Issues Faced by Operations Managers Essay Example | Topics and Well Written Essays - 1250 words

Issues Faced by Operations Managers - Essay ExampleShortage of funds in financial market preserve create a problem for managers because supply of m unitaryy in company leads to different financial activities. Continuous supply is truly important for any company to operate.Managers also need to know that what their competitors are doing in the industry. They cant ignore competition around them in this dynamic world. Managers need to be informed that what they are doing in terms of Product development, Pricing, Marketing strategies and many more things. Any type of activity that the competitors do can create scores of problem for the managers.Every organization has an aim to be Global. Managers need to face many difficult situations when they are in foreign countries. They need to tackle authentic factors for success when they are abroad. That includes Legal/Political Environment, Economic Environment and Cultural Environment.While going Global managers need to understand the Polit ical and Legal uncertainties in the country they are doing their business. They should be aware of the Specific Legal laws of that country because if they dont know the Legal procedures of that country it can create many problems for them. Many countries lose a history of unstable governments therefore managers face dramatically greater uncertainty as a result of political instability. For example the goal of one government is to nationalize the important sectors of the country where as the goal of the other government is to have free enterprises to promote free market economy. Economic environs can also affect managers decision. The three most important factors in affecting manager decision are Fluctuating currency exchange rates, ostentation Rate and Tax policies. If the country has a high inflation rate in which they are operating can result in high productiveness cost which can ultimately decrease their profits. Tax policies are the most concerning for managers. If tax polici es are restrictive managers can face challenging situations. Managers need contain information of tax rules so that they can overcome with all the tax obligations.Managers also need to understand the culture of the country in which they are operating. variant countries have different cultures and managers must know they difference of each culture. This is very important factor for managers to take care of, because if they fail to understand the cultural determine of that country they cant serve their products and services to the people of that country. For example if a company who is manufacturing Alcohol and is operating in USA and then they open a sort out of their company in Saudia Arabia, But as Saudia Arabia is an Islamic State they cant sell the Alcohol in that country because they cultural and religious values doesnt allow them to drink, that can create huge problem for the managers of that company. SOCIAL RESPONSIBILITYTodays organizations are moving towards social respo nsibility. Managers have to be careful while going for socially accountable because being socially responsi