Operational Management Challenges

by Marquis Codjia; Updated September 26, 2017
Operational management typically demands leadership skills.

Operational managers are the backbone of a company, overseeing day-to-day operating activities and ensuring that personnel perform required tasks adeptly. Managers often face challenges in various corporate areas, including information technology, finance and human resources.

Financial Management Controls

Operational managers must ensure that financial accounting and reporting mechanisms are adequate and functional. Dysfunctional mechanisms typically cause a company to report inaccurate financial statements, including balance sheets, statements of profit and loss, cash flow statements and statements of retained earnings.

Information Technology

A sound operational management policy helps manufacturing department heads and segment chiefs ensure that a company possesses adequate computer software and hardware to meet business requirements. Absent this policy, a firm may be unable to effectively operate and meet profitability goals.

Regulatory Compliance

Operational managers generally must ensure that corporate policies and operating guidelines adhere to top leadership's stipulations, human resources procedures and professional standards. These policies also must conform to industry practices and government regulations.

Safety Management

Safety management is a key challenge that operational managers must confront when performing duties. Managers typically implement safety guidelines to prevent occupational accidents and operating losses resulting from litigation and regulatory fines.

About the Author

Marquis Codjia is a New York-based freelance writer, investor and banker. He has authored articles since 2000, covering topics such as politics, technology and business. A certified public accountant and certified financial manager, Codjia received a Master of Business Administration from Rutgers University, majoring in investment analysis and financial management.

Photo Credits

  • top manager with cellphone image by Alexey Klementiev from Fotolia.com
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