Not sure if this is classified as a small business, however help would still be appreciated.

Any help and tips would be appreciated about what to write.

anyways, i’m a highschooler in my final year and I have a Business Studies task I need to complete. Usually I wouldn’t ask for help however, i genuinely am a little stuck soo here I am :).
Stimulus :

‘BTT’ Short for Bluetooth Tunes Pty Ltd is an Australian based designer and manufacturer of portable bluetooth speakers targeting users of portable technology such as phones and laptops that love music and appreciate quality sound in open spaces. One of the main selling points has been the quality and dependability of the product. The design has not changed in over 10 years, yet it remains very popular and well known.

The ‘Blue Box’ is a very popular product and the business has been operating since 2012 mainly serving domestic customers with only a small number of online orders from overseas. Market research indicates that there are opportunities to enter new foreign markets.

Recent price rises of ALL components used in production has resulted in the need to increase prices. The issue is that despite having the best quality speakers on the market, sales have declined due to cheaper competitor products made in China. There have also been advances in bluetooth technology giving greater range,more customisable settings and wider compatibility of devices to pair with.

The business is considering how they could move the manufacturing process overseas in order to overcome some of these challenges.

QUESTIONS
Outline the challenges that this business would face manufacturing overseas in regards to inputs.
Recommend TWO possible operations strategies this business could implement in regards to their plans for expansion
Discuss the balance between quality expectations and cost based competition in relation to the operations strategies

thanks once again

(inputs refers to transforming and transformed resources)

question 1 I have done language barrier and am writing about shipping times aswell
however question 2 and 3 is where I need the help in

thanks

  • CompleteChart6576OPBEnglish
    1·
    1 year ago

    First the operations component. Keep it simple but that’s just how do you get from A-Z and if you’re sending stuff overseas you have two clear options: 1. Have them build the whole product, or 2. Have them build certain components and assemble it locally.

    There are pros and cons to either. For a real world example, all those companies that make scooters and bikes for bike share? Most of them contract with factories in China to make their stuff cheap because you can pay people absolutely garbage wages that you simply cannot pay in the US or Australia. Companies don’t send stuff overseas to be built because it’s their only option, it’s just way cheaper since you’re not paying for the same labor costs. Anyway, the stuff comes back to the US or wherever and they just pop the box open and start using it. That’s advantageous because you still have to pay for domestic labor. BUT, there are drawbacks like how long will it take? If you save a ton of money on manufacturing but have to spend that money locally trying to get it out the door, you messed up.

    Thanks, This should get me started
    I will most likely post follow ups, but I will 100% narrow it down

    Genuine life saver, thank you!