Anton Balazh Today, business is acknowledged to be international and there is a general expectation that this will continue for the foreseeable future. International business may be defined simply as business transactions that take place across national borders.
How does an understanding of the influences on operations contribute to business success?
Influences on operations management have a dual effect on the businesses. They can cause the business to undergo change and to adjust to external factors, as responsiveness to change is a constant issue.
The second effect is the threats and opportunities influences present. An understanding of these external influences can help a business be able to manage and respond to them in an efficient manner by implementing various strategies.
As such, this will contribute to the success of the business. Influences on operations management include: Globalisation, quality expectations, actions of competitors, technology, government policies, legal regulations and environment sustainability. One of the main influences on operations management is globalisation.
Globalisation refers to the removal of trade barriers between nations, and is defined as the integration and interdependence of national economies forming a global economy. Integration means joining together through trade, deregulation and technology.
The reasons for this are that businesses can drive costs down and exploit the competitive advantage each region has to offer. Apple recognised early advantages of globalisation and implemented various strategies to expand internationally resulting in the development of stores which operate in over 30 countries now.
By understanding the influence of globalisation, Apple was able to positively respond and adjust to accordingly. Another significant influence on operations management arises from the expectations of quality of customers.
Quality may refer to how well designed, made and functional a product is, and the expectation that people have of a business will determine the way that the products are designed, created and delivered to customers.
This implies that operations processes must follow certain standards or prescribed minimum levels of excellence.
Apple has established itself as a top technology manufacturing company. As such, Apple consumers have great quality expectations and expect that all products of apple to be reliable, durable and fit for purpose. Apple has clearly understood such factors and has developed a system that establishes a series of tests to ensure that all products of Apple pass a quality test before it is distributed.
As such, every year or two, Apple develops new models of their IPhone, IPod touch and laptops that match the quality expectations of present and potential customers. All businesses operate in a politically legal environment and co-exist in the legal framework of the government.
Government decisions affect the business rules and regulations, which directly affects the management of various key business functions. Government policies are a notable source of change and a significant influence on the operations management.
Policies such as taxation rates, OHS, training and rules, public health policies, environmental policies, employment relations, trade and industry policies all impact on operations.Basic questions in general equilibrium analysis are concerned with the conditions under which an equilibrium will be efficient, which efficient equilibria can be achieved, when an equilibrium is guaranteed to exist and when the equilibrium will be unique and stable.
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Business 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 r-bridal.com 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.
Business Studies in Action value pack that suits your needs, Influences on operations management 3. Operations processes 4. Operations strategies Wotif case study Influences in the business environment 4. Business growth and decline TOPIC 2 BUSINESS MANAGEMENT 5. The nature of management.
|Career Opportunities||Demand in any period that is outside the limits established by management policy.|
|Business Studies Influences on Operations Function - r-bridal.com||These courses are percent online using an eight or sixteen week delivery format.|
|Course Materials||Differentiate between delegation and decentralisation.|
|Operations - Influences||The course focuses on managing the early growth of newly established businesses, and covers the needs of businesses. The course employs theoretical concepts and models from an international business perspective and is designed to help students to develop their own leadership potential in preparation for managerial roles.|
|Special Notices||List of business entities Forms of business ownership vary by jurisdictionbut several common entities exist: A sole proprietorshipalso known as a sole trader, is owned by one person and operates for their benefit.|
Today, business is acknowledged to be international and there is a general expectation that this will continue for the foreseeable future.
International business may be defined simply as business transactions that take place across national borders. This broad definition includes the very small firm. Business 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.