Business Operations - External Influences on Engineering Company Operations (Merit)
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Course
Unit 7 - Business Operations in Engineering
Institution
PEARSON (PEARSON)
Business Operations Assignment 2. I was awarded a Merit overall in this unit. This assignment involves External influences on Engineering Company operations.
Business Operations Assignment 2 - External Influences on Engineering Company Operations
Introduction/Scenario
You have been appointed as Temporary Business Manager for your company. There is a
business conference that you need to prepare some information for that will be presented
at the conference. You should try to present the information in a clear and interesting
format so that it is easy to understand and display in the conference.
Task 1 (P4) The board of directors has requested you to provide an overview of how some
of the key issues (listed below) affect the day to day running of the firm.
a) Draw a diagram (it could be a table, chart, spider diagram etc... and should be
interesting to look at to identify how the issues listed below affect the day to day running of
the firm. You should have 3 to 5 issues per heading with at least 20 in total.
ISSUES: ECONOMIC UK POLITICAL & LAWS & SOCIAL & ENVIRONMENTAL
EUROPEAN REGULATIONS TECHNOLOGICAL
UNION TRENDS
Inflation will Some countries Health and Safety Brexit could Pollution we may
bring a need are on strike at work Act 1974 cause a drop in have to be more
for a which means we we must adhere immigration careful when
company may have delays to, as this ensures meaning we may disposing our waste
pay rise so in our deliveries our workplace is have to pay our and do this in a
staff can etc. running safely. staff more to more controlled
afford to work for us manner to avoid us
live. which could being caught out by
affect out the media which
budget. could be
detrimental to the
business.
The pound Borders are EU Working time Rising house Climate change is a
is strong shutting which directive this costs could big issue in the
which means we may means that our mean that some world currently so I
means we have issues on workforce can of our workers believe we should
have to pay our decide that they may not be able do our own part to
more in imports/exports only want to work to afford to live help reduce this by
imports. which could see these hours and near our providing lots of
a decrease in refuse to work workplace recycling areas etc
revenue. overtime meaning meaning we may however this may
we need to keep have to offer be costly.
an eye on our them more
capacity each money to be
week. able to live
nearer.
Bank of Leaving the EU National Smart Phone use Move to electric
England could have a real Minimum wage could become an cars by 2040. With
interest impact on the rises yearly issue within the this news it may
rates rise way we trade meaning we must business if mean that our staff
which with other adhere to that workers car parks may need
means we countries. and plan for it in continue to use to be adapted to
will be the future to their phones at support these new
paying more make sure we can work. This could electric cars.
interest on accommodate cause a lack in
our this. We must also production.
company pay our staff fairly
, loans. in accordance to
the job they do.
Due to the Due to different COSHH we must Increase in the Light Pollution as
defence cuts countries adhere to this use of internet we are a factory
we may political views regulation to means that we running 24 hours, 7
have to this could cause avoid our staff may have to days a week we do
make staff disputes and from potentially think twice contribute to light
redundant cause us to not injuring about the way pollution a fair
due to the agree on quotes themselves. our marketing amount which
butterfly etc. team are could affect the
effect. promoting our surrounding
products and wildlife.
begin to use the
internet to
promote
ourselves.
b) Pick 5 of the issues listed above, one from each heading and briefly explain, in the form of
a memo or email to the board of directors, what actions the company should take to
minimise any adverse effect.
Dear Board of Directors,
I have a few issues I would like to go over with you and have some actions in mind that’ll
help minimise the effect of these.
Economic: In the current situation we can see that the pound is very strong meaning that
currently our imports are costing more than usual. A simple way of overcoming this would
be to buy a large bulk order of the parts we need. By doing this we should get a discount
due to the capacity of the order meaning we may actually save money. Due to the bulk
buying we may also be able to increase production meaning increased revenue.
UK Political & European Union: With the potential shutting of a few borders due to COVID-
19 we may have issues on imports and exports which could see a decrease in revenue but
also customer satisfaction. It is important that we keep in touch with our customers
ensuring that they are aware of what is happening in this situation, giving them regular
updates.
Laws and Regulations: As the national minimum wage is ever-growing and continues to rise
yearly we need to plan and forecast for this. Failure to pay our staff the national minimum
wage will cause our employees to sue us which could be extremely detrimental to the
business.
Social & Technological Trends: Increase in smart phone use may become an issue as more
and more people are becoming hooked to their phones. To reduce this from becoming a
major issue we should have a meeting with all staff explaining that phones must not be used
on shop floor and only to be used whilst on break. If they have an emergency they can have
the opportunity to make a call.
Environmental: With the government setting a target that all cars are to be electric by 2040
we may have to look to accommodate our carpark with charging stations throughout.
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