MGT301 Operations Management

MGT301 Operations Management

Free Samples

MGT301 Operations Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MGT301 Operations Management

0 Download8 Pages / 1,788 Words

Course Code: MGT301
University: Help University is not sponsored or endorsed by this college or university

Country: Malaysia


Read the article Advancing Theory in Entrepreneurship from the Lens of Operations Management by Phillip Phan & Chester Chambers and answer the following question:
(a) Explain how Operations Management (OM) research can complement Entrepreneurship theory
(b) Conduct a literature review on Operational Entrepreneurship.

Literature review on Operational entrepreneurship

The main aim of this task is to evaluate the significance of operation management and entrepreneurship. Entrepreneurship and operation management are two important concepts that increase revenue and minimize the risk of the firm. OM helps to develop and build entrepreneurship theories. Entrepreneurship provides several long-term benefits to the organization. On the other hand, operation management is an important function of the organization which is responsible for managing and handling the process of creation of products and services. The employees have been able to maintain coordination and control through operation management. Further details of the task have been discussed below.
Drucker (2014) said that entrepreneurship is the process of launching; designing and running a new and innovative business which is often initially a small business and the people who generate these businesses are called entrepreneurs. Kirzner (2015) defines that entrepreneurship as the willingness and capacity to organize, manage and develop a business and venture with any of its risks in order to gain profits and revenue.  It plays a significant role to attain long-term goals and objectives. It also helps to increase and maximize the revenue and returns. Entrepreneurship has transformed many entrepreneurs into powerful business individuals and generated revenue for rural communities (Szirmai, Naudé & Goedhuys, 2011). It is observed that entrepreneurship can be used in a different sense by researchers from India and other countries. In the middle age, the term entrepreneur was used to explain both individual and an actor who handled and managed several production projects. Abrams (2017) defines that entrepreneur operates and organizes a business and enterprise for personal gains and profits. He pays current prices and costs for the material used in the venture and business, for the consumption of the land, for the personal and individual services he employs and for the capital he requires. He uses his own skills, initiative, capabilities, ingenuity, and potential in planning, administering and organizing the business and enterprise. Also, he estimates the chance of gain and loss to uncontrollable and unforeseen situations and circumstances. The newness and innovation is an essential part of the entrepreneurship (Kirzner, 2015). Entrepreneurship is not limited to any one country, specific industry, group of persons, it exists in everyone however it depends on individuals needs, requirements, and desires. Enterprising behavior is found in all communities and in all types of economic situations. An entrepreneur is a person who drives the process economic growth and mediates outputs and inputs of the economic system. In the wider sense, an entrepreneur may be defined as an individual and person who has the ability to expand the environment, analyze the opportunities for development and improvement, organize resources and execute actions and steps to capitalize on those opportunities. Entrepreneurs provide a wide range of opportunities and profits. Entrepreneurs also called risk takers because they bring about new products and services and certainly, add colors to a community (Schaper, 2016).
On the other hand, operation management plays a significant role in entrepreneurship.  Operation management is an integral part of every business and enterprise. The firm cannot attain success and growth without effective and dynamic operation management (Heizer, 2016). Farahani, Rezapour & Kardar (2011) define that operation management is the administration and management of business practices to create the highest level of efficiency and effectiveness within an organization. It is concerned with converting raw material and labor into finished products and services to maximize and increase the profit and revenue of the firm. Entrepreneurs and managers are responsible for critical activities such as quality management, purchasing, capacity planning, material management and scheduling. In today’s era, the significance of operation management is increasing day by day. It also helps to beat the competitors and to stand out against competitors in the global market (Subramanian & Ramanathan, 2012). The main aim of the operation management is to understand the potential and future requirements, desires, needs, and expectations of the customers and to work closely with customers, partners, and suppliers to attain the quality objectives. In addition, operation management also helps to deliver the high quality of work and products to the customers in the international market. It also measures and identifies customer satisfaction and service performance at an appropriate level. Operation management also helps to improve and enhance the performance and effectiveness of the employees as well as organization. After the various researchers, it has been analyzed and emphasized that operations management has a quite different nature compared with other areas in management research, as it addresses both human and physical components of the firm (Farahani, Rezapour & Kardar, 2011).
Let’s talk about an example, Maxis is a good example of operation management who manage and maintain effective supply chain, logistics and operation management to run the business activities and operations effectively and successfully. Maxis Berhad is a communications service provider in Malaysia with its headquartered is located in Kuala Lumpur, Malaysia. The company provides a wide range of communication products and services. It is only possible through the effective and dynamic operation and supply chain management. The firm handles and manages the business and operational processes to provide support the business teams for rendering products and services to the customers in the global market. The organization also provides support to the workers, manage documents and systematize several office and equipment needs and requirements. Along with this, the firm promotes and enhances safe and secure working environment by using effective and unique operation management. Now it is assumed that operation management plays a vital role in every company in order to increase profitability and returns in the competitive market (Peng & Lai, 2012).
