Therefore an operations manager must needs
to take into account many factors when producing a product. They must make a
decision to balance the cost and quality of their product or service when
deciding whether to outsource, be innovative with technology or have inventory.
Also to choose to use globalisation as a strategy for the business. The manager
needs to abide by all legal policies and choose to have or to not have a
business that is corporate socially responsible. The management of these key
factors will contribute to the success or failure of the business so the manager’s
choices impact enormous amounts on how their business functions.
References/bibliography
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Chapman, S., Devenish, N. and Dhall, M. 2011. Business studies in action. Milton, Qld.: John Wiley & Sons.
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References/bibliography
Barlow, R. 2011. Excel HSC business studies. Glebe, N.S.W.: Pascal Press.
Business.gov.au. 2013. Occupational health & safety - Business Topics | business.gov.au. [online] Available at: http://www.business.gov.au/BusinessTopics/Occupationalhealthandsafety/Pages/default.aspx [Accessed: 6 Dec 2013].
Chapman, S., Devenish, N. and Dhall, M. 2011. Business studies in action. Milton, Qld.: John Wiley & Sons.
Concepts, S. 2013. *Impact of Government Policy on Operations at Qantas: Noise Abatement. [online] Available at: http://sharedconceptsbusinessstudiesblog.net/2013/05/01/impact-of-government-policy-on-operations-at-qantas-noise-abatement/ [Accessed: 6 Dec 2013].
Google.com.au. 2013. Untitled. [online] Available at: http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=3&ved=0CD4QFjAC&url=http%3A%2F%2Fpileiesjoanbrossa.files.wordpress.com%2F2013%2F02%2Factivity-5-a-case-study-on-dell.docx&ei=e_afUo79FMyVrgfAvoCYDg&usg=AFQjCNH40CjDTrRI6WgsU7CoHwGNAbGEtA&sig2=zhOgrLcJVm3sI0Tc_z2Pig [Accessed: 6 Dec 2013].
HubPages. 2013. Global Sourcing Advantages and Disadvantages. [online] Available at: http://riverfish24.hubpages.com/hub/Global-Sourcing-Advtanges-and-Disadvantages [Accessed: 6 Dec 2013].
Ordoro.com. 2013. Nike’s Inventory Management Solution | Ordoro Blog. [online] Available at: https://www.ordoro.com/blog/2012/01/24/nikes-inventory-management-solution/ [Accessed: 6 Dec 2013].
Paynter, B. and Paynter, B. 2013. 11_Google. [online] Available at: http://www.fastcompany.com/most-innovative-companies/2013/google [Accessed: 6 Dec 2013].
Rba.gov.au. 2013. RBA: The Implementation of Monetary Policy. [online] Available at: http://www.rba.gov.au/mkt-operations/resources/implementation-mp.html [Accessed: 6 Dec 2013].
Slideshare.net. 2013. Global Sourcing Advantages and Disadvantages. [online] Available at: http://www.slideshare.net/williamsjohn164/global-sourcing-advantages-and-disadvantages [Accessed: 6 Dec 2013].
Small Business - Chron.com. 2013. Advantages & Disadvantages of Conducting a Business Under Economies of Scale. [online] Available at: http://smallbusiness.chron.com/advantages-disadvantages-conducting-business-under-economies-scale-64248.html [Accessed: 6 Dec 2013].
Small Business - Chron.com. 2013. The Advantages of Research & Development Business Strategies. [online] Available at: http://smallbusiness.chron.com/advantages-research-development-business-strategies-21246.html [Accessed: 6 Dec 2013].
Small Business - Chron.com. 2013. The Disadvantages of Market Research on New Product Development. [online] Available at: http://smallbusiness.chron.com/disadvantages-market-research-new-product-development-23441.html [Accessed: 6 Dec 2013].
University, C. 2013. HSC Online - Monetary policy. [online] Available at: http://www.hsc.csu.edu.au/economics/policies_mgt/2592/Topic4Tutorial1.html [Accessed: 6 Dec 2013].
Unknown. 2013. [online] Available at: https://www.legislation.qld.gov.au/LEGISLTN/ACTS/1983/83AC003.pdf [Accessed: 6 Dec 2013].
Us, D. 2013. Business Process Outsourcing. [online] Available at: http://www.dell.com/learn/us/en/555/services/l3-bpo-discrete-function-outsourcing [Accessed: 6 Dec 2013].