"Administrators need to see their groups performing beneficially, and making positive move towards attaining the group's targets". Short Term and Long Term Strategies of XYZ Company, INC XYZ Company must execute some short and long haul methodologies for its financial needs, and create the procedures for the organization to deal with its working capital. XYZ Company must begin increasing sales today. It must attain its objectives and targets. In the event that the sales increase, the organization will create additional working capital, and can undoubtedly accomplish its yearly objectives.
End Vision First, I think that implementing a good management plan by the upper level management is very important for KFF’s to succeed as a company. Having a replacement inventory coordinator who purchases the best possible products for all three stores, Also, having a person who controls the accounts payable, receivables, and finances that coordinate all vendors get paid on time will allow Kathy Kudler to focus more on duties that need more attention. For instance, implement a better website for the business will give better benefits to customer, therefore, sells will increase. The company needs to understand the difference between having a website and having an effective website. The website that is in place in KFF only displays the goods and services.
It is important to note that all of the founders would need to be well informed and kept satisfied with the decisions as you are the key players in any choices related to Original Travel. ii. Customers (External Stake holders) Customer and clients of original travel have one primary concern which is getting the highest quality of service for their money. They would have a high level of power, yet a low level of interest. If you choose to merge it would be good for customers and clients as they will have a variety of holidays to choose from.
Basic Business Objectives • Profitability - Making a profit is the main objective for most businesses • Customer base – A business aims to increase the amount of customers it has in order to increase profit. • Public profile – Businesses need to have a high public profile to get new customers. • Sustainability – Economic survival is very important to businesses and they must plan ahead to ensure this. • Staff training – Businesses must keep all their staff adequately trained for the job they are doing. • Customer Service – Businesses should aim to have good customer services because it is important to keep customers happy.
Ultimately creating a district manager position would allow Dalman to focus on expanding the business on a faster scale, and not focus on these issues. This would fall on the lap of the district manager who would take over training, visitation, and any and all emergency issues that may arise. When the position of a district manager is created, the dilemma of who that individual might be would now be an apparent item. If the decision is made by Dalman to promote from within the company, this decision would allow the individuals who are looking to take a more active part in the business, and are looking at long term career advantages, a chance to promote. This promotion would not only allow the individual to take a more active part in the business, but also would reward that person for the hard work that they have accomplished since starting with Sandwich Blitz.
Acquire or Develop Talent Tanglewood should acquire talent, because it wants to keep performance and customer service at high levels. In addition, while old stores under Tanglewood have the same basic look, the management styles and human resource can use some improvements. Acquire talent is very helpful for new stores, because employees would “hit the ground running” and be at the peak performance the moment they arrive. Hire Yourself or Outsource Personally, I think Tanglewood should hire itself. Outsourcing is more practical for small and medium companies.
Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time.
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.
It also provides customer support in the form of consulting to these customers. HubSpot has reached a point where the company can provide limited service to a diverse set of customers thus needs to consolidate and target a specific group which can provide highest utility for its efforts. HobSpot should consider the expected Consumer Lifetime Value while selection of the target markets and should consider various ways to maximize it. Key implication of narrowing the target market is better service to the customer which will result into increased retention rates. As we know increase in retention rate in the customer segment has a significant positive effect on the CLV.
Short vs. long-term focus In the case of short or long term focus when it comes to employment, it is my opinion that it depends on what you are looking for. However, it is my opinion that for your particular company a long-term focus would be better of for you guys and will help you grow faster and have a solid and consistent mission throughout your regions. I believe that having a long-term focus and investing in developing your talent will result in having great managers that will pass on the culture of the company to their employees; in whichever store they happen to be placed. Since one of the concerns for both Emerson and Wood was the lost of the company core values as a result of expanding, I believe that having a long term approach to employment will assure that those who stay with the company pass on those values to the next generation of