Necessary information the fudge factory need concerning outsourcing decision Outsourcing is one of the most practiced processes for companies under different circumstances. For instance, a company might opt to practice outsourcing when its product demands have hiked, and the company cannot meet the demand, maybe due to limited operation space or the minimum workforce. However, some accompanying disadvantages might accrue from outsourcing; for instance, the supplier products or services might be different from the original supplier hence severely affecting the business of the company. Necessary information the fudge factory need concerning outsourcing decision From a personal point of view in the Fudge factory scenario, the board members need to have an intensive analysis of the situation before coming up with the decision of outsourcing. Also, they should do a lot of customer and market research and be able to see if they can meet the market demands through outsourcing or opt for expansion options. Moreover, it is more evident Bob’s factory has limited space of operation, and it’s designed to fulfill only a few objectives of serving its consumers, and…
Quick Hacks that Digital Marketing Beginners Can Use to Grow Their Business FAST Marketers have had to contend and keep up with the numerous leaps in technology during the past few decades. At the moment, only a fast-paced brand will survive and make the most of what technology has to offer. With so many technology solutions coming up, it is imperative to understand what to pay attention to and what to let go. Clearly, you cannot embrace everything that comes your way as a company. Besides the limitations of financial resources, it might prove impossible to align some new technologies with the operations of the company. As you think of the technologies to ignore, digital marketing shouldn’t be one of them. Your business will heavily rely on the execution of appropriate digital marketing strategies to experience the desired level of growth. A recent report by Business Wire revealed that while a sizeable number of marketer are uncertain of their future, they are convinced that digital marketing will be a critical element in their company over the next…
impact of total quality management on customer service and company productivity Total quality management is a framework that helps a company to produce goods and services of high quality throughout the production period. Quality management gives the guideline on the procedure that has to be followed in ensuring that all the products meet the market standard. Furthermore, they are part of the body that determine how activities will be performed in an organization. For the increase of competition of the global market, the production of high-quality products will ensure that a company is in positive competition. They give the final measure to be implemented in addressing issues on quality in a company’s products. This management ensures effective and efficient production through the encouragement of companies to plan on production services. In this discussion, we will discuss much on the impact of total quality management on customer service and company productivity. Customers are one of the essential organs that are of benefit to the growth of a business. Following this, their needs and preferences should be taken into consideration. Companies and…
compare and contrasts arguments for and against universal healthcare in the US The United States’ (US) healthcare system is considered one of the most advanced yet very expensive, especially for Americans without medical cover. This paper will compare and contrasts arguments for and against universal healthcare in the US. Financial implications of a universal healthcare system (UHS) for proponents are that it lowers the cost for healthcare and administration in the country as the government can make price controls through regulatory measures and negotiations (O’Malley et al., 359). Financial consequences by those against UHS is that healthy people are burdened with the task of paying for the medical care of other people. Also, people with fewer incentives financial tend to stay healthy; therefore, without a copay, people could misuse the health system. UHS forces doctors and hospitals to offer the same standards of services at low costs as they receive the necessary funding from the government despite being in a competitive industry. This will help in reducing the targets on wealthy individuals for exorbitant profits. However, on the same, UHS…
How to prepare for mold remediation Any task we intend to fulfill in our life depends on the level of preparation. The same applies for mold remediation. Before embarking on the exercise, we need to begin with the groundwork that will elevate the level of preparedness and consequently increase the chances of success. Here we give tips on how to handle critical aspects of mold remediation. We also outline the requirements needed for success. Time to deep dive! Isolation The first thing to do is to isolate the suspected area of mold infestation. The aim here is to prevent further spread. If it is in a particular room, the wise thing is to seal off the doorway. Make sure you use plastic sheets and duct tape to ensure that mold spores don’t move to the next room during mold remediation. As part of the isolation procedure, ensure you remove any moisture by disconnecting the source. Repairing leaking taps or pipes is a sure way to achieve dryness. Mold Inspection and Air Quality Testing Before…
