Not only is that, the benefits decision is making fast in the organization. Centralization structure organization will behave speedily when there is only top managers is making decisions. Last but not least, the advantage of centralization structure is good in co-ordination. Centralisation structure ease better coordination between different bank’s operations. Direct authority and control will results in less possibility of issue of authority.
Therefore, it is recommended that Nanda should focus on the need market since it would be more feasible in terms of limited funds. Some may say that the fun market could boost the sales of Clocky as new and unique items are welcomed by the public. However, Clocky may soon turn into a fad product when newer products are introduced, in which people will not buy Clocky anymore. It has only short-term boot of sales in fun market while it has more long-term development in the need
Small businesses bring in revenue for the area around them and deliver quality customer service. They have the ability to bring life to a new area. These owners care more about their businesses and will do whatever it takes to succeed. Unfortunately, spending more money to access e-commerce and online advertising may not be in their budget. This would put them at a disadvantage to those larger companies who can afford the network with faster service.
By implanting this system, PVMS stock levels will be more accurate this will enable PVMS to order the right amount of stock which will save them money also makes it easier to monitor the business. On the other hand, for staff to check stock on the stock database, they need the internet which sometimes may go down resulting in customers going to other stores therefore, will result in PVMS losing profit. To improve, PVMS should set up a virtual private network which will reduce the amount of people using the internet However, a negative impact on providing access to the PVMS network from the internet can result in a higher risk of unauthorised viruses Therefore; PVMS should upgrade their systems yearly to prevent any malfunctions and important data leaks. A negative impact on PVMS is that they have to employ network managers to prevent any virus accessing the PVMS data In addition, staffs need training to be familiar with the system to operate it effectively which can be
The desire for wealth does help grow an industry in companies finding more cost effective ways of production, which could also result in safer working conditions. Companies that seek more money become larger and can lead to new advances in society, since the people who are making the new technologies and discoveries need funding in order to do it (Smith). While this is true, focusing on earning a profit will not lead to any great improvements, and are bound to fail. Whether it be from companies failing to live up to expectations causing shareholders to give up on the company, or people realizing the company’s greedy business practices and no longer support them. For if a company does not help create improvements in the industry, then it does not really have a
On one hand, this could actually help as location is needed for a business and finding a better place can help the business.There is also the benefit of reaching more people depending on the location and a bigger space.The other side of that is that some businesses cannot afford to do this as a good location can cost more than a pretty penny. Also you could easily have the same problem, but in a different area so there is no real guarantee that you will be in a better position than where you were before. In other words, a very risky
While lower costs are a benefit for their consumers, their competitors price their products at a higher level, and are gaining more market share than Nintendo. If Nintendo aligned their prices with their competition, they would potentially have more resources to devote towards producing new products that their competitors have not yet
Tesco as an online retailer would be able to sell a lot of good in sterling prices since it’s devaluating as a result competitors would be higher than its prices. It can make a real profit from it. Tesco should really be nimble to technology advancements because it might be an opportunity for the
First, if the interest rate in its own country is low then investing outside is a better option for the company in the long run since it is expected that the MNC will gain a higher interest rate on its funds. A local currency with low market value will make it challenging for the multinational company (MNC) to compete with bigger and more stable companies in the international market. Lastly, it will be beneficial for the MNC to invest funds in a financial market with a competitive currency at the global market that will appreciate over time. 5. Explain why some financial institutions prefer to provide credit in financial markets outside their own country.
“Adding incentives” (Source A) to motivate a worker instead of “Paying high wages” would prove a better strategy as it would sustain the amount of money gained and allow for the use of more employees. Although the USPS is already losing money, gambling a risk would potentially allow it to become “the first carrier to reliably deliver all week” which would give them more faith in a system of “spotty service”, (Source