Operation management Assignment Example | Topics and Well Written Essays - 1500 words - 1

Operation management - Assignment Example Top among the priorities remains the element of competition from existing hotels within the region. The organisation must ensure the competition aspect of the business becomes effectively addressed for successful entry into the market. This research seeks to undertake an analysis of the existing competition within the market, and enable the organisation to make informed decision about commencing with the project. This will involve conducting internet based research to establish the market situation within the target region. Competition among organisations can be conducted through different approaches, including the adoption of effective operations strategies. The development of an effective operations strategy involves undertaking research to understand the components and measures of efficacy in operations (Lewis et al. 2010). Efficiency of operations remains a fundamental component of cost-cutting which ensure organisations increase their profitability. Before the development of these strategies however, numerous conditions must become satisfied to ensure the strategies function effectively, within a competitive market (Brown et al. 2013). Operating efficiency remains a fundamental indicator of the operations capability within an organisation. Analysing the operating efficiency of competitors can enable an organisation to adopt better operation initiatives and improve the processes, for increased profitability. Within any market, competition remains an ever present element when conducting business. Successful entry into a market involves conducting an analysis of the existing competition in order to develop competition strategies, which will ensure successful market entry. As a new entrant, the market dynamics utilised in enhancing competitiveness within the market become essential features, which organisations can utilise to compete effectively. Undertaking a competition review enables a new entrant to understand