Explain How Technology Has Influenced Operations Management

question 18

Essay

Explain how technology has influenced operations management.

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Definitions:

Global Uniformity

The tendency towards minimization of cultural and operational differences across various regions, aiming for a consistent global approach or standard.

Cultural Issues

Challenges that arise from differences in language, norms, beliefs, and practices among people from various cultures.

Maturity Stage

A phase in the lifecycle of a product during which growth slows, indicating a saturation of the market segment it occupies.

OM Strategies

Refers to the approaches and methods implemented in Operations Management to efficiently produce goods and services.