardships. People are awesome and we do many great things in life. Some of us go on to making and creating amazing inventions and other gadgets. Some of us go on to doing heroic things with our life. Well all have great and amazing moments but sometimes we have not so great or even tragic events. I m not going to say I ve had it the worst like Jeannette, but I ve definitely have a story to tell. I have little memory in my head and I mainly have stories that I have been told. I grew up in a small one story house with about three rooms a bedroom/living room a bathroom and a kitchen, I can’t say it was cramped because I don’t even remember this house. My mother and I live with her boyfriend who she had plans to marry until he didn’t want to have to take care of a kid and wanted me to be put up for adoption. My mother said no and she ended up leaving him. We traveled to my grandparents who lived in Sandusky pretty much next to downtown historic Sandusky. I spent most of my time with grandparents while my mother worked a job as a nurse. She was gone most of the time, I would usually get up to eat breakfast and then be able to say goodbye, she would then come home late and I don’t remember what time. The only thing I remember about her coming home was the sound of our front door opening and closing because I was already in bed. My grandparents did an amazing job managing their already busy and hard life schedules to help me. My grandfather almost losing his job one day cause he picked me up after school, I couldn’t ask for a more amazing family. It remained this way for about four years. Next comes . .amazing. I am enlisting in the US Army as 31K (Military Working Dog Handler) I will have to go through a 27 week training. Nine weeks being at basic combat training and 18 weeks training to be a military police k-9 unit. This just goes to show you. Like Jeannette walls said â€Å"I lived in a world that at any moment could erupt into fire. It was the sort of knowledge that kept you on your toes.† Jeannette Walls, The Glass Castle. It s true that I have as well and it takes a major amount of strength in order to step up and do the things that can’t normally be done.I close this essay with a message to anyone who may be reading this or even have the same troubles as me. Life will always throw challenges in your way, you will be lost at times and even scared to death. But in the end you will prevail. â€Å"Each day of life is a gift, that is why it is called the present† ~Anon

Operations Management Theory and Practice

Operation management explains the processes that a product or service passes through during its production. It deals with the design, manufacture, services, and supply of the product. Operations management deals with the procedures that ensure that a firm delivers the desired product and service to the client.Advertising We will write a custom essay sample on Operations Management: Theory and Practice specifically for you for only $16.05 $11/page Learn More It considers the concepts of quality, efficiency, and responsiveness to customers (Mahadevan, 2010). These concepts relate to the methodologies of operation management, which includes; operating budget, productivity enhancement tools, peripheral operations, and open line of communication within the staff. This paper reflects on the relevance and the practical applications of concepts and methodologies of operation management. The operating budget finances the continued activities of the organization. The money kept under the operating budget primary function is to fund the activities of all units in the business. In addition, the productivity enhancement tools cut down the costs and concurrently, increase the profits. This makes the products relatively expensive for the customers. The organization makes use of pie charts, flow charts and the other presentation models to enhance better understanding. Moreover, every employee in the organization is accountable for an effective operations management (Mahadevan, 2010). For this reason, the organization uses open line communication between the different departments. This process is virtually important to everyone within the firm, both the employees and the clients. Therefore, these methodologies relates to the concepts of quality, efficiency, and responsiveness to customers. Operation management is of significant benefit to the organization. When the business effectively uses its available resources and work force in production proce ss, it will meet their clients’ requirements. Therefore, the management must be creative, energetic, and innovative to improve the production process.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This will increase the company’s profits because the customers will be satisfied due to the high quality of products and services. The organization also cuts on the cost of production. Mahadevan (2010) explains that operation management provides a background to the future innovations by supporting new ideas and knowledge of employees within the business. Therefore, the operation management is of importance to the success of the business. The operation management is a chain of activities that all depend on each other for successful outcome. The processes are inter-related, therefore, operation management has to effectively check and monitor these activities. This is the principal di sadvantage, the marketing functions, finance, procurement, production, distribution and all other activities has to co-relate well for a successful completion. If the processes are not in place to work together, then the process will fail. It is of value to have a clear understanding of this topic. Operation management is a wide topic that covers an important part in any organization (Mahadevan, 2010). If ignored, then the management must prepare for low profit margins and customer dissatisfaction. Finally, the concepts and methodologies discussed above apply to all working environments. Importantly, the business responsiveness to customer satisfaction is vital. The organization must work with the aim of meeting the demands of their clients. Again, the methodologies involved gives more credit in meeting the clients satisfaction. On the other hand, if these concepts and methodologies are not applied, the business is at a risk of customer dissatisfaction and lack of production. This a ffects the profit profile of the business, as their profits decreases.Advertising We will write a custom essay sample on Operations Management: Theory and Practice specifically for you for only $16.05 $11/page Learn More Anyone recommending these concepts and methodologies of operation management ought to present them as critical requirements in an enterprise. For a less knowledgeable audience, this topic is an inclusive monitoring of all the processes that a product or a service undergoes to completion. Reference Mahadevan, B. (2010). Operations management: Theory and practice. Upper Saddle River: Pearson. This essay on Operations Management: Theory and Practice was written and submitted by user Emiliano Gould to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.