There is a close relationship between operation management and entrepreneurship. There are several variables and components affect the success and growth of new ventures and businesses. Thus, entrepreneurship plays an integral role to start a new venture in the international market. Entrepreneur evaluates and analyzes the external environment to capture the entire market. Successful and powerful entrepreneurs are called societal heroes and role models. They are able to take various types of market risks and challenges. Entrepreneurs are involved in the operations and activities of the firm and they make dynamic decisions to accomplish long-term objectives and goals. They evaluate and identify the plans, policies, and strategies of the competitors to gain competitive advantages in the global market. The production and operations management should also help to develop and build a better understanding of the information-intensive contexts in which technology and innovation commercialization occurs. The company also ensures whether the supply chains and warehouse are properly working with great and high efficiency and effectiveness or not. Furthermore, they also provide support to fulfill the operational and business needs, desires and requirements. Along with this, SWOT analysis, porter five forces analysis, and Pestle analysis are done by the company to analyze and identify the strengths and weaknesses of the competitors.
Goodale, Kuratko, Hornsby, and Covin (2011) said that operation management plays a significant role in the development and expansion of theory in entrepreneurship. The operational excellence is one of the important competitive weapons for the organization. There are several elements that can lead to operational excellence such as human resource management, operations strategy, leadership, and culture. In large firms, operation management acquires the biggest portion of the workers and assets, reflecting the significant impact on the quality of goods, products, services, product delivery, customer service and customer interaction efficiency and effectiveness (Crook, Todd, Combs, Woehr & Ketchen Jr, 2011). The organizations believe that if they want to capture the market and compete, they should continuously improve and enhance their operational efficiency and effectiveness. In today’s modern world, operation managers are facing enormous challenges and barriers for improving and enhancing quality while reducing costs and yet maintaining sustainability and social responsibility. The corporate entrepreneurship and operation management are interconnected with each other. Innovative and new technologies are used by the entrepreneurs to gain long-term advantages globally (Kim, Kumar & Kumar, 2012). All the activities of the market and competitors can be evaluated and measured by entrepreneurs, thus it helps to attract more customers in the market. On the other hand, optimum utilization of resources can be possible through operation management and total quality management. Operation management also improves and enhances the system and process that produce or deliver products and services of social and economic value while entrepreneurship monitors on creating new systems, goods, services, and processes.  It also manages and handles the problems of entrepreneurs.  None of the company can attain profitability without operation management and entrepreneur (Kickul, Griffiths, Jayaram & Wagner, 2011).
On the above-mentioned event, it is analyzed that operational entrepreneurship is an integral part of the business and organization. Furthermore, operation management plays an important role to develop and improve the theory of entrepreneurship. An entrepreneur is one who performs the task effectively and handles entire market risks and hurdles. It helps to fulfill mission and vision of the firm. Entrepreneurship and operation management are two important factors in every firm. These factors also help in planning and organizing several activities and operations. In addition, TQM provides useful insights that can lead to new and innovative theoretical structure and framework in entrepreneurship.
Abrams, R. M. (2017). Entrepreneurship: A Real-World Approach. Planning Shop.
Crook, T. R., Todd, S. Y., Combs, J. G., Woehr, D. J., & Ketchen Jr, D. J. (2011). Does human capital matter? A meta-analysis of the relationship between human capital and firm performance.
Drucker, P. (2014). Innovation and entrepreneurship. Routledge.
Farahani, R., Rezapour, S., & Kardar, L. (Eds.). (2011). Logistics operations and management: concepts and models. Elsevier.
Goodale, J. C., Kuratko, D. F., Hornsby, J. S., & Covin, J. G. (2011). Operations management and corporate entrepreneurship: The moderating effect of operations control on the antecedents of corporate entrepreneurial activity in relation to innovation performance. Journal of operations management, 29(1), 116-127.
Heizer, J. (2016). Operations Management, 11/e. Pearson Education India.
Kickul, J. R., Griffiths, M. D., Jayaram, J., & Wagner, S. M. (2011). Operations management, entrepreneurship, and value creation: Emerging opportunities in a cross-disciplinary context.
Kim, D. Y., Kumar, V., & Kumar, U. (2012). Relationship between quality management practices and innovation. Journal of operations management, 30(4), 295-315.
Kirzner, I. M. (2015). Competition and entrepreneurship. University of Chicago press.
Peng, D. X., & Lai, F. (2012). Using partial least squares in operations management research: A practical guideline and summary of past research. Journal of Operations Management, 30(6), 467-480.
Schaper, M. (Ed.). (2016). Making ecopreneurs: developing sustainable entrepreneurship. CRC Press.
Subramanian, N., & Ramanathan, R. (2012). A review of applications of Analytic Hierarchy Process in operations management. International Journal of Production Economics, 138(2), 215-241.
Szirmai, A., Naudé, W., & Goedhuys, M. (Eds.). (2011). Entrepreneurship, innovation, and economic development. Oxford University Press.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.


