Nanotechnology in the Agri-Food Sector, Drink and Food Industry - Assignment Example

Customer needs and requirements; for instance, the drinks and food sold should reflect the taste and preference of the customer in a given market. This operational plan will consider a few attributes which are most valued by the customers. Another strategy for improving quality is through involvement and communication, as was asserted by Lin Grensing-Pophal “even those not involved on the process improvement team need to be informed of the plan and the intended result” (2005). Whenever information is disseminated to the employees the improvement goals and activities as well as the side they can play to impact those activities the greater the value of the result. The other ways of improving the quality of production may call for the following elements, defined and well-managed processes, and integrity criteria of job management. Subsequently, it narrows down to competencies, such as knowledge, skills, experience, and qualifications. The quality of the product is at risk if soft elements like organizational culture, personnel integrity, motivation, and team spirit are not envisaged in the operation process. The quality control will be provided by physical inspection and lab testing in compliance with the market standards and the company’s specifications and also in line with ISO standards. (Frewer 53)

Technology has a major impact on the way all businesses operate in the world today since every person wants to go global to increase sales volume. The company that deals with cameras is likely to have various segments of the market that is to say local and international markets which in turn will call for e-commerce in its operation. When transactions are done via the internet there will emerge information risk due to many different types of personal and sensitive information concerning customers are. This requires the company to build a strong internal control system to curb cases of stealing information that would bring its operations down and thus lose market share. The proper contingencies measures would include electronic shopping carts, firewalls, and encrypted websites. Authorization access should also be exercised to limit the threat that could arise. Financial risk is one of the factors that face companies across the board regardless of size or way of operation. Camera businesses may face a difficult time securing external funds in that they might lack sufficient assets to charge as collateral. The lenders and bankers normally require parameters of the asset base to be used for accessing the creditworthiness and long-term viability of repayment of the loan and not the liquidity. Generally, the expenses may outdo the cash flow, because a lot of fees are involved in the protection of electronic shopping carts, websites, and hosting. (Frewer 79)

 These expenses will be required to be parted with by vendors who operate online. To mitigate such risk the company must employ a qualified and highly experienced management team to execute its operations. The camera mostly deals with technology therefore technological risk will affect the business so much. To overcome this challenge company will need to change and tailor its products in line with the current technology or otherwise outsource to reduce operation costs. (Frewer 23)