management by objective approach As organizational and business environments have become more competitive, employers deemed as change agents have responded by adopting transformational management styles. Despite that, some employers have refused to abandon traditional approaches such as management by objectives. This discussion explores the management by objective approach. From a personal experience working for a credit company as an account open clerk, this approach was evident in the use of a performance appraisal system and pursuing specific goals. The organization where I did my part-time job had just entered the market. Therefore, it aggressively recruited salespersons to open new accounts and process loans. All recruits were required to open at least thirty accounts in a month. Upon getting a client and opening an account, were directed to forward the transaction to our supervisor. The supervisor compiled the information to rank our performances. Recruits who managed to meet the set targets were appraised and rewarded accordingly, while those that failed to meet the goals were warned and encouraged to increase their efforts. The approach explained above corresponds to management by objectives…
Social media and its Global Impacts Many people and organizations always want a place where they can freely share ideas, information, and thoughts. Therefore, making it easier for them to share stories and events that they feel will have an impact on those that are viewing. Social media being a computer-based technology and a higher percentage of people in the current era having access to computers it has made interactions easier. The facilitation of internet services has also led to the reduction in the charges people were to pay for them to access social media platforms. This project will focus on the impact social media has on the people and organizations that rely on the various online social media platform to pass information and enhance interaction. The impact of social media, as an essential component in business strategy. Many businesses rely on social media to market their products. Social media also plays a more significant role in industries to get feedback on the services and products they offer. Having a digital marketing channel in almost all organizations is mandatory. It…
Media Convergence and Its Effects on Daily Life About 85% of us have ever texted someone, surfed the internet, and watched the TV at the same time. Sometimes back when one was going on a vacation would carry various devices and resources that will enable him to have an enjoyable time, such as a camcorder, DVD player, novel, and even a wallet to purchase essential items. Today we do not need all this, but only we require to have our smartphone, and everything gets done. With this, we can understand media convergence as a phenomenon that involves the interconnection of information and other communication technologies. Media convergence puts together different technologies to one standard technology. It puts together the three Cs of technology, which are Communication, Computing, and Content, which results in media digitization and popularizing the internet. For example, the smartphone allows us to communicate, view, and share content as we could have required more devices before. Media convergence has significantly changed how we receive data; we can get TV news from the internet using a smartphone. In the…
Media Advertising Advertising media are the channels through which the advertisers transmit the advertising information to the potential and existing customers. The message about the product and service is sent to the consumers and the people concerned through the media. In advertising, media facilitates the transfer of information of an advertiser whose aim to reach t the target public to create awareness of their product and services. In the twentieth century, the media was dominated by print, television, and radio, this media attracted a wide range of people, which allowed people to get access to the news all over the world. At the beginning of 1989, the World Wide Web created pathed was for social media, which made advertising even more accessible. Traditional media allowed businesses to target a wide range of customers through billboards, television commercials, and print advertisements, among others. However, the conventional press was a bit more expensive as compared to the new media. Billboards are the most common type of traditional advertising. They are usually placed where there is people traffic, and the message is typically…
Marketing Goals Marketing is an aspect that plays a vital role in enhancing business success. The statement implies that firms incur more resources into advertisements. As a result, an awareness that if they join with the right companies or link with suitable individuals, there will be better business outcomes. Besides, marketing goals are tailored to the needs of consumers since they are sources of profits and sales. The formulation of marketing goals, therefore, is necessary to ensure that Mobile Manufacturing Inc. (MM) does not encounter hardships in the newly anticipated project. The company will formulate goals relating to customer satisfaction, sales in units, and profits to drive the business forward. Despite easier communication in the domestic market, it subjects a company to maximum cyclical effects. The first goal of the marketing project will relate to enhancing customer satisfaction through face to face events. Concerning this goal, MM will be required to come up with live consumer events within the premises of the company (Rinallo, 2019). During such events, the firm should collect what customers love through a live stage. This…