Professional Documents
Culture Documents
Operations Management This shows the flow of the manufacturing process of the
products and goods that the firm needs to sell in the
market to be globally competitive.
An innovation of products to be sold is their operational
strategy in this area
Financial Management This area focuses on the sales, revenues and expenses of
the firm whether it is gaining profit or have financial
losses.
Here financial statement needs to be reported yearly
among the different areas of management in order to
determine the position of the company in terms of
growth, stability and decline.
Material and Procurement This is the proper distribution of materials and supplies
Management in the right time and places to prevent delay
transactions.
This area of management stress out the process of
purchasing raw materials and supplies from the supplier
to monitor the stocks delivered from the company
warehouse.
ACTIVITY
Instruction: Imagine that you are a marketing manager in the firm which is focus on its internal factors. List at
least five strengths and weaknesses relating to business operation of the organization in the Marketing
Management area. Write your answers on the given table. (20 pts)
STRENGTHS WEAKNESSES
1. 1.
2. 2.
3. 3.
4. 4.
5. 5.