You were recently hired as a manager of a company (a firm) that is facing a numb

Question

You were recently hired as a manager of a company (a firm) that is facing a number of managerial issues and subsequently finding it difficult to make economic profit. The issues include the following:

Resource misallocation

Manager-worker problems

Threat of competitor’s takeover

Government regulations

Poor pricing and output decisions

From your experience and the knowledge gained from this course, critically analyze how each of the above can impact firms’ sustainability and identify the appropriate strategic steps you will apply to revamp this company.

Directions:

The essay should be formatted as follows:

Times New Roman, 12 point font size and double-spaced

Page limit: 8-10 pages (excluding cover page and reference page)

Insert page numbers

Include cover and reference pages

This rubric will be used to assess your term paper: term project paper rubric

Explanation / Answer

Answer :

1) Resource misallocation will lead to more time in completion of work and order will not be completed on time due to which the demand of the customers will not be fulfiled and company will start losing its potential customers and in that the case the conditions will get worse for tyhe company to survive

2) Manager worker problems is the most common issue that is being seen in many companies today and it is very important to overcome this problem becuase manager worker relations are not good then the goals of the company cannot be achieved and objective of the company will not be passed on to the workers effectively

3) Competitors are always looking over to take existing businesses and to do this they do all such actions and take such decisions due to which the existing business loses its position in the market in that case the existing compnay shoiuld be prepared to take proactive move and do not wait for the competitor move

4) Government regulations should be followed by each and every company and this is the biggest area due to which the companies are mainly affected and these are uncertain . Government can paas any such rules and regulations that can affect the profitability of the company very badly

5) Pricing is the thing that attracts the customer the pricing of the goods such be as such that it can be [purchased by any class of customers without affecting the purchasing power of teh customers

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