Yes, alert me for offers and important updates


Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 8 pages


*The content must not be available online or in our existing Database to qualify as

Cite This Work
To export a reference to this article please select a referencing stye below:


My Assignment Help. (2021). Operations Management. Retrieved from

“Operations Management.” My Assignment Help, 2021,

My Assignment Help (2021) Operations Management [Online]. Available from:[Accessed 18 December 2021].

My Assignment Help. ‘Operations Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Operations Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from:

.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}


Thank you for your interest
The respective sample has been mail to your register email id


$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1

Account created successfully!
We have sent login details on your registered email.



With time, has become one of the best college essay writing service. Our comprehensive coverage of essay topics coupled with logical synchronous paragraphs, sound grammar and punctuation, usage of recent facts and examples have helped many students score guaranteed As. Our services are quick and can satisfy any pressing deadline. Some of our most common essay services include college application essay, literature reviews, selecting essay research paper topics and more.

Latest Management Samples

div#loaddata .card img {max-width: 100%;

MPM755 Building Success In Commerce
Download :
0 | Pages :

Course Code: MPM755
University: Deakin University is not sponsored or endorsed by this college or university

Country: Australia

The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…

SNM660 Evidence Based Practice
Download :
0 | Pages :

Course Code: SNM660
University: The University Of Sheffield is not sponsored or endorsed by this college or university

Country: United Kingdom

Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :

Course Code: BSBHRM513
University: Tafe NSW is not sponsored or endorsed by this college or university

Country: Australia

Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :

Course Code: MKT2031
University: University Of Northampton is not sponsored or endorsed by this college or university

Country: United Kingdom

Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :

Course Code: MN506
University: Melbourne Institute Of Technology is not sponsored or endorsed by this college or university

Country: Australia

An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 


Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

Powered by

× WhatsApp Us