Operational management is not a unanimously accepted
concept at the international doctrinal level. If, for example, we compare the
tax laws of the various nations and the international accounting standards or
national accounting standards of the different countries, we can see that the
concept of operational management differs depending on where we find this
notion. Since operational management is essential in delving into a company's
profitability, it is first necessary to identify an operating management concept
that is useful for data analysis to be an efficient and effective tool for
identifying the most appropriate steps for maximising company profitability.
The first step in this process is to identify an operational management concept
that does not change depending on the area in which we are acting. Thus, the
same concept must apply in the profitability and financial spheres, should this
concept be used to analyse a company's financial situation. And it is also
necessary for the same concept to be present in the area of the study of
monetary flows because if the concept of operational management or other
concepts that are used to study this type of activity change depending on the
sphere in which we are acting, the analysis will be confusing and will lead to
an incorrect interpretation of the results obtained. A second very relevant
element to be noted is that the in-depth analysis of operations is often done
incorrectly by comparing ROA with the ROI trend and thus interpreting the trend
of active financial management and asset management residually. If this is done
this way, the analysis results can be misleading. It is necessary to conduct a
more in-depth analysis that considers other variables, which will discuss in more detail in this article.
