1. What are two or three critical factors affecting operations management (OM) today? Briefly explain how each factor affects operations management. Of these, which do you believe is the most important one? Why?
Expert Answer
Three critical factors affecting operations management (OM) today are:
1) Globalization
2) Sustainability
3) System setup
This is not the exhaustive list of factors affecting operations management but these are the most important ones.
Globalization means that businesses are becoming global nowadays where tarde restrictions have been reduced by the nations and they are moving towards open economy hence allowing even players from small economies to make their product
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