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The importance of effective communication as a leader
Employee engagement literature review
The importance of effective communication as a leader
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Conclusions
Eshwar Dhap is a well experienced business woman who is well aware of both the pros and cons of the business. She has been in the same business for last 18 years. She managed to run her first business successfully with reasonable profit. Her success was based on number of factors involving good economy and less competition in the area.
Eshwar is well aware of her weak points, her lack of interest and her future prospects to survive in the business without making some major changes on many fronts are looking grim. However, she was not open to admit fearing this could undermine her authority in presence of other staff members.
Recommendations to Curls and Co:
Timing of moving Curls & Co’s business to the new location was a serious mistake. Eshwar should have looked at the business away from her past business location. It is not too late for her to be proactive and keep investigating for new opportunities. As and when recession improves she could make a fresh start.
Eshwar must seek new ways of promoting her present business, number of modern media tools are available such as building her own website as well as e-mail address dedicated for her business. Also website must have an order form for customers to order products without visiting the business or telephone to place manual order.
Be practical to compete against other competitor to stay one step ahead of them in prices, services, longer availability of opening hours and promotional products. In addition Eshwar should get customer satisfaction feedback with a view to make positive improvement.
In order for ‘Curls and Co’ to improve financially, I believe that Eshwar should analyse her sales and profits (accounts), If this is done on a regul...
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...y can see that Eshwar is capable of dealing with their requirements. Her personal involvement with regular customers has shown that she understands and knows what the regular customer wants. Customer satisfaction and improvement survey will help her to peg any week points.
Communication and customer relationship in any business is extremely vital as it reflects on the service quality. I feel that my interview with Eshwar went ok but not as I had planned. I personally feel Eshwar needs to improve her customer service skills, this is demonstrated by the interview I had with her, as she spoke unprofessionally where she showed no interest in her skills or in her attempt to make Curls & Co the best place to have a haircut. Overall she has a successful business within a limit. But thinking outside the box will do her no harm to improve her business and profitability.
Berghaus’ Case Study 1) Berghaus is very successful business having an annual growth rate of 25%. This indicates that there is an increasing demand for their products. They also have an export ratio of 50% meaning that their distribution rates are very good. Last year alone their per-tax profits were £750,000 and a large amount of this money can, most probably, will be reinvested into the company for further development.
One look at the common-size income statements for these companies can tell a story. While Jones Apparel Group was lagging at year ended 1998, even with a restructuring charge on Liz Claiborne’s income statement, 1999 was a different story. Huge growth at Jones lead to revenues double of that one year ago while Liz, while increasing, was quickly falling behind. The growth for both of these companies continued into the year ended 2000, but Jones Apparel Grou...
...o renegotiate credit agreements with banks. However, the liquidity was a result of structural changes and would not bring significant effect to the company because it is unusual and infrequent (the extraordinary credits of $15 million fall in this category also). The financial report must be consistent year-by-year. A company should do the same or similar activities, especially operating activities, to generate “money” every year and recognize “money” as its profit. However, this is not the case for Harnischfeger. We are doubtful that the company will perform well in the future. The company recorded modest profit this year because it reduced operating cost not because it increased operating revenue. Since Harnischfeger did not generate its profit by operating activity, it would be too risky to predict if its stock price will reach $6.00 per share in the 1986-87.
The objective of this report is to give an overall view on research and analysis to regards of two companies, Wm Morrison Supermarkets Plc and Tesco Plc that I have chosen for. In this report, I will be comparing two companies’ financial analysis based on their comprehensive income and balance sheet for one year; and also will be comparing their generating cash ability, cash management and financial adaptability based on statement of cash flows for the past two year and also determine whether the two companies have the ability to repay their debts to their creditors, generating into cash and going concern which related to finance.
The stereotypical image correlated to the account mirrors that of a public accountant. An individual working as a public accountant can expect to work as an independent third party to a multitude of companies. As this third party it is their duty to oversee financial transactions to ensure that the statements of not only the company, but also its’ supporting companies, correctly correspond and match up to the position, results and cash-flow of the clientele. This general quota outlining a public accountants job description is not the same for a private accountant. The main difference between a public and private accountant is that unlike the public and its handle on a multitude of accounts, a private accountant specializes with a certain company or field. With this specialization, a private accountant tackles setting up a system that records the transactions within the business. The recordation of the transactions is then generated into statem...
...ncreasing the capital So ( Falsely ) the books looked very good the business is ending up making money and again the trial balance and the account equation are correct
Management experience will also play a large role in the success of the forecast. The current team is quite new and will gain some needed experience over the next year in the hopes of staying on track for success. The ability of management to ensure product is readily available for the client, their training techniques with new and seasoned associates, and general management style will ensure success or spell defeat for the store.
The Body Shop International case is an interesting case study into the miscommunication of owners and stockholder interests with regard to financial conditions. Anita Roddick, the founder of The Body Shop had no financial experience and thought that all she needed to do was expand her business and the financing would take shape as she developed her business. While Anita’s product concept of a natural skin-care line was good; her lack of experience in financial matters took its toll on her business.
Workers have to understand that each customer is unique and therefore they must decide what the best approach to help that customer would be to accomplish full satisfaction from the product(s) customers purchase.
...ustomers, there are difficulties too, with the first being development of a customer satisfaction measure that has validity. Surveys on customer satisfaction are not reliable indicators of purchase intent or the probability of a repeat business. They are either poorly conceived or conducted, do not measure the right activity or fail to assess satisfaction or relative value many a time (Reichheld, 1996). Another drawback is that, if undertakings aimed at measuring satisfaction of customers overwhelm other indicators of strategic performance such as the ones concerning success of a new product or learning in an organization, the management will likely shift its focus to only the short-term, in turn discouraging risk-taking in the development of products and processes, only leading to incremental improvements as per (the) current products along with service activities.
He has a rich experience over 20 years in distributing Financial Services and consumer durables. He has joined Bajaj from American Express, were he worked in various positions in their personal loans and consumer card business for over 9 years. He deals with the unsecured business and personal loans of Bajaj Finserv Lending.
...es for more than 40 millions people in the poorest areas in India. They reflect the company’s value and raise the voice of the company in India.
message to your target customers, from the traditional, like advertising in magazines, newspapers and direct marketing but one of the newer methods of communication that has been developed is the internet. (Ebook) With the expansion and mounting usage by the search engines, many small businesses can now cost-effectively and successfully own and operate their own website, giving them unlimited exposure.
Wasserman, Michael. 15 Techniques When Dealing With Customers. My Success Company. 25 January 2005. .
The tellers, staff and managers are well trained, friendly and reliable, many of which have worked for the company for many years and have developed relationships with their customers. These relationships allow them to provide reliable customers with certain products on request such as magazines, pasta sauces, certain fruits and vegetables and selected cuts of meat etc.