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(Solved): "What are the fundamental principles of operations management and how do they contribute to organiza ...



"What are the fundamental principles of operations management and how do they contribute to organizational success? Discuss the key concepts such as efficiency, effectiveness, and flexibility in operations management. How do businesses optimize their processes to minimize costs while maximizing output? Explain the role of operations strategy in aligning operational activities with overall business objectives. How do factors like technology, globalization, and supply chain management impact operational decision-making? Provide examples to illustrate these concepts."



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