Operations Management deals with planning, organising and supervising process to maximise profitability. Strategic Management involves outlining and implementing the main goals and objectives of a business. It is a continuous process where you should re-evaluate goals and strategies regularly according to the latest business environment and trends.
As a CMA, you need to be able to identify ways and means to help businesses reduce their costs.To help you do this, you need to understand how the business process works as well as its operations.You should also understand how and why product planning works along with how best to manage resources.You should understand the mission, vision and goals of the company to ensure that all decisions taken are in line with the goals laid out.
The best approach to study this subject is to first understand the concepts and then solve practical questions immediately. This way you will retain the concepts for a longer tenure and understand your footing on the subject.
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