Authors :
Dorcas Nana Efua-Sekum Ewur
Volume/Issue :
Volume 6 - 2021, Issue 12 - December
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3p55bRT
Abstract :
The act of risk identification is not enough
when considering effective operational management for
manufacturing. This require a thorough understanding
of risk, it types, management and how to alien with
various operational practices. The study adopted a
qualitative approach to help delve into the subject
matter. The study examined the day to day activities of
plastic manufacturers in Ghana; risk components
associated with their activities likewise their operational
management practices for effective management and
profit maximization.
The study adopted a qualitative approach because
its main focus was to draw meaning from experiences,
perception, beliefs and attitude from a specific context.
The research approach sort to explore human experience
to present a clear and holistic view of phenomenon to
help understand human behavior and the assumptions
which govern such behaviors.The findings of the study
indicated that risk forms an integral part of operations,
which requires effective management and control. It’s
also evident that proper management prevents wastage
and enhances effective people and resource allocation.
With regards to Risk and Operational management
practices, the study recommended key strategies such as
risk culture, reinforcement, top management
commitment and support, risk integration and reduction
in risk management fragmentation for effective
management.
Keywords :
Risk, Operational Management, Practices and Manufacturing Companies
The act of risk identification is not enough
when considering effective operational management for
manufacturing. This require a thorough understanding
of risk, it types, management and how to alien with
various operational practices. The study adopted a
qualitative approach to help delve into the subject
matter. The study examined the day to day activities of
plastic manufacturers in Ghana; risk components
associated with their activities likewise their operational
management practices for effective management and
profit maximization.
The study adopted a qualitative approach because
its main focus was to draw meaning from experiences,
perception, beliefs and attitude from a specific context.
The research approach sort to explore human experience
to present a clear and holistic view of phenomenon to
help understand human behavior and the assumptions
which govern such behaviors.The findings of the study
indicated that risk forms an integral part of operations,
which requires effective management and control. It’s
also evident that proper management prevents wastage
and enhances effective people and resource allocation.
With regards to Risk and Operational management
practices, the study recommended key strategies such as
risk culture, reinforcement, top management
commitment and support, risk integration and reduction
in risk management fragmentation for effective
management.
Keywords :
Risk, Operational Management, Practices and Manufacturing Companies
