Please answer the following question

As the production and operations manager of ABSA bank, you are the mentor to a new intern. Identify and explain to the intern what the five (5) basic performance objectives for production/operations management at your company entail. Provide creative examples with each performance objective applicable to ABSA bank.

Tips: This is an example of a typical long-question format that you can expect in the examination. It is essential to provide a well-structured and detailed response to ensure full marks. When answering, please follow these key steps for each of the five basic performance objectives:

1. Identify the performance area.

2. Explain its significance in operations management.

3. Provide a relevant example to illustrate your understanding.

Each performance area carries 3 marks (3 marks x 5 objectives), so it is important to elaborate sufficiently. Avoid answering in bullet points, as this may result in a deduction of marks. Instead, structure your response in well-developed paragraphs. Additionally, I encourage you to be creative with your examples, demonstrating your ability to apply theoretical knowledge in a practical context. At a third-year level, critical thinking and application are key to excelling in your assessments.