Saturday, February 15, 2020

Relations Of Marketing With My Major Essay Example | Topics and Well Written Essays - 500 words

Relations Of Marketing With My Major - Essay Example Management  on the other hand is the act of using available resources well in organizing people with an aim of achieving set goals and objectives. Management involves planning, controlling, decision-making, leadership, and coordination. Management involves company managers and all employees of a company. Marketing relates with my management in many ways aimed at promoting business operations. Management is one of the determinants of marketing. Actually, the management makes marketing decisions while the employees and staff implements the decisions. The management decides what the company will produce, how much will be sold, the selling price, marketing methods, and the staff to carry out marketing. The management organizes the whole organization and the marketing staff. Indeed, the management gives marketing duties and shows how they will take place. In addition, the management trains the marketing team on the marketing strategies to use and the marketing language to use. The manag ement plays a very important role in establishing a good marketing environment. The mode of association between the marketers and the customers originates from the management. The management forms the basis of any marketing strategy that the employees use in selling the company’s products and services. A good marketing strategy encourages the participation of the management and the employees. Indeed, the management coordinates all marketing activities between the company and the customers. The management achieves this by allocating time, locations, and availing materials necessary for marketing operations. The management is also involved in planning all operations of an organization including the marketing operations where the managers are the leaders of such activities. The management not only recruits the marketing team, but also determines the remuneration of the marketing team. In addition, to determine

Sunday, February 2, 2020

Assignment Essay Example | Topics and Well Written Essays - 1750 words - 9

Assignment - Essay Example For running a nursing home, a unit can be treated as cost of a bed, payment to employees and other such services. Therefore, operating expenses include: â€Å"Lean Cost Management is another approach to financial measurement that makes waste and the costs it creates visible, and hence actionable, wherever and whenever it occurs in an organization† (Hobbs, 2011). Following this approach, a business can very well eliminate excessive transaction costs, re-ordering costs; minimize inventories and all other unnecessary costs involved. The lean cost management technique brings into notice all excessive costs and helps the business to reduce it accordingly. It foregrounds the required agility with which the level of production can be increased as well as the cost that can be reduced without hampering quality of products. Its aim is to reduce seven forms of wastages in manufacturing made by any business, like, unsold inventory, which is considered as overproduction as per this method. Lean costing technique is a perfect example of costing in an agile environment. There are various expenses that are incurred by a business. These overheads expenses can be effortlessly allocated by using lean cost management and operating costing technique. Based on these techniques, expenses for each overhead incurred by a business can be noticed more prominently and allocation of funds can be done in an effective and methodological manner. These cost management techniques allow a business to forecast the cost and lessen it as per necessity. Therefore, the technique that Hugh Knock had decided for Pedro’s business was rightly the operating costing and lean cost management method (Gupta, 2009). According to Knock, this method will help Pedro to find out the unnecessary unit cost involved in his future business and curb it accordingly. Hugh also stated the necessity of bigger business to allocate the cost per unit of their service. He made the statement