The board of directors must by law be composed of volunteers, which can be an advantage to the company. These are also internal factors that have helped the organization be successful that it will want to leverage and grow. Asset leverage; Loyal customers; Market share leadership; Diversified products. They are all the strengths of the ALL. Asset leverage allows ALL to use their best operational assets to expand their business and improve their market share.
They have an interest in the business by prompting money and want the companies to make steady orders. They like to feel valued, by the company which they supply too. Owners have an interest in the business because they can either be sole traders or run the business in partnership. They are known for the most significant stakeholders which they are the ones who control the business. Their interest is to see the profit they make increasing and the value that the business has rising.
This is because high quality could sustain or improve a business’s reputation, reduce costs and bring about loyal, repeat customers. All of these point made will ultimately result in the business gaining more
Competitors – they will be only interested if the Business means “ASDA” is not doing so well as this will mean more business for them , because they are offering the same services within the same area. They can use the financial statement of “ASDA” as a “bench mark” for their own performance. Owners- they are the most important stakeholders, because they have established the business and they devoted a lot of their time for the company success. They are the stakeholders, who have the higher interest for the business to raise on profit and value. Employees and Managers- their interest is that the company provides them with decent live hood.
One way is we will offer our employees a sense of pride in working for a company that acknowledges those that go above and beyond in sales. As we partner with local businesses, it will give our sales reps the opportunity to establish long lasting relationships with hose that are located directly in the local and far communities. Our programs will also give the company the opportunity to gain money for our various training programs. InterClean and EnviroTech will provide the best service to the community as well as the world of e commerce, in addition to providing those outside services we will also focus on our most valued asset, which is our
Unit 1 - Marketing: A01 Task 1 - Marketing objectives Marketing objectives are important to all business in order to be successful. Business must know what the consumers need and they must ensure that the goods and services support the customer's needs. To attract customers to the business, quality products must be created and customers must be satisfied with the result. Marketing also if marketing is carried out successfully it will increase the profit of the business and make them more likely to become successful. There are marketing objectives in businesses that must be fulfilled in order to be successful: Discovering the needs of consumers to make sure that a quality product is produced means that the business must first find out what
A focus on those in need is something that helps a company’s reputation for years to come, boosting profits in both the poorest neighborhoods and the wealthiest. Company Q benefits from having multiple active locations in place in varying income locations. Should the focus be on meeting the economic, legal, ethical, and philanthropic requirements of social responsibility, the company stands to be a responsible, reputable, and very profitable
The company needs to find innovative ways to ensure that they keep their employees happy and on a successful path. They need to ensure employee wages, and hours are comparable, and are able to provide for their families based on the state of the economy, because a happy employee is a productive employee. The company also needs to look at its marketing strategies so they can continue to grow and be successful in all markets around the world. Marketing is one of the most important research strategies and is the foundation to its success. With the right type of marketing research the company will be able to maintain its current customers and should be able to bring back customers that have left because of dissatisfaction, and because of the hard economic times.
Shared values between Kathy Kudler and I would have to be a willingness to go the extra mile for a customer whenever given the opportunity. She and I are both in a service industry, industries that have competition of all types. How she and I respectfully respond to our customers allows us to grow and retain loyal customers. It would be easy to cut corners here and there, but that would only damage the reputation that we both strive to maintain, If I had to assign an ethical assessment of Kathy, I would label her as myself, regarding character above obligations, results, or equity. She and I both take pride in what we do and want to do it right the first time.
Another objective is to maintain good customer service which can make or break a business of any kind. Customers are the heart of any business, keeping the customer happy creates word of mouth about any business and can help the business excel. Finally, having a backup plan is always a good bet due to the fact taking chance on anything can be a hit or miss. But, if a company or business man can possess the first two objectives