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Summary AOM4801 summarised topic 2 notes

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The document is an outcome of internal and external research as it gives up to date examples that apply in today`s operations management. Theories and models are summarised and simplified with vivid examples.










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Summarized whole book?
No
Which chapters are summarized?
2
Uploaded on
June 8, 2021
Number of pages
11
Written in
2021/2022
Type
Summary

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Compiled by Tello Email: mobile:+27717513144




DISCLAIMER
The study pack is centred on AOM4801 study guide. It is a product of internal and external
research that includes the study guide, prescribed text books and other authentic external
sources. It is therefore, advised for students not to share it as it is for the benefit of up-to
date paying students for financial intelligence group. For clarity, students are free to call
on the provided number and/ email.




+27717513144 Page 1

, Compiled by Tello Email: mobile:+27717513144


Table of Contents
DISCLAIMER ...................................................................................................................... 1
AOM4801 Part 1 Section 2 ................................................................................................... 3
Measuring performance in operation and value chains. .......................................................... 3
i. Financial measures. .................................................................................................... 3

ii. Quality ....................................................................................................................... 3

a. Tangibles ................................................................................................................ 4

b. Reliability ............................................................................................................... 4

c. Responsiveness. ...................................................................................................... 4

d. Assurance. .............................................................................................................. 4

e. Empathy.................................................................................................................. 5

iii. Productivity and operational efficiency. ...................................................................... 5

Linking Internal and External Measures. ............................................................................... 6
The value of a loyal customer (VLC). ................................................................................... 7
Models of organisational performance. .................................................................................. 7
Malcolm Baldrige Performance Excellence Framework. .................................................... 7

The balanced score card..................................................................................................... 8

i. Financial Perspective: ................................................................................................. 9

ii. Customer Perspective: ................................................................................................ 9

iii. Innovation and Learning Perspective: ......................................................................... 9

iv. Internal Perspective: ................................................................................................... 9

Bibliography ....................................................................................................................... 11




+27717513144 Page 2

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Financial Intelligence Group

We offer assignment packs and summarized notes with vivid up-to-date examples and illustrations for different commercial and humanities degrees. Our aim is to make the learning process easier for the students in colleges and universities.

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