Examine the Key Influence on Operations Which Contributes to the Business Success

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.

In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.

'How do the main functional areas of a business interact and contribute to its effective management?'

Globalisation is the process which business or other organization interact and integrate with the people, companies, and governments of the other countries. Globalisation can help a country by improving their economy welfare but at the same time. It has change the world by the effects on culture, and industry. With globalisation, most people life standard has improved by having cheaper and more choices products. Other than the increasing of life standard, local industry have been affected by the globalisation because there are more multinational firms moving into the nation which provide cheaper price for the local residents.

Globalisation is the process by which the world is becoming progressively interconnected as a result of significantly increased trade and cultural exchange. It has also increased the production of goods and services. The biggest companies (such as McDonald’s, Starbuck’s, Costa

All businesses operate in a political- legal environment. This influence directly affects the management of various key business functions as government policies change form time to time, most notably due to a change in government or a change in social expectations. Therefore, government policies are a notable source of change a significant influence on business operations. One recent political issue is the affect of climate change; this has been seen by the introduction of the carbon tax. Since policies can inform law making, also lead to many business opportunities, operations managers need to be fully aware of the contemporary government policies and what they comprise.

A process known as globalisation links different countries around the world together through different ways such as trade, investment, migration, internet, social media etc. Global trading is a major aspect of globalisation where different countries import and export goods and services with other countries. Globalisation has significantly changed over the past 30 years. Economies of scale has led to an increase in the production of goods, thus, created the need for expansion of markets beyond domestic boundaries. In addition to merchandise, various types of services are rendered to customers globally. This includes IT support, tourism, financial services etc. Globalisation has led to an upsurge in trade, multinational corporations, greater dependence on global economy, and easier movement of capital, goods and services and

Globalisation is the process of integration and sharing of goods, capital, labour, services, knowledge, leisure, sport, ideas, and culture between countries. Globalisation is making a positive contribution to the world in many ways, such as, increased competition, stabilised security, and more wealth and economy throughout the world. Globalisation has increased the competition between many retail stores. When there are multiple producers trying to gain hold of the economy, generally the quality of goods and services rise as a result. With globalisation, more businesses are starting to cross international borders introducing a higher standard into the global marketplace, by doing this, consumers have greater options to choose from.

Globalisation is the process of allowing goods, financial and investments markets to operate across national borders due to deregulation, improved communications, infrastructure and technology.

Globalization may be defined as the integration of the world 's people, firms and government. In the modern context, globalization is usually the result of closer ties in international trade, known as bilateral trade agreements. The WTO and NAFTA are two examples of such bilateral trade agreements. With such agreements, cross-country investment increases. This increase in investment is aided by the increase in information technology and communications, which has undergone a significant advancement over the last two decades with the rise of the Internet and mobile telephony (Green, 2013). It is important to the business to expand; global expansion and globalization would a positive business decision to complete in this process due to the strategic goals and objectives the company possesses. Healthy growth can be accomplished by globalization of specific areas selected and determined through research of market and development of these areas outlined within.

Globalisation is a broad term that is often defined in economic factors alone. The Dictionary at merriam-webster.com describes globalisation as “the process of enabling financial markets to operate internationally, largely as a result of deregulation and improved communication.” Also due to deregulation on the financial market, multi-national companies are free to trade and move their businesses to areas where a higher return or profit can be achieved. New technology also enables companies to relocate to areas where labour costs are lower, for instance movement of call centre jobs from the UK to India.

Globalisation is the shift toward a more integrated and interdependent world economy. The globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace. Businesses now a days do not view their domestic market as there only option but the world is there market. Two factors that contribute to the globalisation growth are falling trade barriers and technological change in communications, information processing and transportation. Although at a glance, more customers for Knits Away may sound very appealing but as with everything, globalization has its pros and its cons. I will now mention a few. As a consultant, I advise Knits Away to consider all sides of globalization and the impact it may have on them before deciding to open their product to new markets.

Globalisation can be defined in many ways, as it covers a lot of context; however the main principle of globalisation is that there has been an increase of companies going global or worldwide.

A successful cost leadership strategy usually provides the entire firm with high efficiency, low overhead, limited perks, intolerance of waste, intensive screening of budget requests, and wide span of control efforts. However, some risks of pursuing this strategy are that competitors might imitate the strategy, thus, driving overall industry profits down; that technology breakthroughs in the industry may make the strategy ineffective; or that buyer’s interest may swing to other differentiating features besides price.

As trade increases hyper-competition grows forcing organizations to go global. By a company going global it requires them to rethink strategy and reform (Ananthram and Pearson, 2008). Global organizational structure is the way a company aims to merge local preferences with global strategy. The definition of global strategy is “strategic choices that have the characteristics of being globally uniform or integrated,” (Yip et al., 1997) such as standardization of products, uniform marketing, and competitive moves, but all globally (Townsend et al., 2004; Zou and Cavusgil, 2002; Bayraktar and Ndubisi, 2014). Global strategic strategy is a way to adjust to globalization. Globalization is “the economic and social process by which economies and communities grow inextricably interdependent “(Jhirad et al., 2009). The recent financial crisis (Das, 2010), large amount of poverty, and climate change are all problems that show how the world is globally connected because all countries impact each other (Jhirad et al., 2009).