StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Making Management Decsions - Essay Example

Cite this document
Summary
As business analysts for Cap Finance Ltd, you are required to produce a full report on the viability of Envchem’s new product. All assumptions should be stated clearly. The report is expected to contain the following elements:
The Envchem Company is a company that…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Making Management Decsions
Read Text Preview

Extract of sample "Making Management Decsions"

1. As business analysts for Cap Finance Ltd, you are required to produce a full report on the viability of Envchem’s new product. All assumptions should be stated clearly. The report is expected to contain the following elements:(a) An Executive Summary of up to 250 words, highlighting key findings. The Envchem Company is a company that specializes with the production of environmentally friendly products. These products include the detergents used for the household cleaning and other cleaners.

However, the company ensures that they do not engage in the production of any harmful products and work, in the focus of developing other detergents without the use of harmful chemicals. The company performance is similar to that of the other companies, but also affected by the environmental influences (Eberhard, Reiner & Herbert, 2005). The company has managed to acquire products that are marketable but needs financial assistance to foster a successful launching of the products. The efforts have been made in order to facilitate the acquisition of the required funds through the approach of the venture capital company.

The company has been incurring the cost of construction that amounts to £2 million in order to finance the construction of a pilot plant. If scrap value of the company is £200,000, this is the amount that would be valued if the company were to decide the discontinuing of the pursuit of production of the products. This is a plan of investing an additional £8 million in order to facilitate the continuation of the operation of the company. The factory is anticipated to be in function for a period of ten years with a production capacity of 150,000 liters of products every month.

The company has decided to sell the product produce at a price of £2 per liter for the detergent. This price of the product is based on the market research that is conducted in the industry (Olson, 2009). (b) A brief discussion of factors likely to influence the demand for an ‘environmentally-friendly’ product of this kind. Gather evidence from the experience of other similar companies (eg Ecocover etc). This should be no longer than 300 words. The rise in demand of the environmentally friendly products is attributed to the increase in the increased focus on the environmental issues.

Various efforts that are focused on sustaining the environment have been implemented. The strategies have created the incentive of terms like offsetting and others like the carbon footprint. Numerous organizations are focusing on the efforts aimed at focusing on the adaption of the marketing strategies for the capitalization of the consumer desire to consume the environmentally friendly products.There are additional strategies that are taken into account with the aim of additional factors that act as a part of the marketing mix.

These deviations are accepted by the marketing mix that also fosters the development of the environmental marketing mix. There are situations that increase or decrease the product cost of these products. This has a direct influence on the demand of the products due to the consumer willingness to purchase the products at a given price. The products also increase the cost for the organization thus making them to have a relatively higher price than the convectional products. This seems to increase the demand for the product.

During the recession periods, the customers place the prices of various products at a higher priority than the utility consumption derived from the products. Therefore, the customer will be purchase the products that are of the lowest price thus reducing the demand of the environmentally friendly products. The demand will thus act as the driver of the company decisions in their operations (Philip, Gary, Veronica & John, 2008; Frances & Stephen, 2006)ReferencesEberhard A, Reiner A. & Herbert B. (2005). Environmentally-friendly product development: methods and tools. New York. Springer.

Print Frances B, & Stephen P. (2006). Principles of marketing. New York. Prentice Hall. Print Olson, G. (2009). Better green business: handbook for environmentally responsible and profitable business practices. New York. Pearson Prentice Hall. PrintPhilip K, Gary A, Veronica W, & John A. S. (2008). Principles of marketing. New York. Pearson Education, Prentice Hall. Print

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Making Management Decsions Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Making Management Decsions Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1591550-making-management-decsions
(Making Management Decsions Essay Example | Topics and Well Written Essays - 500 Words)
Making Management Decsions Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1591550-making-management-decsions.
“Making Management Decsions Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1591550-making-management-decsions.
  • Cited: 0 times

CHECK THESE SAMPLES OF Making Management Decsions

Care Management Decision Making in Practice

While reflecting on such care delivery, I found that evidence-base care is actually a scientific process of arriving at a decision regarding management strategy that involves academic theoretical learning and experiential training on the backdrop of a model of collaborative care that involves input from all the professionals involved in a particular patient's care.... Healthcare practice no longer is a process of empirical care delivered by healthcare professionals, such as, doctors and nurses by practice methods learnt from seniors in the field; it is an entirely evidence-based process of analysis of problem and a process of step-wise synthesis of decision making dependent on academic learning that involves implementation of care through collaborative means by the professionals....
8 Pages (2000 words) Essay

Management of Decision Making

Bank Muscat is the largest Bank in Oman with a strong presence in consumer banking, corporate banking, Investment Banking, Asset management, private banking and project finance.... This paper envisages making a case study of the problems faced by stake holders and various other entities dealing with a particular branch of a Local bank and how SSM approach provides a solution to the problem identified: SSM involves various key stages in its implementation like, identifying and defining the problem situation and expressing them in the context of relevance to human factors involved, creating relevant root definitions and thereby evolving conceptual models measuring performance....
14 Pages (3500 words) Essay

Management Decision Making

This essay begins with the problems faced by management decision making in an organization which is shared by three shareholders from three different countries, namely Qatar, Netherlands, and the USA.... The organization is faced with certain cultural issues in the way of communication....
22 Pages (5500 words) Assignment

Management Decision Making

Some have even threatened to resign if the management doesn't do something about Jack.... He seems to be doing well on his job but has somehow become more of a complainer lately.... Jack's co-workers can barely stand him to be around him because he always… He complains about his fellow co-workers as well as the way work is done, but he is doing too well to be simply transferred or released from work due to such complaints....
16 Pages (4000 words) Essay

Management Decision Making

The paper "management Decision Making" describes that in arriving at a decision, the team applies to cause and effect diagram, which investigates business systems for possible problems which cause inefficiencies.... management decision makingIn arriving at a decision, the team applies cause and effect diagram, which investigates business systems for possible problems which cause inefficiencies.... This is because the management is not equipped with the right skills required to run the system during implementation stage....
1 Pages (250 words) Case Study

Management Decision Making

One intends to introduce quality improvement measures in the areas of curriculum development, areas Management Decision making management Decision Making Knowledge management is “about providing the right knowledge to the right people at the right time, and helping them apply it in ways that improve organizational performance” (Asian Development Bank, 2012).... Knowledge management is “about providing the right knowledge to the right people at the right time, and helping them apply it in ways that improve organizational performance” (Asian Development Bank, 2012)....
1 Pages (250 words) Essay

Management Decision Making

In the paper “management Decision Making” the author describes decision making as the most important tool in the running and management of an organization.... It also deals in the sale of software applications in the fields of accounting, document management, payroll, tax, mobile applications, and company workflow management, among others.... ew Business ModelThe new business model will retain the supply chain management system, while at the same time it will regulate its attention towards acquisitions and innovation....
2 Pages (500 words) Essay

Management Decision Making

This paper “management Decision Making” will focus on the explanation and discussion of a potential conflict situation within the organization, what metaphors are attached to it and on the basis of that what single methodology may be used from systems of systems methodology.... Considering this situation, the employees are using informal methods such as grapevine etc to spread negative publicity about the project and resultant other employees are also not cooperating with the project management team....
20 Pages (5000 words) Research Paper
sponsored ads
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.
Contact Us