Discuss About The Strategies Monitor Surveillance Wageningen.
The business is non-profit making organization and will be committed to transforming the town into promising tourist destination center. The importance of the company will be to make the city regain the lost glory by becoming the best tourism center in the area. In the long run, the business must attain to restore the town lost achievements. The most accountable person to help this will be management who will hire qualified managers to control the non-profit organization in transforming the city.
In term of PEST analysis, the company will depend on political, social, economic, and technological for growth and success in achieving its goals. Also, the company will utilize the strength and opportunity to the maximum and deal with weakness and threats accordingly. Both the internal and external analysis is an essential aspect of the company and analyzing them will help the company to perform great
Businesses obtain information’s from different sources. In this case, the source of information will be
Financial sources-business obtains information from financial controller or accountants who manage the data which are related to economic health regarding the bank. Mostly the information collected is about the profit, profit margin, profit, etc (Steiner, 2017).
Personnel-one can obtain the internal information through the personnel such as human resource manager who keeps the information regarding the staff in the organization.
Marketing/sales-in a company, marketing manager keeps all the data which are related to the marketing and promotion, like and dislike of all potential customers.
On the other hand, the company can obtain all the information related to the external environment through
Government-the information regarding the company can be collected from the government. The government provides the regulatory information which is related to the business. Some of the data includes tax liability. Government is a most reliable source of data for the company.
Companies use different techniques in growing the company values. Some of the methods used are
Workplace value identification-company must identify its value. Values are one of the most critical aspects of a company and identification them is the start of the long process of implementing them. Values provide does and don’t. Does are those thing which the company is allowed to, for instance, the most important does is providing customers with products or services and making sure they are satisfied with the product or service. Don’t are that thing which the company are not allowed to do in the long run. Some of the don’t in a company include corruption and illegal activity. Coming up with the values is the start of a long process in a company.
Follow-ups of the value identification is another crucial aspect of developing values in a company. Follow-ups involve making sure the laid down values are followed to the later. Employees can be so nagging sometimes and cannot support values if not checked by the management. To make sure the benefits are observed and adhered with the company must make sure workers have supported and implemented them to the final otherwise it would be a waste of time, resources, and capital by the company.
In every business, risk management strategies are very vital as it helps in minimizing risks which might be incurred by the firm. Some of the importance protecting the intellectual property in the company also includes
Intellectual property is much vulnerable than one realizes-the research done by America society for industry security concluded that the theft of IP costs companies from North America as well as the taxpayers to over $300 billion in the year 2000. Another research revealed that China’s manufacturing economy spends 10 to 30 percentages on producing knockoffs of brand names articles produced in other countries. Businesses such as pharmaceuticals, beverages or foods the value of your good name is at risk if counterfeit products poison the people. In the long run, counterfeiting of products is increasing at an alarming rate and is caused by the excessive use of computers as well as the internet for communicating (Smulders & Collins, 2015).
The management of the company has the responsibility of analyzing and managing the risk on behalf of the company’s shareholder. The role is stipulated in the Toronto stock exchange guideline which was incorporated into the corporate governance. At one point research revealed that 1 out of 10 listed companies had no risk management process. The research also continued to reveal that risk management was least developed governance activities in the majority of companies from more 600 companies that was surveyed (Smulders & Collins, 2015).
In community awareness or branding, the business is performing entirely well. The company is making sure the communities are aware of the products and the branding. The business will follow all the government rules and regulation to the later which include paying of taxes and offering legal products. The offering of quality products is the main mission and goal of the company. High-quality products will be enabled by hiring skilled labor and also training all workers about the products. The company will also check the triple bottom line to make sure there are in order. The triple bottom line includes economic, environment and social-cultural which affects the business in one way or the other. To continue operating in health environment the business must check the profit and loss account. The business must maximize profits as it minimizes the loss.
Before forming a partnership, a business must make sure that the following processes take place
Level of the trust-the company must make sure the company they are making an alliance with are trustworthy. It will ensure the connection to last long. Forming an alliance with the un-trustworthy company will not last for long as one company will feel betrayed at long last. Two firms making partnership must trust each other which can be attained by companies opening itself to each other.
Level of expectation-Companies entering partnership must understand more about each other to eliminate any doubt. If a company have been in collaboration and has been being betrayed, this might reduce the level of trusts to each other. To avoid this, they should open and understand each other before the partnership commences.
The key shareholders to discuss the organization mission, values and vision are the employees because they are the one who will make sure they are attained in the long run. They are also the right shareholders to discuss with about the findings, analysis and providing them with the brief and obtain inputs as well as an endorsement of the strategic plan.
Benefits of consulting with the organization
Unique solution-organization which consults from other organization offers unique solution to their clients. This is because the answer is discussed by two or more parties with more experiences.
Speed-the sped used to offer the solution is increased. Consulting from firms will help the company to offer a speedy and accurate solution from a different perspective.
Knowledge-companies which consults from outside has more experiences. Consulting from other firms helps the firm to increase its knowledge about the product thus making the firm to offer wise decision in the long run.
The best way to make sure the company has skilled labor is by offering a competitive salary. The primary role of looking a job apart from attaining career aspiration is getting a salary to raise the families. Offering competitive wage will attract all the qualified skilled from the environment.
The basic training for the employees will be to make sure they can handle the customers properly. The primary function of business existence is to make sure customers are satisfied which can be attained by making sure they are handled properly and wisely. Unsatisfied customers won’t come back to the company thus treating them carefully is essential (Perchthold & Sutton, 2011).
Some of the weakness may be the company might lack good internal communications. This will affect the company differently. Communication is critical to business success. Another weakness is terrible location; location is very vital for a company as it decides the number of customers who will visit the company. On the other hand, some of the strengths include
Excellent sales staff-the role of sales department is to make sure the company reaches as many customers as possible which means that when the sales teams are doing great, the company benefits a lot.
Good innovation reputation is the strength of a company. Innovation in a company helps in making work more accessible and making sure the company reaches its goals and objective in the long run. Other strengths include good relationships with customers, excellent internal communication and successful marketing strategies among others (Steven D. Peterson, 2015).
References
Perchthold, G., & Sutton, J. (2011). Extract value from consultants : how to hire, control, and fire them. Austin, TX: Greenleaf Book Group Press.
Smulders, F. J., & Collins, J. D. (2015). Risk management strategies : monitoring and surveillance. Wageningen: Wageningen academic publ.
Steiner, M. (2017). Economics in antitrust policy : freedom to contract vs. freedom to compete. Boca Raton, Fla.: Dissertation.com.
Steven D. Peterson, . E. (2015). Business Plans Kit For Dummies. oboken, N.J.: For Dummies ; Chichester : John Wiley.
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