Functional area information system will provide data to assist lower and middle level managers in the function area. * Will be time consuming to fully implement and the system can be complicated. 3. Transaction processing system will assist the company with selling the product and making sure service is easier for the consumers. * System is complicated and difficult to maintain for small businesses.
It is difficult for many companies to bridge the gap between production and sales organizations. Members of supply chain industries were divided on how to promote standards and facilitate implementation. The companies were unsure of the best way to go forward. 3. Should Henkel reduce product complexity, perhaps by adopting an every day low price (EDLP) strategy?
Kudler may not have the resources to launch advertising for the company because problems have occurred because of the lack of experience to the target market. Kudler needs a target market to allow the company to focus on marketing dollars and brand communication on a exact markets that is more likely to buy from than or other markets. This is a much more reasonable and efficient, and successful way to make potential clients and generate business. Kudler chain of stores makes them a distinguished factor in the market. This is why a lack of customers will have a huge affect on the growth of the company because of the decrease of the sales in the
Large gaps in ages can cause problems so this allows you to combat this. Profiling the qualifications and training of your workforce allows a business to make use of any special skills staff members have. External factors
The Influence Different Stakeholders Exert on an Organisation In the business environment there are many factors which influence the business to adapt to different conditions which the stakeholders put onto them. British Telecommunications is an organisation which is privately ran however, it is a public limited company which means it is owned through shares and stocks which can give mixed emotion around how the business should be ran with conflicting views on this. This issue constantly needs to be resolved with every change the managing team will make on the business. Within an organisation of such size as BT PLC it is common that there is mixed emotions on how the company should be ran as well as future changes which the business may undertake. British Telecommunications try to achieve this goal - “The overall outcome is that BT’s stakeholders are reassured, BT’s reputation is enhanced, customers respond favorably, and business continues to grow.” To achieve this BT have a use of debates between stakeholders to find the option which best favors everyone in connection with the change 1.
This strategy includes researching the organization’s existing market as it relates to the organization’s current position and that of its competitors for determining growth opportunities. QuickMBA (2010, p. 1) states market research helps with strategic decision-making because, “The two most common uses of marketing research are for diagnostic analysis to understand the market and the firm’s current performance, and opportunity analysis to define any unexploited opportunities for growth.” Riordan wants to increase its market presence by increasing sales to existing customers and establishing new customers (University of Phoenix, 2004). The company also plans increasing its revenue by $50 million within two years (University of Phoenix, 2004). A marketing strategy would assist Riordan by providing the framework necessary for accomplishing these objectives. Using the differentiation, research and development, and marketing strategies concurrently will help Riordan improve innovation by better identifying opportunities while promoting sustainability resulting from an increase in
This is a problem that a lot of nig corporations face these days when being funded by investors or government agencies. There are cases from the past where government funds were given to an organization to use for training purposes. When funds are coming and going in an organization, un ethical people do not record all the necessary information to track the funds correctly, showing that there is more available that there actually is. When this happens, audits are necessary to find where the monies are missing from, eventually exposing the guilt parties so that they can be prosecuted for their
New laws and regulations come about because of social and political changes. Organizations abiding by state and federal laws and regulations may result in the organization spending more money on additional taxes, new technology development, and legal fees. Competition may consist of the startup of a new organization offering similar services and products in the same marketplace, which presents a new challenge. The customers are the most critical in the environment. As the end-users, they will usually improve the organization’s image in the community because of satisfaction with the product or service, or ruin the image of the organization in the community because of dissatisfaction with the product or service.
Lowe's divisions are divided by geographic region. Stores vary in size based on location and profits. Profitable stores in populated geographic areas tend to be larger. Lowe's has created two new executive positions, with the goal of streamlining its operations to better serve its customers. The new positions are chief customer officer and chief operating officer.
Within an organisational structure the term silo means that information is not freely or communicated within other areas of the business / work place, one department does not know what the other department does for the customers / organisation. The likely effects that this can have on the customer service provided is that there is less efficiency in the services provided and also higher possibilities of errors occurring. Question 3: Describe each of the following Market Segmentation terms and give an example of each one a) Geographic segmentation b) Demographic segmentation c) Psychographic segmentation d) Behavioural segmentation A) Geographic segmentation is the Collecting and analysing of information according to the physical