With more and more companies establishing global supply chains while integrating the top management, design and marketing in their home market, Operations Management has become the buzzword. An MBA in Operations Management gives the student the ability to run their own factory after they graduate, or head a large retail chain as well as manage a fast growing company. One of the purest kinds of general management, MBA Specialization in Operation Management is meant for those who want to do something different than just finance or marketing. Mastering it early in their career gives them a high scope to understand efficient production and well as distribution of various products and services. After all, they are the key components of any business one might venture into. With operations being seen as a key source of competitive advantage, Operations Management Personnel are much in demand.
Skills Needed to Excel in the Field
Job seekers in the field of MBA Specialization in Operations Management need to have excellent communication and planning skills. They need to show their ability to quickly and flawlessly integrate technical knowledge with operational practice. But that’s not all. Following are the set of skills which are desired in anyone opting for this unique and enticing specialization program.
1. Ability to make quick business decisions which demands the application of quantitative approaches. The process of Business decision making also entails the competent use of computer systems and programs.
2. Learning to apply the legal principles and accounting theories in a business environment. The legal perspective of accounting and business operations is a must.
3. Making financial and economic decisions that are drawn from both macro-economic and micro-economic levels.
4. Ability to apply the management and marketing techniques in the business ethos, by assessing the resources of the workplace and making financial decisions based on it.
5. Leading and managing all aspects of business, including supply-chain management, financial management and project management.
6. Learning the fundamentals of organizational behavior to understand the consumer purchasing patterns and behavior in a very in-depth manner.
7. Ability to take on the wide ranging issues and challenges in operations management in a very well thought and planned out action pattern.
8. Ability to take full charge of products and services with quality assessment and control.
Thus, meeting the customer standards with quality control and adding the fact that one needs to know how the products must be delivered is the core of MBA Specialization in Operations Management.
The broad areas of the curriculum include:
1. Service Operations: The course deals with creating sustainable and distinctive service strategies, along with executive service models that help in the thriving of owners, employees and customers. It also includes productively leveraging analysis and data regarding the business model of the firm. It makes the student capable of adapting to the changing competitive landscapes and evolving needs of the customer.
2. Operations Strategy: It includes the perspective of nurturing and enhancing enterprise growth by keeping in mind the operational challenges that have a pivotal impact on their progress. The course integrates the fundamentals of organizational design, finance and corporate strategy. It is even suitable for students who want to further take on entrepreneurial careers. It deals with interesting questions as to why profits are so difficult to sustain over a long period of time, how operational diversification can be managed and what kind of growth strategies should be implemented.
3. Supply Chain Management: The course focuses on how information and material flows should be managed within a firm across organizational and functional boundaries. It also deals with the fundamentals of strategy, leadership and marketing.
4. Successful Enterprise Sustenance: It includes the various methodologies needed to revitalize a growing enterprise, learning to do businesses, understanding the tools of management, using the strategies and effective methods in the implementation process.
Potential Career Options on Graduation
There are a wide range of career options after MBA Specialization in Operations Management. It includes being a Supply Chain manager, Logistics Manager, an Inventory Control Manager or a consultant offering valuable advice to organizations. In essence, this MBA Specialization breaks away from the current paradigms and focuses more on innovative approaches while dealing with business firms, public and private enterprises. Qualified professionals are therefore much in demand and the demand is only slated to increase as companies try and create sustainable competitive advantage.