Reference no: EM13760643
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is "high enough" so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30. This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company. Write a three to four (3-4) page paper in which you:
1. Briefly describe the details of the fictitious business that you created for this assignment.
2. Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and management's decision to continue or discontinue operations. Provide a rationale for your determination.
3. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.
4. Recommend how the company can improve its profitability to deliver more value to its stakeholders. Then, develop a brief plan to implement the recommendations.
5. Assess the circumstances in which the company should discontinue operations and how management should react when confronted with these circumstances. Provide a rationale with your response.
6. Use at least three (3) high-quality academic resources in this assignment.
|
How sonnys blues should respond to grief
: What does it suggest about societal expectations regarding women and how Sonny's Blues should respond to grief? How might those expectations of grief still apply to women's roles?
|
|
Endocrine system disorders
: Is the obesity crisis hiding a bigger problem? video, and review any relevant Instructor Guidance.
|
|
Analyze how the different forces will come
: Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
|
|
Improve the coefficient of determination
: Interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business in your town or community. Explain any additional variables that may improve the coefficient of determination.
|
|
Evaluate the financial performance of the company
: Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
|
|
Degenerative diseases
: Explain the kinds of emotional and/or behavioral changes that might be expected. How might the various family members react to them.
|
|
Spot new products and services
: Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work?
|
|
Describe the business and explain the general pattern
: Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
|
|
Identify an entrepreneurial venture
: Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition?
|