"Top Management Concerns" Please respond to the following:

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business productivity and cost reduction were the top concerns by a wide margin among the top five (5) management concerns. Give your opinion on whether or not you agree with this assertion. Justify your response

Oct 16th, 2015

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The 21st business environment is very competitive with key players such that firms are concerned on how to make their operations competitive enough. One of the areas which firms have found to be a source of higher competitive advantage is cost reduction. It goes without saying that the firm which would be able to produce its commodities at the lowest cost will be able to have a higher competitive edge in the given industry. Thus, the cost obsession of firms today makes this as one of the issue of top concerns to firms.

On the other hand, business productivity is an issue of concern to firms due to the issue of globalization. With the world becoming a global village, the level of demand for any given firm which has gone global or whose products can be viewed globally has gone up. This made firms be on the run on how to fulfill the rising demand, thus making business productivity an issue of great concern top managements. 

 

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Oct 16th, 2015

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Oct 16th, 2015
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