Bose Destep

This recession in the U. S. did not only affect the U. S. but made a global impact. During this recession many companies filed for bankruptcy and therefore had to lay off their employees. In other words, there was a major increase of unemployment rate. In the U. S. he unemployment rate jumped from 4. 6% in 2007 to 9. 0% in 2011. Besides the unemployment rate, the salary income is also an important demographic factor. The recession causes the salary income to shrink. All the above indicates that we’re going through hard times right now. This means that we, the people, are not easily going to give out money. Economic factors As stated above by the demographic factors, we are in a global recession. The extent of this global recession differs throughout the world. It’s logical that in these times there is an increase in the interest rates. This means that loan applications are being granted less often. Another economic factor that should be noted is the tax rates. These 2 before mentioned rates has a major influence on the spending characteristics of consumers. Social / cultural factors Branding plays an important role in the success of a business. During hard times, branding plays even a bigger role than before. The fact that consumers are more hesitant to spend their money means that they’re not only looking at the functions of products/services but it’s now more important than ever to have a sense of involvement/belonging with this brand. With this being said, people are looking for the â€Å"extra value† of a brand. Their asking themselves; â€Å"If I ought to buy this brand and the functions are there, what else does this mean for me? What is the extra value? †. Technological factors Technology plays a big role when manufacturing a product. Are there new aterials that can bring the manufacturing cost down? Are there new ways of increasing the clarity of the sound that is coming out the speaker? The progress of technology is always increasing and businesses can use these technologies to improve their products services. Wireless systems are a good example of the progress of technology. You can also think about applications, they’re continuously playing a more important role in the daily lives of us. Applications can be used for numerous things such as controlling a product or online banking. Ecological factors Environmental issues are being taken more seriously than before. We feel the need to contribute to the well being improving of the environment however we can. More businesses are â€Å"going green† meaning they’re taking environmental issues into consideration when manufacturing products or creating services. This is also playing a more important role each day. â€Å"Going green† can also act as an â€Å"extra value† that consumers are paying more attention to. Political factors Political factors are not applicable. Figures / charts for audio speakers market Bose Destep This recession in the U. S. did not only affect the U. S. but made a global impact. During this recession many companies filed for bankruptcy and therefore had to lay off their employees. In other words, there was a major increase of unemployment rate. In the U. S. he unemployment rate jumped from 4. 6% in 2007 to 9. 0% in 2011. Besides the unemployment rate, the salary income is also an important demographic factor. The recession causes the salary income to shrink. All the above indicates that we’re going through hard times right now. This means that we, the people, are not easily going to give out money. Economic factors As stated above by the demographic factors, we are in a global recession. The extent of this global recession differs throughout the world. It’s logical that in these times there is an increase in the interest rates. This means that loan applications are being granted less often. Another economic factor that should be noted is the tax rates. These 2 before mentioned rates has a major influence on the spending characteristics of consumers. Social / cultural factors Branding plays an important role in the success of a business. During hard times, branding plays even a bigger role than before. The fact that consumers are more hesitant to spend their money means that they’re not only looking at the functions of products/services but it’s now more important than ever to have a sense of involvement/belonging with this brand. With this being said, people are looking for the â€Å"extra value† of a brand. Their asking themselves; â€Å"If I ought to buy this brand and the functions are there, what else does this mean for me? What is the extra value? †. Technological factors Technology plays a big role when manufacturing a product. Are there new aterials that can bring the manufacturing cost down? Are there new ways of increasing the clarity of the sound that is coming out the speaker? The progress of technology is always increasing and businesses can use these technologies to improve their products services. Wireless systems are a good example of the progress of technology. You can also think about applications, they’re continuously playing a more important role in the daily lives of us. Applications can be used for numerous things such as controlling a product or online banking. Ecological factors Environmental issues are being taken more seriously than before. We feel the need to contribute to the well being improving of the environment however we can. More businesses are â€Å"going green† meaning they’re taking environmental issues into consideration when manufacturing products or creating services. This is also playing a more important role each day. â€Å"Going green† can also act as an â€Å"extra value† that consumers are paying more attention to. Political factors Political factors are not applicable. Figures / charts for audio speakers market

