MANAGING BUSINESS OPERATIONS Essay Example | Topics and Well Written Essays - 1750 words

MANAGING BUSINESS OPERATIONS - Essay Example Public stakeholders who consist of area residents, local entrepreneurs, and foreigners touring the area in question are some of the many stakeholders drawn in with issues affecting the Olympic Games. Other major stakeholders include the government, sports and tourism organizations, volunteer organizations, and the Organizing committee for the Olympic Games. Officials from each host city strive to host the best games possible, envisioning the longevity of positive impacts. Mega sporting events such as the Olympics, Paralympics and the FIFA World Cup have significant potential to leave a social, economic and infrastructure legacy for the host community and country (Coward, & Konstantinidis, 25). In fact, the events are often marketed on this basis. The potential legacies are recognized in the charters of both the International Olympic Committee and the International Paralympics Committee (Dickson, Edwards, Darcy, Benson, & Blackman, 34). Operational management was a huge part of prepar ing for the Olympics (Nick 4). All characteristics of project management including performance time and costs were to be analyzed and properly executed. It is important for a logistics person to keep in mind having time to plan, good communications, careful tracking and control, meeting the deadline and meeting goals (Richard 12). Risk management was also a big part of the management issues. Risks can stem from the area of security, public health, technology, economics or natural ecology (Chopra, Deshmukh, Mieghem, Zemel & Anupindi, 55). In the run up to the Olympics, ensuring readiness for games involved strategic pre emption through stress testing and scenario planning (Seguin, & O’Reilly 12). UPS Operations Strategies Operations strategies provide an overall direction that serves the framework for carrying out all actions in an organization. It shapes up the long term capabilities of any type of operations and contributes to the overall strategy by bringing together market requirements and operations resources. It is an instrument which helps in defining the processes of producing goods or services offered to customer (Chase, Jacobs & Aquilano 108). UPS Values include integrity, teamwork, service, quality and efficiency, safety, sustainability, and innovation (Deepa 8). The company aims at growing worldwide business by offering excellence and value in all that they do and by meeting all the logistics needs of their customers. The company maintains strong finances and broad employee ownership; this leads to a long-term competitive return to the share owners. UPS aims at Inspiring by offering chances to individuals and business partners to do their best, for personal development and success (Greg 3). They lead by example as a caring, responsible and sustainable organization developing the society they serve. UPS Enterprise Strategy UPS strategy is based on Creation of value for customers (Lambert , Miriam &Â  Susan 3) - This is through demonstrating h ow the power of logistics can create a competitive advantage for our customers. By offering products and services, that expands customers’ access to global markets. It can also be done through configuring a broad portfolio of solutions for targeted industries. And finally, by offering industry-leading technology that simplifies and improves customers' business processes (Jesse &Â  Ronald 7). The Company also wants to continually transform to strengthen its leadership position. UPS aims at delivering an exceptional customer