A growth company tends to have very profitable reinvestment opportunities for its own retained earnings. Economic growth will affect Etisalat as it would increase their profits due to more people wanting more products and wanting to spend their money. As people have more money to spend on luxuries instead of the essentials it means that the higher value products will be brought. For example the Andrex toilet rolls will be brought instead of Etisalat value, because of this it means more money is being spent in the store which is an advantage for Etisalat. Recession occurs when people involved in business become more cautious and: * Customers cut back on spending, and start to save more * Manufactures and sellers cut back on their orders, produce fewer goods and start to cut back costs in general, including by laying off workers.
This usually involves a lot of money. In this project this option showed to be effective without making significant changes. Although cutting the staff members is a good option, hiring new people with lesser degrees is smarter. The choices I made here will all help the hospital increase their
To achieve a cost saving target of $750,000 for the first quarter the first cost cutting measure I selected is reducing a proportion of the agency contracted staff. Making a reduction in the number of contracted staff member will save the company on the premiums they pay to the staffing agency and management fees. Additionally the skill level of the contracted staff could not be compared to the employees of the hospital, which has been
In addition, by forming partnerships and joint ventures with other industry giants, Toshiba shared the risk of developing expensive on new technologies. This strategy enabled Toshiba to produce higher quality products at lower prices. Insistent improvement to the manufacturing process resulted in higher quality products, making the products more attractive, and the increase in efficiency generated lower unit costs. These make Toshiba’s product more attractive and competitive which allowed the company to make further investments in quality and exploit advantage on its competitors. Using efficiently of balancing the lines in assembling process also helped Toshiba ends up increasing productivity and lower costs, at the meantime caused introduction of new models.
Moving forward, unions should use real life examples, such as the comparison of WMT and Costco, to show that unionization does not hinder a corporations profit potential and future growth opportunities. In fact, unionization can actually increase growth and profit. Through diversified training programs and increasing employee moral, two key benefits of unionization, companies can improve efficiency and thus prosper in long run. This can pay dividends to a company internally, indirectly reducing costs. For example, the unionized workplaces, such as Costco, experience significantly less employee turnover than unionized
1. Why is Roche seeking to acquire 44% of Genentech it does not own? From Roche’s point of view, what are the advantages of owing 100% of Genentech? What are the risks? Reasons & Advantages The existing structure was increasing competition between Roche and Genentech as the product of the two companies were coming in direct competition with each other in multiple markets especially in US The existing ownership and operating model gave Roche little opportunities to address the increasing the overlap and duplication between these two firms (for example R&D work) The product licensing agreement between Roche and Genentech was set to expire in 2015.
Lean’s solution provides benefits to outsourcing buyers. They include:  Providing great value because the outsourced supplier can complete the work more efficiently and with higher quality Giving the supplier more flexibility to craft a better solution. Some suppliers use formal outsourcing models, which limits their flexibility. Focusing the supplier’s attention on the value the customer is looking for. By working backwards from the end state of the customer’s value, the supplier is able to design the process and then drive to that value.
Lower cost can be brought about through computerised accounting systems as it is far more efficient. The better use of recourses and time contributes towards the saving of the company’s money. It also reduces the amount of employees needed which greatly reduces labour expenses. Money which is saved through computerised accounting systems can be spent in another area which is more important for example, expanding their company or investing in new technology which will further create more favourable costs. Computerised accounting systems allow managers to identify clearly and accurately the company’s financial position and so they can see where they need to makes changes in order to reduce their costs.
As for the junior salespeople in Syntel, many techniques could be done to lessen its high turnover. * Provide opportunities for these salespeople to grow his skills, knowledge/expertise, and income. Although it does not mean promotion exactly. * Put a competent sales manager/s who will hold this team. They should have to be able to assess if they are providing the motivation, coaching, and resources needed for these salespeople to perform.
The answer to this is having a motivated workforce. There are several advantages to having a motivated workforce, they include; higher profits for the business, a better corporate image, lower staff turnover (which reduce the costs of recruitment and dismissal), less conflicts in the workplace (which leads to a conducive working environment), a higher morale of the workforce and an increase in job satisfaction (this can lead to less absenteeism which means greater efficiency in the workplace and greater quality in the results produced.) When looking at the disadvantages brought about by having a poorly motivated or a demotivated workforce, which include; increased number of disciplinary problems (which leads to more time being wasted solving these problems rather than working to achieve the organizations goals), high rates of absenteeism poor punctuality (this leads to inefficiency and increased levels of waste), a higher labour turnover (this increases the costs of dismissal and recruitment), increased customer complaints which leads to a poor corporate image, therefore these disadvantages all lead less profits for the business at the end of the day. The managers of any business are better off motivating their employees and reaping the benefits as compared to suffering the