StudentShare solutions
Triangle menu

Introduction to Management -- Economics, Finance and Management - Assignment Example

Nobody downloaded yet

Extract of sample
Introduction to Management -- Economics, Finance and Management

     Stakeholders are the group of people or organization that can affect or can be affected by the activities of another group of people or organization. “Stakeholders in a company may include shareholders, directors, management, suppliers, government, employees, and the community.” (Investopedia). The two most influential stakeholders of HBT are the suppliers (North Devon Clays Ltd) and Richard Slade (the chief Executive of the company). The conflict that can occur between these two parties is that the supplier may ask for increased price for the white clay supplied to HBT Ltd whilst the director may want to give reduced price so that he can improve the profits and the overall position of the company. Stakeholder analysis is usually done through stakeholder mapping technique and the most influential stakeholder is kept satisfied accordingly. (Stakeholder Mapping, 2010)
Profit maximizing is the technique of making highest possible profits that can increase the value of the owners of that company, such high profits are then given back to the owners in the form of dividends. Profit satisficing on the other hand is to make enough profits to keep the owners of a particular company comfortable. Both of these techniques have different aims, usually the satisficing technique aims for long term prospects for the company while profit maximizing technique looks at the short term aspect. “A satisficing objective is to maximize the probabilities to attain some required target performance levels”. (Shi et al, 2007)
HBT Ltd seems to be a profits satisficer because of its director’s long term vision for the company, the company seems to be focusing on certain cost reduction targets. This can help the company to focus on the intensified competition in the ceramic tile industry. Besides this factor, ambitious plans are made within the company so as to increase the company’s market share to 20% in 2012 as compared to its current 6% ...Show more

Summary

The product offered by HBT Ltd is ceramic tile and the service that it offers is the assisting feature that it provides to its corporate clients only. The ceramic tiles produced by the company are deemed to be of the best possible quality and the aim of the company is to fulfill…
Author : antoinettekilba
Introduction to Management -- Economics, Finance and Management essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Introduction to Management -- Economics, Finance and Management"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Finance management for business
Corporate finance is a division which looks after the financial activities of an organisation. It is determined for maximising the shareholder’s value by means of short term or long term financial planning followed by the implementation of effective strategies.
8 pages (2000 words) Assignment
Public Finance Economics
The manager is the focus of attention. Today most firms engaged in international business not only need to be aware of environmental issues but, must also have in place a strategy to deal with environmental regulations. This requires that managers understand the political and legal process by which environmental regulations are drawn up and implemented, as well as the frequent interactive lobbying process between business, governments, bureaucracies, and environmental non-governmental organizations (ENGOs).
10 pages (2500 words) Assignment
Introduction to Management -- Economics, Finance and Management
Though this may not be the service which firm directly provides however, it offers this service to its clients in order to fulfill their requirements and creating an opportunity
4 pages (1000 words) Assignment
Introduction to Accounting and finance -- Economics, Finance and Management
Furthermore, overdraft expense is charged on the additional borrowings. In addition to this, there is a significant increase in the amount of overdraft taken in the month of July, resulting from the bulk purchases made in June. When bulk purchases
4 pages (1000 words) Assignment
Introduction to Accounting and finance -- Economics, Finance and Management
The 8% interest on overdraft payable every year is a concern which should not be ignored while considering this option. 2. Barring the rent expenses, the company incurs expenses on a monthly basis consistently. However, the sales for such expenses
4 pages (1000 words) Assignment
Introduction to Accounting and finance -- Economics, Finance and Management
It could have minimized the cash effect of outflow by maximization of sales. (2) The option of raw material purchase should be chosen from a
4 pages (1000 words) Assignment
Introduction to Accounting and finance -- Economics, Finance and Management
There are many assumptions used while forecasting the cash flow position for Hide to Seek Ltd, the company has assumed its purchases, wages, interest on long term loan, heating and general expenses to remain constant throughout the 6 month period, while
4 pages (1000 words) Assignment
Introduction to Accounting and finance -- Economics, Finance and Management
Bulk purchasing with just one month credit facility are bound to put pressure on the already precarious liquidity position of the company. Liquidity is required for meeting regular
4 pages (1000 words) Assignment
Management economics
Since cheaper products are worse products, that means they want to charge more for less. And they want to externalize as much of their production onto third parties. That means they want to pollute more, dont want to spend on
6 pages (1500 words) Assignment
Risk management and international finance
Additionally, the report will include the calculation of value at risk (VaR) credit measures. This determination will employ the use of model based simulations. The changes in credit risks risk of banks and
6 pages (1500 words) Assignment
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment