What are the company''s most vulnerable areas

Assignment Help Operation Management

Reference no: EM13752598

Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. You have been asked by your manager of the Money Cares Investment Corporation, to outline problematic or risk areas in the company's financial procedures. Upon reviewing the budget, you notice that there is overspending in marketing supplies, transportation, and workshop items that include hospitality items such as food and drink for the customers. Each investment specialist is given a company credit card for the above expenses but there are no policies established for monitoring. Money Cares is a small business of 8 employees: CEO, Financier, a manager, 3 investment specialists, and 2 clerical assistants.

For this assignment you must identify possible risks for the Money Cares Investment Corporation. In establishing an investment company, you must answer the following

•What could go wrong? ?Identify at least 3 possible risks.
•What must happen in order for the company to succeed?
•What are the company's most vulnerable areas?
•Identify the company's assets
•Where is the most money spent?
•How should the budget activities be regulated?

Reference no: EM13752598

Questions Cloud

Personal level of intercultural communication competence : Critically examine your personal level of intercultural communication competence. Is it important for you to achieve a certain level of intercultural communication competence

Describe your recommended organizational structure : Describe your recommended organizational structure. Explain your plan to measure the success of your strategic plan.

What influence will it have on the location decision of firm : There is some evidence that people have become more sensitive to air pollution. In other words, people are willing to pay more for clean air. If this is true, what influence will it have on the location decision of firms?

Describe the case situation and structure of organization : The case study presented in Case is about the South Australian Water company trying to align information technology in a publically owned organization. Describe the case situation and structure of the organization

What are the company''s most vulnerable areas : What must happen in order for the company to succeed. What are the company's most vulnerable areas

What number of workers appears to be most efficient : What number of workers appears to be most efficient in terms of pizza product per worker - What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?

Create a powerpoint of the important events of the civil war : Create a PowerPoint of the important events of the Civil War. Your slides should included thorough explanations of the events/battles and at least 10 photographs or graphics that represent what you are explaining in the slides.

Moral dilemma identify the competing rights : 1. Describe the moral dilemma identify the competing rights and how these make it a moral dilemma (1/2 page) 2. Describe the model, from this week's reading, you will use to make a decision and why you selected it (1/4 page)

How can a manager prepare for changing conditions : How can a manager prepare for changing conditions using sensitivity analysis and b. What is meant by sensitivity analysis

User Account

All Pages