operations management theories enhance organizational efficiency and effectiveness across diverse industries? Explore the foundational principles of operations management, such as process optimization, supply chain management, quality control, and capacity planning. Investigate how contemporary theories, including lean manufacturing, Six Sigma, and agile methodologies, contribute to operational excellence. Assess the role of technology, such as automation and data analytics, in streamlining operations and decision$-$making processes. Furthermore, consider the implications of globalization, sustainability, and risk management on operations strategy formulation and implementation. Ultimately, how do these theories and practices align with organizational goals and contribute to long$-$term competitiveness and success?