global and csr

Question 1

Global sourcing of inputs

Answer 1

involves a business acquiring raw materials and resources from overseas suppliers.

Question 2

when globally sourcing consider

Answer 2

• price differs in each country
• delivery costs travelling from diff countries
• how the environment is impacted

Question 3

global sourcing +

Answer 3

• A business is able to source materials that may not be readily available in its country of operation.
• Higher quality materials can be sourced by a business, allowing a product to better meet customer expectations.

Question 4

global sourcing -

Answer 4

• If a supplier does not treat its employees in an ethical manner, it may reflect badly on the business’s reputation.
• Transporting inputs over large distances can increase a business’s carbon footprint and may negatively impact its reputation.

Question 5

overseas manufacture

Answer 5

involves a business producing goods outside of the country where its headquarters are located.

Question 6

overseas manufacture +

Answer 6

• Overseas workers are provided with employment and an income, allowing them to support their families
• production speeds can be improved through the use of highly skilled and experienced overseas employees.

Question 7

overseas manufacturing -

Answer 7

• Manufactured goods may be damaged during the transport process back to the country of distribution.
• Poor corporate social responsibility practices in the country may reflect badly on the business.

Question 8

global outsourcing

Answer 8

involves transferring specific business activities to an external business in an overseas country

Question 9

global outsourcing +

Answer 9

• The quality of business activities can be improved as the external business may be experts in the area.
• A business can allocate more resources and focus on its own areas of expertise.

Question 10

global outsourcing -

Answer 10

• A business has reduced control over some of its activities as they have been transferred to an external business.
• It may be difficult to communicate with external, overseas businesses due to language barriers.

Question 11

csr

Answer 11

is the ethical conduct of a business beyond legal obligations, and the consideration of social, economic, and environmental impacts when making business decisions.

Question 12

csr for inputs

Answer 12

• sourcing inputs locally, rather than from overseas suppliers, to reduce transport emissions and minimise the business’s carbon footprint
• sourcing inputs from suppliers that use environmentally-sustainable methods when extracting and harvesting natural resources

Question 13

csr for processes

Answer 13

• using technology that performs tasks in a precise and consistent manner to reduce the amount of defective products discarded in production.
• developing methods to capture and recycle unused or excess input materials, allowing them to be reused in the operations system.

Question 14

csr for outputs

Answer 14

• developing an alternative product that is more environmentally friendly than the business’s current good or service.
• creating products that have recyclable or biodegradable elements at the end of their lifecycle.