2.2 Influences on operation Flashcards
What is globalisation?
The emergence of markets on the world
What has globalisation bring to business?
- More trade opportunities
- Cheap and large access to labour / materials
- Access to big global market to sell goods
What can technology result in operation?
- New development of new method of production, more quickly and efficient, cheaper than using labour
What is CAD?
- Allow to create 3D design through computers
What is CAM?
- Allow design and manufacturer link with computer, use to save time and fewer mistake make by robot
How robotic help operation?
- Save time, perform complicate tasks, multitasking, more precise and prevent boredom
What is 3 quality expectation of customer about a product?
- Durability : How long the product last?
- Reliability: How long product can function without need of maintenance or repair?
- Fitness for purpose: How well the product achieves the characteristic it advertises?
What can business achieve if using the correct operation strategy?
- Increase market share
- Increase profit
How can business lower it operations cost?
- Reducing cost to product and supply their product at lower price.
What are some government policies influence on business?
- AUS TRADE
- Support SMEs with tech and monetary benefit
- Carbon tax that force company to be environmental friendly
What are some area that legislation aim for?
-Safer workplace for employers, workers, safe to environment, buyers and consumers
What is environmental sustainability in business and what business gain if achieve this?
- The use of sustainable resource in a manner that benefit the environment or environmental friendly. It helps protect business brands and increase brand loyalty.
What is CSR?
Coporate social responsibility
What is CSR aim for?
- Equity and justice
- Human rights
- Labour standards
What some ethical responsiobility of business
- Business may try to minimise harm to the environment
- Reduce waste
