Operations Management: Perspectives and CSR for Global Market Success - Essay Sample

Introduction

There is a lot of perspectives on the operations management profession, which guides and maintain a competitive advantage in the global market. This paper aims at analyzing those perspectives and the critical factors behind the implementation of a thriving worldwide market.

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Recent research progressively emphasizes the duty of corporate social responsibility as the main factor in the market positioning of firms and retailers, more specifically. There is a specific theory that the retailers are the central pillar held responsible for their actions in the supply chain. To improve corporate social responsibility, we aim to have the best practices in supply chain management. The production of goods or products should be minimized through favorable raw materials and availability of workers to improve the production.

Buyers need supportability; however, at what cost? With developing requests for ecological and social supportability, retailers plan to see how customers may respond to adjustments in retail rehearses. This exploration looks at buyers' awareness towards retailers' environmental, and social maintainability rehearses and the directing impact of cost in various social settings.

Quantitative research philosophy is used to utilize situation based tests. Two investigations were directed utilizing research members from the US (a progressively nonconformist nation) and Turkey (an increasingly collectivist society) and estimated one component of culture, independence versus cooperation. The outcomes uncover that high costs adversely moderate shoppers' reaction to retailers' manageability endeavors. Even though there is no exceptional communication between either sort of sustainable and cost on buy expectation, high explainable alongside a low-cost technique prompts an expansion in shoppers' dedication, fulfillment.

Moreover, the outcomes show that high costs have a progressively negative impact on customers' reactions in a collectivist nation. Improving on the prices the production cost is economized through using the appropriate workforce and raw materials required in the production. This investigation features the significance of value in both nonconformist and collectivist societies and gives a superior comprehension of an ignored element of how to govern. Customers may not be ready to pay more for items; thus, suppliers and retailers should consider the demand of the consumers. Organizations need to define business systems dependent on low valued practical items and the social setting of the nation in which they work.

The motive of this research study is to examine sustainable supply chain management practices for the global industry and to recognize the critical factors that lead to it being successful. The supply chain management is significantly improving due to the support of the customers, retailers, and suppliers. Sustainable supply chain operations help in decreasing environmental degradation. The product shows how sustainable supply chain management is corresponding and benefits the improvement of the supply chain performance among the industries. The social and ecological performance helps economic performance and maintaining a competitive advantage within the global market.

Conclusion

In conclusion, the supply chain management depends highly on how the global market will be in the end. The effectiveness of sustainability, cost, speed, and dependability helps a lot in maintaining a competitive advantage in the market. It benefits all, including the consumers and the economy. Strategic vision alone does not bring successful competition in the worldwide market, financing the whole process and learning to organize generates good returns.