Question

Transformation is enabled by 5 Ps of OM. What are these 5 Ps primarily focused on?

A) People, Processes, Products, Promotion, Pricing
B) Planning, Production, Performance, Profit, People
C) Productivity, Process, People, Planning, Profit
D) Pricing, Promotion, Profit, Processes, People

Answer 1

The 5 Ps of OM (Operations Management) are primarily focused on productivity, process, people, planning, and profit.

Step-by-step explanation:

The 5 Ps of OM (Operations Management) are primarily focused on Productivity, Process, People, Planning, and Profit.

Productivity refers to the efficiency and effectiveness of transforming inputs into outputs. Process involves designing and managing the operations to achieve desired outcomes. People are essential in carrying out various tasks and responsibilities. Planning ensures strategic alignment and decision-making. Profit is the financial aspect of operations management, aiming to generate revenue and maximize returns.