Friday, January 3, 2020
Business - Influences on Operations - 1108 Words
Specimen Paper 2012 How does an understanding of the influences on operations contribute to business success? Executive Summary: Qantas is Australiaââ¬â¢s largest domestic and international airline. Although Qantas is primarily a passenger airline, air freight is also an integral part of its core business. Other Qantas operations include catering, tourism and E-commerce devoted to transport and travel. In order to have an effective business and operations process, a company, like Qantas must be aware of the influences that can affect it. By being aware of the influences it enables the business to make decision and choices that can get the most out of each influence, by doing this it can assist the business in its endeavours for success.â⬠¦show more contentâ⬠¦Cost minimisation however, cannot be pursued without attention to quality - there must be a balance between the two Government Policies ââ¬âAll businesses operating in Australia are subject to policies applied by the three different levels of government - local, state, and federal. Government policies have a big impact on Qantas. For example their economic policies (monetary, fiscal policy) have a direct impact of the level of economic activity and therefore demand for its service. The federal governmentââ¬â¢s new policy the Fair Work Act is a lot more pro worker which has increased Qantasââ¬â¢ operating costs. All businesses must be aware and understand all government policies in order that they are abiding by the law. Legal regulation ââ¬â The aim of government regulation of business is to promote safety and fair business conduct. To remain in operation, a business like Qantas must comply with these regulations. Penalties for non-compliance can be severe. Examples include, Qantas is subject to the regulatory control of Civil Aviation Authority and is required to hold operating licences, State government regulations on labour such as OHamp;S, anti-discrimination, workers compensation etc. Being in the food industry it is critical that McDonalds meet and go beyond the food safety laws; that include food being cooked and stored at the right temperatures and the correct food handling procedures. EnvironmentalShow MoreRelatedBusiness Studies Influences on Operations Function1356 Words à |à 6 PagesBusiness Studies Essay; Explain how the influences on operations can affect the management of the operations function. A business has many influences that provide a duel effect on its operations. Not only can they cause the business to undergo change and continually adjust to the external factors in the business environment, but they also provide threats and opportunities in the operations process. The first of the nine influences is Globalisation. This is the increased economic integrationRead MoreExamine the Key Influence on Operations Which Contributes to the Business Success1601 Words à |à 7 PagesExecutive Summary This Report will examine how the major influences on Operations which contribute to the success of the business with focus all of the major eight influences, these include Globalisation, Technology, Environmental Sustainability, Legal Regulations, Corporate Social Responsibility, Quality Expectations, Government Policies and Cost based Competition. This report will also examine the impact of the influences on businesses such as Billabong, Westpac, Holden, Woolworth and Coca-ColaRead MorePolitical And Business Risks By Withglobal Business1310 Words à |à 6 PagesRunning head: POLITICAL AND BUSINESS RISKS Last Name 1Prepare a paper that addresses the political and business risks and the rewards associated withglobal business operations.Include a discussion of the impact of monetary exchange rates oncorporate profits. Your NameAmerican Military UniversityFINC300 POLITICAL AND BUSINESS RISKS Last Name 2Political and Business RisksMost corporationsRead MoreOperations Management and Strategies: Crucial to Business Success1334 Words à |à 6 PagesOperations Management Global businesses are influenced by effective operations strategies involving operations management. These strategies and management effect on the progression of being successful. 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Topics covered â⬠¢ The role of the operations function in the organizations strategic plans. â⬠¢ How the contribution of the operations function to the organizations competitiveness can be assessed. â⬠¢ The meaningRead MoreInternational Culture and the Business720 Words à |à 3 PagesInternational Culture and the Business Culture Culture refers to the sum of integrated learned behavior traits shared by members of a society ADDIN EN.CITE Hofstede2001449(Hofstede, 2001)4494496Hofstede, G.Cultures Negation-Comparing values, Behaviors, Institutions, and Organization Across Nation2001USASage Publication( HYPERLINK l _ENREF_2 o Hofstede, 2001 #449 Hofstede, 2001). In the 19th century Edwad Tylor gave the classical definition of culture as the complex whole including; arts knowledgeRead MoreCultural Issues That May Impact On The Set Up And Operation Of A Subsidiary Essay1019 Words à |à 5 PagesInvestigating the cultural issues that may impact on the set-up and operation of a subsidiary in Japan Introduction Over the last ten years, numerous firms have continued to embrace international operations. However, the international operations come with numerous obstacles. For instance, culture is one of the bottlenecks faced by the firms operating in the global arena. Studies indicate that language problems and difficulties along with culture collisions are some of the cultural bottlenecks thatRead MoreStakeholders Have A Huge Influence On Business1614 Words à |à 7 Pagesor a group of people that hold an interest in the business; this could be an interest in the product or services, or the operations of the business. There are different types of stakeholders, this include the employees of the business, the customers, the suppliers, the owners, local people, the government and the trade unions. Stakeholders have a huge influence on business, they can change a lot of the operations if they are unhappy, and the business must make an attempt to fulfil their wishes to haveRead MoreThe Main Influe nces On Operation Management1112 Words à |à 5 PagesOperations management is an area of management concerned with overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services. The main influences on operation management include; ï ¶ Globalisation ï ¶ Technology ï ¶ Quality expectation ï ¶ Cost-based competition ï ¶ Government policies ï ¶ Legal regulation ï ¶ Environmental sustainability ï ¶ Cooperate social responsibility (CSR) Globalisation Globalisation is the change in a businessRead MoreGlobal Factors Affecting Business1002 Words à |à 5 Pagesfactors affecting business The way of running the business differs from country to country. The marketing, sales and technical skills are required to increase the productivity of business. Business in general is enhanced when people from different cultures find new approaches to old problems, creating solutions by combining cultural perspectives and learning to see issues from the viewpoint of others. Business Environment consists of factors influential to the business operations. These factors are
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