“Decision making is a process to choose the best solution among many alternatives.” To see if a decision is acceptable or good depends on the objectives or the goals of the management. The objective of Crowair Plc is to provide basic services that aims in lowering the cost of the company. To achieve the objective of the company, the management has to go through the process of decision making which is a collaboration between planning and controlling. Planning involves carefully examining the objectives or the goals of an organization and formulating realistic, clear and detailed plan on how to achieve these goals. Planning prepares the organization for tomorrow by examining what an organization wants to achieve today and how it will go about accomplishing that objective.
Similarly, it is also essential to assess the feasibility of the constructed business strategy to determine whether it can be implemented to new product concept development successfully or not. It depicts that for Marks and Spencer the proposed business strategies in reference to new product development must be scaled. This process is started while idea generation and financial planning as well as continue to the process of implementation. Here there are number of aspects that are necessary to take in consideration such as company should make sure can the developed business strategy be funded, organisation have the capability to meet the required level of performance in terms of products quality, store services and other. At the same time, it is also essential for Marks and Spencer to determine the marketing and management capabilities needed to maintain the achieved market and competitive position.
In order to expand Frog’s Leap current market, the company could use some alternatives, including: increasing production, increasing their sales, promoting the winery, or tapping into new market areas. In order to increase Frog’s Leap’s sales, the company must increase production; expand their current market while tapping into new markets as well. Hiring more employees is essential in the increase of production. Also, the new hires would be able to utilize the new land creating more products. This alternative seems plausible because the utilization of the new land as well as the increase in production would offset the cost of hiring new individuals producing additional revenue.
Thus, effective downward, upwards and horizontal communication must be enforced during project development process. Moreover, Barron and Barron (2011) found that it is important for the organization, through the project management team to ensure that they provide continuous communications to the organizational shareholders and other bodies of the organization on the process of the
Also, the internal structure of Alibaba viz its division in 1688.com, Taobao.com, Tmall.com,Aliexpress.com etc help in efficient operations, as well as cost reduction since this, helps them to serve specific segments of customers. Alibaba – Going Global In order for its sustained growth, Alibaba is increasing its reach of operations. It is expanding into Asia Pacific region, Americas, and Europe. The customers of these regions have different demands. Hence Alibaba has taken following steps to help its global growth: a.
The economic logic behind protectionist immigration agendas is that an increased population increases the labor supply and stops there. In this scenario, the equilibrium wage rate of labor supply and labor demand would be lower than the pre-immigration equilibrium wage rate, and the logic holds. Instead, separating scenario from real-world application would present previously unaccounted for effects. Being so, what actually occurs is as follows. As before, as the population increases with immigration, the labor supply would also increase, but the increased population would also lead to increased consumer spending and demand (i.e.
When capital markets are enables to offer funds, increase the risk of competitive entrants. The industry will becomes a magnet to new if a firm have a very high profit. Unless got way we can solve this problem if not the competition and competitor will increase. Firms in an industry try to keep the new entrants low by barriers to entry, first is economies of scale. An economy of scale is when an industry is characterized by large economies of scale for new firms to enter and participate, if they are willing to accept a cost disadvantage.
It requires time for the firm to expand its outputs by (building a new factory, install new equipments or machines to use different techniques of production). Companies have to come up with several decisions in the long-run such as premium pricing. These decisions influence to the cost of production. Therefore, pricing plays an important role in the long-run. Premium Pricing is the way that the price of product is higher than similar products.
These expenditures could be spread over several years to minimize the overall cost of acquiring these technologies. An example of this occurred during the second round, where R&D expenses were extremely high which made investing in new technologies and features much more costly. A wise decision would be to wait until the costs are more stable, which would allow MobAir to reduce costs and maintain solid profits. Market Share MobAir is concentrated on creating a high market share percentage and maintaining it throughout its different rounds. Which was successfully accomplished by building many plants in U.S.A. and Asia, and producing the accurate amount to satisfy demand.
DISADVANTAGES Long term financial development puts an awful effect on the inhabitants of any nation. Long term economic developments may be identified with expansion, as inflations may increase. Inflations usually increase the cost of products on sale, and as the costs are higher, it will be an issue to the nationality in question to be able to buy their needs There is a limited amount of time involved in the growth of an economy as it involves an increase in GDP. The hypothesis and practice are both diverse. The hypothesis is the thing that economists are able to figure out for themselves; however, to be able to use the hypothesis in reality is the main task.