Definition
Operational management is the process of overseeing day-to-day activities and processes within an organization to ensure efficient and effective performance. It involves planning, organizing, directing, and controlling operational activities, resources, and personnel to achieve desired outcomes and deliver value to customers and stakeholders. Operational management focuses on optimizing processes, reducing costs, and enhancing productivity and quality.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.