Operations Management (OM) is the systematic direction and control of the processes that transform inputs (labor, energy, materials, information) into finished goods or services. For the modern manager, OM is not a back-office function but a critical source of competitive advantage, determining the company's ability to compete on cost, quality, speed, and flexibility.
Posts tagged as “optimal size”
Span of control refers to number of people who are working directly under a single manager. The number of subordinates he can effectively supervise.