Journal Essay Example | Topics and Well Written Essays - 1250 words - 1

Journal - Essay Example Marketing management bases on the concept of situation analysis in which the manager has to keenly analyze and closely monitor the firm so that everything runs parallel to the firm’s objectives and mission. Since it is a broad field, situation analysis divides itself into the economic, competitive, cooperative, legal, social and political environments. The economic environment It is a major determinant of how the firm survives in a competitive market. This type of environment can bring with it marketing opportunities or constraints. For example, such factors as high inflation and unemployment can limit the size of the market that can afford to purchase a firm’s top-of –the-line product (Peter and Donnelly 17). The competitive environment Firms are after a similar raw material and target at same consumers. In this environment, the management must look out for competing firms, drive competitors out of the industry and aim at offering value sensible products to the consumers. Political environment It influences how the public views the product. It composes of the business critics, the public and other organizations. To guard the corporation image, the management must satisfy the standards set to avoid criticism. ... Operations management functions The functions are categorized under design and control issues (Mahadevan 16). For the design issues, the functions are realized in product and design development. This is a major importance since it facilitates creativity in production to withstand external competitions. In addition, there is improved quality management, which helps build trust with customers. Designing is important when locating and making layouts of facilities that enables efficiency in production. For control issues, operations management is a guide for forecasting, as it understands the flow and trends of products. This helps in controlling production such that there is neither surplus nor deficit. Supply chain management is put under control since it depends on the operations management decisions. Still, the operations management helps guide the maintenance management because the operations determine how frequent the maintenance practices are carried out. With all these summed up, there is a continuous improvement of operations in a company. The operations management faces competitive pressure. This is because of technological advancement today. This can be attributed to be a major challenge. On the same note, the pressure can be from the economic reforms. Organizational design Organizational design involves two complementary problems: how to partition a big task of the whole organization and how to coordinate the subunits so that they fit together (Burton et al). The problems make organizational design a continuous executive process that requires short-term and long-term resolutions. Since it is a continuous process, a systematic approach reveals what happens Step 1: getting started Every firm has a goal and mission

Managing Construction Essay Example | Topics and Well Written Essays - 2000 words

Managing Construction - Essay Example 2005). Account also needs to be taken of changes in the quality of labor. Educational achievement is the usual delegation for quality. In construction, this alternative is least dependable, since many skills are acquired from experience and workshop training. The service is the amount of the finances that is made use of in production due to repairs. Reports have shown that there is dwindling productivity in the construction industry across UK. The industry has had downfalls that are associated with many contributing factors. Among the factors that affect productivity as discussed in this paper are employing skilled labor from abroad, increasing overtime for local skilled labor, rapid training of new local workers, and the use of more capital-intensive methods of construction (A 2000). Risk is characterized as the introduction to loss/gain, or the likelihood of event of loss/gain reproduced by its particular size. Activities are said to be sure if the likelihood of their event is 100% or completely unverifiable if the likelihood of event is 0%. In the middle of these extremes, the doubt shifts generally. Chance additionally could be characterized as a normal for a circumstance, movement, or occasion in which various conclusions are conceivable, the specific one that will happen is indeterminate, and no less than one of the potential outcomes is undesirable (M.A. 2000). Risk can further be characterized as the vicinity of potential or real requirements that could hinder productivity, bringing about complete disappointment either throughout development or at time of utilization. Risk can be simply illustrated as; Employing skilled work force from abroad has assorted inconvenient consequences to the productivity of the construction industry and the countrys budgetary standpoint on the loose. The expenses are connected with decreasing the profitability and