Operations management is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization.
Strategy and Business Planning
A strategic business plan is a written document that pairs the objectives of a company with the needs of the market place. Although a strategic business plan contains similar elements of a traditional plan, a strategic plan takes planning a step further by not only defining company goals but utilizing those goals to take advantage of available business opportunities.
Financial Management is a vital activity in any organization or department. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve both organizational and departmental goals and objectives.
Sales and Relationship Management
In fact, the sales industry is one that is largely built on relationships. Your prospecting team is responsible for building sales relationships with clients initially, and your sales reps have to maintain and improve upon those relationships.