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Operational Strategy Followed by Construction Firms

In: Business and Management

Submitted By saiham
Words 1792
Pages 8
Yes, I agree with the opinion-that, construction firms use operations strategies in their firms in order to gain and attain profits. Eventually, in today’s time like other industries, construction firm also have no way without implementing operation management strategy in their firms.
A successful business operates by knowing what it does best, why it does what it does and what it needs to do to stay focused and gain market share. It has a clear vision of why the business exists and what measurable results are expected to keep it winning for a long time. The purpose of a business is to give the owner what he or she wants. In publicly traded companies, stockholders want three things: quarterly earnings or profits, increasing stock values and revenue growth.

Operations Management:

Operations Management is more about running the entire business than just the production line, and involves accounting, pay, personnel, shipping, and all aspects of a business. The point of operations management is to fully integrate all operations so the company operates as an integrated coordinated whole, rather than as separate, independent departments each doing their own thing.
The operations manger need to look at ways to coordinate purchasing, accounting, planning, production, personnel, maintenance and training. If any one of these becomes disconnected from the others, then you get bottlenecks outside of the production line that slow down production.
For instance, if personnel does not hire enough electricians, then the installation of wiring slows down. On the other hand if the production manager does not communicate to personnel how many people they need and when, personnel won't hire them. So all functions have to be a coordinated effort.

Why strategic operations management is necessary in construction firms:

The traditional philosophy of operations management in...

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