Bus 640 Final Paper

Inventec could attempt to increase its margins by selling their hardware, including Notebook PC’s, directly to retail stores and customers. This is an option to explore because they could decrease costs by eliminating the middleman. At this point, selling its own products is not a good option, because Inventec is too dependent on business from HP-Compaq to risk

In analyzing the concepts discussed in Human Resource Management, I have found an interesting mix of education and forethought into the role of a human resource manager. Many of the aspect of human resource management such as HR planning, recruitment and selection, as well as, human resources development and labor relations all play a significant role in the success of any organization. There are many benefits to the learning that has taken place in this course that has helped me better understand HRM and its roll that will shape not only my position in business now but for future

a. This particular industry has a constantly increasing cost. There will be an increase in the demand for input factors for one key reason. Every day, new companies will be introduced into this market of remodeling, economic profits being the encouraging factor. Because of this, there will be a bid up on input prices for the companies in the industry of remodeling. “When a market is characterized by a large number of small producers, the demand curve facing the manager of each individual firm is horizontal at the price determined by the

Job descriptions are a vital part of recruiting and managing employees. These written summaries of jobs ensure that applicants and current employees have clear understanding of their roles and what is expected of them in order to be held accountable. Despite the various job descriptions and posts for new hire, it is imperative that job descriptions be thoroughly written because it will help employees understand the major areas of their job or position and also help attract the right candidates for the job. In this essay, I will be writing on the components of job description with emphasis on the role of Operations Manager with careful analysis of the important facts about the job with respect to the tasks, tools and technology, knowledge,

The company that I will be writing about is called Aleve. Aleve is an OTC drug that is made from the company known as Bayer. This medication is known for being a pain reliever that provides relief for a variety of condition. Just like any other company, Aleve has to be able to create a marketing plan. This plan has to be very strategic in order to gain customers and investors. The company must choose a market that they want to target. By doing this they must find out information about their competitors. This information will help them to come up with a marketing strategy that will tell customers why they should

Once we get the contract back from the retailers we need to sit down with Nancy, our Human Resources, and get started with the hiring. For hiring the new employees that we will need for the addition work, the steps of advertising for the positions, scheduling interviews, and meeting to choose the correct candidates must be taken. Let us start off by writing the job descriptions down so we have clear definitions of what each job will entail.

Tobacco smoking is the largest preventable cause of death and diseases in the United States of America. Close to 480,000 Americans lose their life each year due to illness caused by smoking cigarette. (Healthy People 2020, 2010).

From the courier, it is clear that the products with the highest customer awareness have the higher market share. With that in mind, we will adjust the promotion budget for the low end products to increase our customer awareness which in turn will increase our sales if we continue to compete based on low prices. Because we are featuring our low end product, we think that this product will remain in the cash cow position, never becoming a star through an increase in market growth rate. The only way that this product will ever become a dog is if the price of the product

Not only managers face the complex situations of making right versus right decisions, but we all are confronted with such dilemmas on a regular basis, both in our personal lives and in our professional lives. The managers need to be trained to take these kinds of situations. Unfortunately, manages are not assisted or trained in this area of decision making by most of the organizations. They are left to make their own decisions, and managers who are not good in decision making end up making the wrong decisions.

Intel actively searches for new opportunities in different (chip) markets, and when these new markets after a while are getting more and more established, Intel protects its market share by significantly reducing the chip’s prices (Lumpkin & Dess, 2001).

We knew that while making our product we had to keep in mind that different type of customers wanted different things all depending on how much they were willing to spend on the product. For example, Our Workhorse demanded more Easy to use, Low price, has a distinct look, able to store a lot of data, After-sale service and support, can link with other computers, Fast and powerful. They needed something reliable and less expensive since they are the hardworking people that don not have too much money to spend The chart here explains a little better on the Workhorse needs and want. The price that the workhorse was willing to pay for the product was 2,500.

The pricing strategy for a new product should be developed so that the desired impact on the market is achieved while the emergence of competition is discouraged. Two basic strategies that may be used in pricing a new product are skimming pricing and penetration pricing.

Managing requires the understanding of specific skills such as “effective decision making, making successful people-decision, communicating with or without the organization, properly using controls and measurements, skills in budgeting and planning, and skill in using modern tools and concepts of information technology.” All decisions are risky. Every decision is a commitment of the current resources with unpredictable and unknown future. If the most insignificant detail is disregarded in the process, a decision will collapse just like a bad built building in an earthquake. On the other hand, if a decision is closely observed and all required steps are taken, the risk will be reduced and the decision will have a great chance of success. Good decisions makers recognize the appropriate time to make a decision. The hardest part of making decisions is choosing the right decision for the current problem. A right

As Vapur is not a leader in the industry, pricing its products lower than their direct competitors would attract more consumers. It is important for them to build up a large consumer base to gain a bigger market share through special-event pricing for an example. If Vapur uses the penetration pricing method, setting the product at a lower price than their competitors, consumers would be attracted to Vapur, thereby gaining market recognition and market share.

In beginning to develop pricing strategies, Bury must understand that the current market in which he operates is currently is projected to continue booming in the years ahead. This, along with Bury's monopolistic status in the market opens up the ability for significant growth and financial success should his company's pricing and non-pricing strategies be successful enough to entice the public into purchasing.