Define operations management

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1. Define “operations management” giving an example. What is meant by a “transformational model” in operations Management? The general model of operations management is that every business is managed through these major functions - explain them: • Marketing • Operations • Finance.

2. Toyota had a major problem with unexplained acceleration in several of its top models in 2010. It closed down production and stopped sales of multiple models. What types of research might Toyota have conducted to make these decisions? Explain with proper reasoning.

Reference no: EM132234077

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