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Stong Management Advantages And Disadvantages

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Stong Management
Strong management can help Mars, Incorporated to manage well in the company, so the competitors of Mars, Incorporated will have a difficult time overcoming it. Mars, Incorporated is managed by a global management team led by Grant F. Reid. Grant F. Reid is the Office of the Present of Mars, Incorporated. The company has a strong management team to bring an abundance of experience to manage in its oversight of the day-to-day operations of the business across six business segments which including Drinks, Chocolate, Food, Symbioscience, Petcare and Wrigley. Mars, Incorporated has aligned its business structure with these business segments to continue to grow and improve in company performance.

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The firm’s ability to sell a good or service at a lower cost than its competitors or to generate a larger margin on sales is cost advantages. Mars, Incorporated is producing the products in a lower cost, therefore they are getting higher profits. Lower costs will reduce the market price of the products to encourage the consumers to purchase the products. Cost advantages are good for Mars, Incorporated to increase sales and maintain their position in the market. Cost advantages give an ability to generate greater value for the firm over its …show more content…

Weak customer service causes customers to flee to competitors, who are having better customer service and hurts the reputation of Mars, Incorporated. Customer service is important for a company to represent the company to response to the customers when customers are having any problems or questions. Besides that, customer service plays an important role in a firm to generate more income and revenue. Good customer service can change the entire perception of customers hold towards the firm. The quality of customer service of a company will affect the reputation of a company. In this sense, Mars, Incorporated may spend more money in training employees to improve their customer service

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