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 Australia’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.†¦show more content†¦Cost minimisation however, cannot be pursued without attention to quality - there must be a balance between the two Government Policies –All 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 government’s new policy the Fair Work Act is a lot more pro worker which has increased Qantas’ operating costs. All businesses must be aware and understand all government policies in order that they are abiding by the law. Legal regulation – 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   |  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. 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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   |  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