Innovative approaches to management
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Date
2024
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Олді плюс
Abstract
Management in manufacturing companies seeks to increase operational efficiency and profits while minimising costs. To achieve this, managers use various management approaches. The main ones include functional, process, system, situational and dynamic approaches. Manufacturing companies operate in an area where each firm has its own unique characteristics related to production processes, resources and market conditions. Because of these specificities, it may be inefficient or even impossible to directly copy the management solutions of other companies. Instead, management professionals strive to adapt existing methods and develop new approaches that take into account the specific industrial production of a particular company. This includes the analysis and optimisation of production processes, resource management, labour organisation and product quality management. Recently, there has been a growing interest in hybrid management approaches that combine best practices from different industries and take into account the diversity of factors affecting manufacturing operations. Such hybrid approaches can provide companies with greater flexibility and help them achieve optimal results in a variable and competitive environment.
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Keywords
management, manufacturing company, management approach, innovation, production management, enterprise management, innovation management
Citation
Yan Ning. Innovative approaches to management / Ning Yan // Збірник тез доповідей студентів, аспірантів та здобувачів – учасників 80-ї звітної конференції Одеського національного університету імені І. І. Мечникова (присвячується 159-й річниці університету). Секція економічних і правових наук (Одеса, 23–25 квіт. 2024 р.) / відп. ред. О. В. Побережець ; ред. кол.: О. І. Донченко, Є. І. Масленніков, А. Л. Святошнюк та ін. – Одеса : Олді+, 2024. – С. 322–325.