Pel Strengths And Weaknesses

If the operation have not reordered all the goods they need, this can lead to irritated customers and lower revenue for the operation.

The three scenarios illustrated above clearly shows that the investment in the new machine creates greater value to the company, unless there should be some unexpected turnout in sales. By acquiring the Vulcan Mold-Maker machine Fonderia di Torino S.p.A will be able to replace labor intensive required semi-automated machines with automated machines, thus reducing medical claims. The company will also benefit from higher levels of product quality and lower scrap rates. Labor costs will be reduced by almost 298,334.4

Strength is that part of your intellect or nervous system that is more effective and productive than other parts. Throughout your experience of life, your actions or reactions drive different thoughts, behavior and emotion in your brain. The requests that are processed more efficiently and rapidly are known as your strengths. Nowadays, strengths-based approaches to work and life are gaining a lot of popularity and often they are used to improve leadership and create more productive and efficient work teams.

Prices of the different products and services of the organization should be market specific. The economic capability and disposable income of clients should be put into consideration in setting prices for the products and services offered by the organization. By matching prices with the economic capability of a people, it would be much easier to for customers to access the products and services without straining or having to compromise and going for other products of lower quality (Donna, 2012).

This past month I have had both my ups and downs. Some of my strengths include interdental cleaning using floss, TePe easy stick, wood stick and pikster stick in a fashion that was both appropriate and effective. My ability to grasp the concept of using sonic/oscillating electric toothbrush was something that I thought that went well for me this month. Also, I have finally gained the ability to hold the periodontal probe with good balance, something that went really well for me, as I was able to hold it without any shaky movements in which it could hurt the patient.

This causes more trade debt, which means a higher the tax penalty. Furthermore, age of payables has increased from 98 to 154 days, nearly tripling over the last four years. This is damaging to the image and trustworthiness of the company, even causing issues from the bank trusting them with grant of loan. Having a large amount of inventory can conclude additional problem involving cost of capital, maintenance cost, aging inventory and the cost of space or storage. This therefore proves the poor management skills that are required to operate a booming and profitable business.

Uphold needs and purchases with a difference in values that are more accounted for as a method of buying. Advance through recognized stages and be prevalent to accept deals connecting you to a proper scenario.

The cost of doing business as a department store is very high because of high rent, salaries to staff and to spend money on multiple goods that they supply.

With the long-term goal of becoming a transformational leader, it is often useful to consider one's strengths and weak nesses across four dimensions. These include personal and professional accountability, career planning, personal journey disciplines and reflect practice reference behaviors and tenets. The intent of this analysis is to evaluate my strengths and weaknesses in each of these four areas. In addition, a discussion will be completed on how current leadership skill sets will be used for advocating change in my workplace. The conclusion of the paper will concentrate on one personal goal for leadership growth, including an implementation plan leading to its fulfillment.

The strengths and weaknesses of a committed actor can be paradoxical. For this area I chose to consult with an acting colleague of 17 years. I thought it was necessary to have an objective perspective to honestly describe what has been observed from someone that knows me, personally. The following paragraph from a close friend and veteran actor explains this quandary in her description of me.

My current strengths include; my honesty and passion towards my work. I have always been positive and confident regarding my aims and targets. Along with these, I am a good decision maker, due to which I can make right and quick decisions. Moreover, I have ability to motivate others and do team work. I am also a responsible person, when I make a target; I work day and night to achieve my goal.

Today’s highly competitive business world forces companies to create different tactics and relatively rely on multiple pricing strategies to conduct business.

Another challenge is that despite the ability to manufacture products cheaper in China, there is a flip side to this situation and that is that sometimes, that “made in America” sign on the back of a product could mean more than the few dollars more it costs to buy that product. Some Americans, in their spirit of patriotism, care more about supporting the American economy than saving a little bit here and there buying products that were manufactured outside of the United States. Balancing the stigma sometimes associated with making a product in a foreign country with the lower costs that usually comes along with that is important in doing business in China as well.

When the business has more work than it can handle is another warning of the enterprise not doing well. A lack of liquidity can also be a cause of business failure. Liquidity is the speed at which an asset can be converted into cash and if the company does not have enough liquid cash at its disposal, it can lead to their downfall. A new business venture that provides products or services at the cheapest price in a desperate quest for making sales is also a sign of struggle.

My dad has a textile business, involved in embroidery and painting of the fabric. I have been visiting my dad’s office complex and observing the whole process of clothes manufacture. The most important asset for the business is a large machine required for whole painting process. The existing machine with the business is in use from past 4 years and has to be discarded due to some operational issues. As a student of finance, I will analyze the option of replacing this machine with a new one. In analyzing various options from where to purchase the machine, I searched for various dealers, and compared the products with the prices they offered. I narrowed down the choice to one machine provided by Stihl Machinery Co., Ltd. But then dad’s financial manager, Mr. David Jones, asked me to reconsider the option. He suggested that the existing machine can still run for another 5 years and the new machine is also expected to work for just five years. Also, the price of the new machine is quite high so it is better to continue using the same old machine. On this argument, I decided to do a detailed analysis of the option to replace the old machine. Only after the financial analysis, I will decide and suggest whether to buy the new machine or not.