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Describe the group development process, listing the stages in order and discussing what goes on in each. How does understanding this process make a manager more effective?
Consumption
The process of using goods and services to fulfill needs or desires, typically referring to the end-use of products by individuals or households.
Mass Production
The manufacturing of large quantities of standardized products, often on assembly lines, enabling economies of scale.
Operations Management
This sector of management deals with formulating and managing the processes involved in producing and innovating business operations for the production of goods or services.
Just-In-Time Performance
is an inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
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