Monday, February 24, 2020

Management 2 (protective security) Essay Example | Topics and Well Written Essays - 3000 words

Management 2 (protective security) - Essay Example Efficiency has been defined as measure of productivity or operational excellence concerned with operational margins improvement and cost minimization. Effectiveness on the other hand is associated with the business’s ability to identify and embrace opportunities of business via exchange relationships. As a result effectiveness is concerned with a company’s plan to develop a growth that is sustainable within its market (Stefanos, 2007). My organization has invested heavily and made tremendous efforts in balancing these two critical aspects of operations management all in an effort to increase the market share and maintain competitive advantage. The objectives of my organization are essentially to increase the market share and decrease the overall costs of running the organization. The target is to increase our market share from the current 15% to 20% within a period of two years. Another target is to introduce certain changes within the organization such that the overall costs would reduce by 5% within a period of one year. These changes include reducing field managers by 50% and employ more Close protection officers with advanced qualification. The organization had an objective of increasing its market share. The company embarked on a market wide research effort to identify client needs that were not being met. The organization realized that many business entities with huge capital bases required specialized protection service from the protective security firms. This service required CPO’s with a special kind of skill set which many security companies lacked. This created a need for the company to hire more CPO’s with the necessary skill set resulting in increased operational cost. After a thorough cost and benefits analysis, the company decided it would be more profitable to hire five specialized CPO’s to meet this need while at

Saturday, February 8, 2020

Factors Influencing Consumer Behaviour from the Indian Firms Essay

Factors Influencing Consumer Behaviour from the Indian Firms Perspective - Essay Example It is evidently clear from the discussion that consumer behavior processes start  in the mind of the consumer when he/she tries to look for alternatives that suit  his/her needs, in addition to, to the consideration of other relative advantages of a product or service such as cost savings and superior quality. The process goes to the next stage that involves internal and external research concerning a product or service to be purchased. That notwithstanding, there is the post-purchase stage, which is critical since it is the one that determines whether or not the consumers were satisfied, and thus, largely influences their future behavior to consume or not to consume a product or service. Businesses tend to focus more on the post-purchase stage as it determines whether their products have been successful or not. Essentially, it is at this phase that the performance of a good or service is ascertained. In some instances, the people who make purchases are not the actual consumers o f the products; thus, advertisers need to understand the roles of users in order to efficiently place their advertisements in a formidable manner to attract consumers. India is a demographically vast country with a rich cultural diversity. The Hindu culture is, however, segmented based on the geographical dispersion of the nation. For instance, the cultural practices in Northern India are not similar to those in Southern or Western India. Culture is a complex term, which encompasses tradition, cultural beliefs, morals, as well as general knowledge of a particular society. It is the culture that identifies or distinguishes people from different backgrounds since they will have various thoughts and beliefs concerning contemporary issues.