Business Studies Marathon (1 Viewer)

[Spiritual Being]

Questions will be posted!

Everyone answer!

Marathon

 

[PakZilla]

go go go

 

[nerdasdasd]

What are the differences between transformed and transforming inputs ?

 

[Examine]

What are the differences between transformed and transforming inputs ?

You mean transformed and transforming resources right?

Anyway, transformed resources are the inputs changed through the operations process, while transforming resources are the inputs that assist in carrying out the operations process.

 

[Examine]

1. Define outsourcing - 1 mark
2. Define cost leadership - 1 mark
3. Discuss the advantages and disadvantages of outsourcing - 6 marks
4. Explain the main components of quality management and an operations strategy- 4 marks
5. Identify two performance objectives of operations strategy - 1 mark

 

[Spiritual Being]

too hard for you guys?

 

[Spiritual Being]

Wow, shit.

I got my ass handed to me...

"too hard for you guys"

>from rank one to shit

do not be like me guys. I am capped to a band 5 in business now.

 

[darlking]

1. Define outsourcing - 1 mark
Outsourcing is the use of specialist businesses to perform functions that traditionally were performed within the business.
2. Define cost leadership - 1 mark
Cost leadership is a strategy that aims to create a comp. advantage by having the lowest cost of manufacturing the good or delivering the service in the industry
3. Discuss the advantages and disadvantages of outsourcing - 6 marks
Outsourcing refers to the use of external agencies to do the activities of a business. This means that the business can focus on their core competencies and gain a competitive advantage. In outsouring business activities, the business will benefit from reduced costs, access to expertise and the best technology. On the other hand, such things such as loss of control, human resource problems and leakage of expertise can disadvantage the business.
It is now the norm for business to obtain components and outsource from countries who provide their goods and services more cheaply than in the business' domestic region. Businesses such as Apple and Optus have adopted to outsourcing in attempts to bring expenses down and profits up. These businesses who outsouce can attend to what they do best and depend on the external business to carry out their other activities with greater expertise and focus. Also, with the advancement of technology, businesses are finding more ways to minimise cost by purchasing the lastest technology to efficiently produce a product. However, these technologies can be expensive on the short-term, so by allowing another agency to produce the product for the business, the business has only need to pay the agency the amount for the volume needed. The problem with outsourcing, though, is that it gets rid of labour and employment in Australia and so Australians who may have been working in the business for 5 years, for example, may have to be retrenched. This sometimes causes an uproar for big businesses who are soaking in profits and sales. Not only do businesses lost control of their expertise, they lose control over the manufacturing process aswell. The supplier may gain expertise by manufacturing important components and develop a competing product. The supplier may also be exploiting workers in dangerous working conditions and providing very low wages. This is a CSR issue that can impact negatively on the business, even if they had no idea, they would still be held liable. There are both advantages and disadvantages of outsourcing and there is no doubt that businesses will continue to adopt the practice. It is one of the factors that has led to businesses such as as Apple to rise as a successful company.
4. Explain the main components of quality management and an operations strategy- 4 marks
Someone else do this?
5. Identify two performance objectives of operations strategy - 1 mark
1) speed- how fast the product can be delivered once it has been ordered. 2) cost- keeping the expenditure as low as possible

 

[darlking]

Actually I'll do it. But what do you mean by "an operations strategy"? --> That part i shall not do.
4. Explain the main components of quality management and an operations strategy- 4 marks
Quality management is when a business creates a product or provides that is always consistent by building systems and procedures to ensure those limits are never exceeded .In order to achieve quality, the business needs to ensure that they have quality control, assurance and improvement. Quality control is a way of ensuring consistent quality by using a sampling technique that checks the quality of an item in the transformation process. This allows for no errors and places defined limits so that the product is consistent throughout. Quality assurance is putting into place those machines or procedures that make sure an error does not occur. Lastly, improvement can be approached by considering Total Quality Management. A philosophy based on continuous improvement in all aspects of the business.

 

[darlking]

New Question! Don't die guys, keep answering it

1. Identify two stakeholders in a business and how they are affected in the HUMAN RESOURCE FUNCTION. (6 marks)
2. Describe the current legal framework in the HUMAN RESOURCE FUNCTION. (10 marks)