From Dr. W. Edwards Deming’s 14 Points: Eliminate work standards (quotas) on the factory floor. Substitute leadership. Eliminate management by objective. Eliminate management by numbers, numerical ...

The operations department of a company is responsible for smooth and profitable production. If your operations department is running tightly, your company will produce what it needs to produce when it ...

Teamwork and cohesion are key components in a successful business. If the management and employees respect each other and work towards mutual goals, the business is likely to turn a profit and keep ...

Operations management is a multi-disciplinary field that focuses on managing all aspects of an organization’s operations. The typical company carries out various functions as a part of its operation.

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...