Reference no: EM133333417

Assignment:

I have to do GLO-BUS reflection due. I have to write the "Lessons Learned" section. The question is: "What managers should or shouldn't do for a company to be financially and competitively successful on a battlefield against well-managed rival companies in the industry?"

Here's a bulleted list of what I have so far can you please write paragraphs based on these bullet points

• Having a strategy for every year is important
• Studying your closest competition
• Out-compete your closest competitors
• Don't put all your eggs in one basket as far as ending cash goes
• If you increase one component within your company make sure you decrease another component
• Compensating employees is beneficial to the company by lowering production costs
• Our group learned about how to run a business in real-time
• Learned that every decision whether big or small impact the company in a huge way
• Teamwork is vital and communication is key
• Image rating is important because it plays a role in whether you have a good position in the market or not
• Meeting the company's demand is also important; companies must do whatever they can manage to do feasibly and efficiently to meet existing demand, so long as it increases profitability
• PQ Rating and price impact image rating because it influences customer demand
• Should've started investing little by little annually for dividends or repurchasing stock