CRJ 565 AL 6 Essay Example | Topics and Well Written Essays - 750 words

CRJ 565 AL 6 - Essay ExampleManagement allocates resources that are required to develop naked as a jaybird products, and therefore it is important for it to be (DuBrin, pp.1-10).The assimilators recommend that the management of Rapid Cash Store should review its business activities. In the recommendation, the student proposes that the store should diversify its operations and move away from the business of lending money. He cites the previous financial performance of the company indicates that the store is on the limit of collapsing. Although the students suggestion is a noble idea, the last can be made as a last resort. In a grocery where retailers are making a kill by offering discounts, all Sam has to do it to provide competitive interest rates. Sam has to reconsider the decision of offering high-interest rates. All he has to do is to reduce the interest rates and monitor the effect to the performance of the store (DuBrin, pp.330-340).The third students provide an interestin g parole on the importance of having strategic plans. The students suggest that Manchester Foods should have a clear mission and vision on what they intend to achieve in terms of naked as a jaybird product development. Equally, like the first student Kim has a very noble idea. For any project to succeed, proper planning has to be made. Resources are in nature, and, therefore, subdue mechanism has to be laid on how to utilize them and attain the desired results. Furthermore, the students encourage the firm to acquire other subsidiary businesses that are in the equivalent industry but offer different products. In doing so, Manchester Foods could have succeeded in developing new products. In addition, the student proposes that the Manchester Foods should conduct a market enquiry before developing a new product. A market will help the firm to establish the needs of customers so that they can be into the new product. Lastly, Riggans