Wannaburger Restaurant Assignment Example | Topics and Well Written Essays - 1500 words

Wannaburger Restaurant - Assignment Example This ensures the business can make the appropriate changes in ensuring they reach at the forecasted results. However, neglecting the measurement of all the objectives will not likely give the required performance. For example, when a business wants to improve in its sales, it should give a measurement on the planned improvement (International Institute of Business Analysis, 2005). Leaving out this particular aspect does not give an approach that will be instrumental in the improvement. Therefore, there is a need to look at measurable objectives before stating an approach in solving the incumbent issues. In this case, Wannaburger restaurant wants to make an improvement in its performance since the situation is not appealing. Therefore, it has to make succinct approaches in ensuring it has achieved what it wants both in the long term and in the short term. This is an approach that will guarantee better performance in terms of offering its services and products to the market in need. Th erefore, the business has to put its focus on the best approach that will increase its performance (Palepu and Healy, 2007). For example, the business has to make use of a better marketing mix that will attract a larger part of the market in demand for its products and services. Attracting a larger part of the market guarantees that the business will have an increase in the turnover. This means that their products will be highly demanded by the market (Hay, 2003). This will directly reflect an influx in the revenue of the business as it will garner more sales. This will in the end give a positive result on the profitability of the business. First of all, the business has to look for ways of enhancing its product. Most of the people in the market only appreciate the product and services that are offered. The market does not look for other aspects that are involved in the business and this could affect the business. For example, when a market is attracted to the quality of a product o r a service, they will continue using the product or service due to its quality. When the quality of the product or good is enhanced, the product or service will attract an even larger market. Therefore, enhancing their product is one of the aspects that should be considered. For example, when the quality of a product deteriorates, the market is likely to look for alternative products that have more quality (International Institute of Business Analysis, 2005). As such, the business is likely to loose a number of its esteemed customers due to deteriorating quality of products. Therefore, if the business wants to give a positive performance in the market, it should look forward into improving its products and services that are offered to the market. This will attract an even larger market in need of its products and services. In addition to this, the business should look at its competitors. When competitors are making an improvement in their businesses, other businesses have to take t he same route. This is due to the attraction the business poses to the market. With improved service and product delivery, the business is likely to attract a larger part of the market. The second aspect that should be considered in plotting a solution inn this scenario is the bordering market. At times, market expansion improves the performance of the business. For example, the business is likely to record an increase in the number of people that are allied to the services and products that are sold by the business (International Institute of Business Analysis, 2005). Therefore, this is a considerable approach that should be taken by Wannaburger restaurant. Apparently, an approach that would be used in this aspect is enhancing the market that borders the

Lending Decision Case Study Example | Topics and Well Written Essays - 500 words

Lending Decision - Case Study Example It has tremendous staying power. But it is time to change. It has to take a good look at how others in the same field are doing business and catch up with them. There is nothing wrong in the figures. The figures are only representative of the facts. Past performance of Coles is not going to help its future prospects unless the causes of the dismal figures are rectified. The company's accounts department is doing its job well. Problem is somewhere in the communications system and customer relations policies. Not enough seems to be happening to attract better customer base. Painting rosy pictures year after year cannot be a solution. The company must look lean and handsome in the sight of its patrons. Good advertisements, sponsorship of popular events, forays into new areas of business or expansion of good, existing ones must seen to be happening every now and then to build customers and investors confidence. Make a list of large potential customers like hotels, restaurants and other eating joints. Marketing strategies must go hand in hand with understanding and catering to the needs of individual as well as corporate clients. Concentrate on products that yield better profit margin location-wise. Product A may rake in higher profit margin in one location, whereas Product B may show similar margin in another location.