Process of merchants Essay Example | Topics and Well Written Essays - 750 words

Process of merchants - Essay Example The said process can be considered as the onset of the different processes that are needed to be undertaken which require a synergy of planning and strict decision making since critical assessment is required to determine what types of products can target the needs of the clients (Cant, Strydom, Jooste and du Plessis 128). The identification of the clientele for the particular upcoming season can be considered as a crucial step in the process. Initially, specific type of consumers is identified and the stability of the said market to support continued manufacturing and production is established. An addition important characteristic of the said market is economic accessibility which is related to more profitability in terms of less expenses and costs on higher benefits (Cant, Strydom, Jooste and du Plessis 128). There are different criteria that can assess the right choice in merchants. One is the size and growth capability of the market that can ensure use up of the supplies that can be produced and the expansion of the business undertaken. The potential profitability which is related to the long-term capability of the business to prosper is another important factor. The determination of the capability of the business to achieve the set goals is also another important factor (Cant, Strydom, Jooste and du Plessis 129). Basically in the determination and classification of the profitable line and market in the merchant process can only effective if it is compatible to the type of services that can be offered. Thus, the process of classification choice of a merchant can also include the assessment of the point where the needs of the market and the capability of the company can meet. Through this, the profitability can be optimized. To be able to have the maximum benefits in the market, the process of forecasting or determination of the products that can have the high demands can be considered as another fundamental phase.

Importance of Orgazined Management Essay Example | Topics and Well Written Essays - 2000 words

Importance of Orgazined Management - Essay Example In addition, every organization depends on group effort. Joint efforts and group action have become essential in every aspect of life. Therefore, management is necessary wherever two or more individuals work together to accomplish common goals. The achievement in group efforts is dependent on mutual cooperation among people in a group. Management establishes coordination and teamwork among specialized efforts. Management is crucial in all organizations whether a club, business firm, a college, a government, or a business firm. Management is a resourceful tool which plays a part in the optimum use of resources. Organized managerial leadership alone can transform the chaotic resources of machinery, men, materials, and money into an industrious enterprise. An organization is simply a collection of machinery, men, materials, and money in the absence of management. In addition, management is required to organize, plan, control, and direct group efforts. Also, management offers motivation and leadership to people. As an inventive force, management performs an identical function in an organization like a brain does in the body of a human being. It is the primary coordinating mechanism that underlies organized venture. The significance of management has augmented enormously in recent years because of the increase in the complexity and size of the organizations, growing responsibilities and turbulent environment of business. All in all, an organized management will play a significant part in minimizing costs and maximizing output. An organized management maintains a vibrant equilibrium between an organization and its ever changing environment. Management is responsible for the formation, endurance, and expansion of organizations. This means that there is the constant need for management in any organization (Holtzman, Puerta & Lazarus, 2011). This paper will look at the importance of organized management. The paper will achieve this by examining the different levels of m anagement, roles of management, and the significance of organized management. Many organizations are made up of three levels of management: top-level management, middle-level management, and first-level management. The managers are organized in a chain of command of authority, and engage in a number of tasks. In numerous organizations, the number of managers in each level is similar to a pyramid. The top-level management is made up of chief executive officers, board of directors, president, vice-president, and other members of the C-level executives. These people are responsible for overseeing and controlling the whole organization. This level of management is responsible for setting a tone at the top and establishes strategic plans, policies of the organization, and reach decisions on the direction of the organization. Additionally, top-level managers play an essential part in the mobilization of external resources and are answerable to the general public and shareholders. The boar d of directors is characteristically primarily made up of non-executives which owe a fiduciary responsibility to stakeholders and are not directly engaged in the daily functions of the organization, even though this is different based on the culture, form, and size of the organization (Martindale, 2011). Also, these directors are tentatively answerable for violations of that duty and normally insured under directors and officers liability insurance. In addition, the board