Discuss How Operations Management Applies to the Service Sector

question 63

Essay

Discuss how operations management applies to the service sector.

---

Definitions:

Divisional Assets

Resources and property allocated to a specific division within a larger organization, instrumental in generating revenue.

Responsibility Center

A business segment or department within an organization whose manager is accountable for specific financial and operational outcomes.

Investment Center

A business segment within a company for which the manager is responsible for generating revenue and controlling costs, with the ability to make significant investment decisions.

Department Manager

An individual responsible for overseeing a specific department within a company, ensuring its efficient operation and alignment with the organization's goals.