We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Critically analyze the importance of the factors that managers must consider in - Essay Example

Comments (0)
Managers can be able to take appropriate decisions about production, pricing, new product design and development and all other strategic decisions and thus to avoid…
Download full paper
Critically analyze the importance of the factors that managers must consider in
Read TextPreview

Extract of sample
Critically analyze the importance of the factors that managers must consider in

Download file to see previous pages... In today’s business contexts, organizations and their environments are becoming more complex and changes occur rapidly and therefore managers are to consider all marketing related factors and its critical significance to the forecasting as well.
A good forecasting must be consistent with other parts of the business (Keat and Young, 2009, p 143). For example, when a manger forecast 25 % increase in sales, it must ensure that there are sufficient facilities, labor forces and raw materials to meet this target. The demand forecast must be based on ‘past knowledge’ because forecasting is a process of foreseeing the future from the past performances. Even though in certain cases past results are not so important as in the case of new product development, past knowledge contribute much to the successful demand forecasting ((Keat and Young, 2009, p 143). A manager conducting forecast must be able to consider the economic and political environment and the probable changes because the these factors can cause major changes in the way the business is to be carried out. An effective forecast must be timely as well because if the results are too late, the managerial action also will be late that will lead to business failure (Keat and Young, 2009, p ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Critically analyse the role of senior managers as barriers to organizational change and explore how this can be addressed
One of these theories pertains to the role of senior managers as barriers or deterrents to change, instead of chief purveyors of change to attain higher profitability and efficiency. Quite ironic, as senior managers are tasked to undertake management and operational initiatives for improvements and innovations and to conclude otherwise will cast doubt on their sincerity and loyalty to the ideals of the organization which they lead.
10 Pages(2500 words)Essay
Critically Consider the Importance of Public International Law to International Business
The overall complexity as well as the size of the organizations has increased over the period of time. Firms are now not just limited to the borders of their own countries. This paper will attempt to explore and critically analyze the importance of public international law to international business.
9 Pages(2250 words)Essay
Importance of Managers Cost Understanding
Therefore, from Management's expression, "What a product should have cost" is more important than."What it really did cost". Managers have to compare their product cost with "What it should have cost". Reasons for deviations are the ones rigorously analyzed and responsibilities are quickly fixed.
12 Pages(3000 words)Essay
Defining Moments: When Managers Must Choose
However, the intricacies of modern day business operations make this a challenge. Consequently, many business ventures hit snags on daily basis with the investors counting loses of unknown amounts. While this is the case in some cases, there are other cases which present opportunities and success stories to investors.
3 Pages(750 words)Essay
Factors to consider when setting wages
Factors to consider when setting wages. The determination of wages to be paid to employees can be regarded as one of the most critical functions of a human resource department. The human resource director in any organization should determine the appropriate wages to be paid to employees.
7 Pages(1750 words)Essay
Critically analyze laws of comparative advantage
It discusses the basic theory that assumes that all the factors of production are immobile and that both (all) countries have the capacity to produce both (or all) goods. Further more I have illustrated through theory example of labor matrix, besides those concepts like Opportunity costs, Demand and Trade impediments has also been discussed.
10 Pages(2500 words)Essay
Analyze what a country must consider regarding the major issues of monetary and exchange rate policies
Monetary policy is a set of guidelines established and applied by the government to have control over the market economy and other economic activities in terms of the pace, the direction and the rate of the
3 Pages(750 words)Essay
Critically consider Judith Butlers work on performativity
Butler specifically states that performativity is one of the constructs that makes up gender. Each individual establishes a performance of their gender according to the association and identity that is affiliated with gender identity.
8 Pages(2000 words)Essay
Business Strategy and Policy: final term paper Summary and TOWS matrix
The report draws attention to the fact that how Nike has changed its strategies over time since its inception in 1968. The main business of the Nike is the design, development and worldwide marketing and
5 Pages(1250 words)Term Paper
How to Win Friends &Influence People
Dale Carnegie had identified those elements in human behavior which were fundamental and unchanging. In the year 1981, a revised version of the book was published with updated language and case references. The revised
8 Pages(2000 words)Book Report/Review
Let us find you another Essay on topic Critically analyze the importance of the factors that managers must consider in for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us