Business Studies Recap Day 27 - Operational Objectives
On day 27 of the year 12 recap we look at the main operational objectives which a business may have in mind when delivering a good or service to the market.
The operational side of the business is related to how efficiently a business allocates resources to different stages of the supply chain to ensure that a product is delivered at the right price, pitched at the right quality and delivered on-time to the market. However, as businesses grow, the supply chain becomes elongated and more complex, and the art of managing the operational division of the business becomes more challenging. Therefore, it is important for a company to hold a series of core operational objectives to ensure the business remains focused and disciplined in this area.
Here Jack guides you through the revision slide on operational objectives: