demonstrate an understanding of management and leadership.

Purpose 

In this project, you will demonstrate an understanding of management and leadership. You will be exposed to various leadership skills and styles.  After reading the project’s case scenario, you will apply what has been learned to make recommendations for a new position at Tasty Products.  Keep in mind that this project is a research project and not an essay. The student is expected to make significant use of course materials.  

Your completed project will be 5-6 pages in length, excluding its title and reference page.

Outcome Met by Completing This Assignment

  • demonstrate leadership skills by communicating a shared vision, motivating and empowering others, and creating a culture of ethical decision-making and innovation

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double-spaced using 12-point font.

Create an APA compliant title page to include: project title, date, course number, section numbers, student’s name, and instructor’s name.

Scenario

Tasty Products, a billion-dollar multinational company, has for more than 25 years has developed, produced, and distributed organic food products to major retailers (e.g., Whole Foods; Costco, Safeway) throughout the United States. These products are noted for their salutatory effects, including stable blood glucose levels. Tasty Products has recently decided to launch a new line of products.

It will develop, produce, and distribute all-naturally flavored protein bars to its new and existing clients. This new line of all-naturally flavored protein bars will necessitate the establishment of a new division to develop, produce, market, and distribute the product. A new Executive Vice President will need to be selected to establish and lead the new division.

Your company, Wiz Consultants, has been retained to help Tasty Products’ Human Resources Director make the final selection from the candidates she has previously interviewed and narrowed to three (3) possibilities. She has prepared a detailed written profile for each candidate.

Tasty Products’ Human Resources Director has explained to you that she has been directed to find the best person to establish and run the new division. The Human Resources Director further explained that the protein bar industry consists of many well-established companies. Accordingly, the ideal candidate will need to be able to learn quickly and be able to handle a number of complex leadership and management tasks.

These complex management and leadership tasks include the following: developing innovative strategy, creating well-made products, effective product marketing, developing and managing the processes and procedures for employees to follow, and creating and articulating a clear vision for the new division. Strong leadership will be the key to the all-naturally flavored energy bars’ success.

The Executive VP will be the face of Tasty Products’ new brand to existing and prospective clients (e.g., Whole Foods, Safeway, Costco, and the like). A key to success with existing clients and prospective clients will be the ability to communicate to them “What makes Tasty Products naturally flavored protein bars special.” The new Executive VP must be viewed as a person of integrity and an innovative problem solver.

The Executive VP  must be seen by current employees and newly hired employees and their managers, who will all work in the new division, as a leader who understands and supports the culture, values, and traditions of Tasty Products. In a short period of time, Tasty Products’ leadership expects the new Executive VP to have met the leadership and management expectations discussed above and have the new division running efficiently and productively.

In summary, Tasty Products’ desire is that the new Executive VP for the Energy Bars Division will have the array of excellent management and leadership skills necessary to lead the new division.

Your specific role is to analyze the candidate profiles that follow and answer the specific questions (as identified below the last candidate profiles) you have been asked by the company’s management.

Candidate Profiles

T.J. Max

TJ has spent the past 13 years working for Star Lite Foods, a mid-sized, $220 million in annual sales, vegetarian food distribution company, headquarter, and operating its largest facility in Arizona.  She started with the company working on the production line that selected the vegetables suitable for distribution throughout the western section of the United States.  For the next 4 years, she worked in a variety of management jobs overseeing production.

TJ then worked for 7 years as a Regional Manager in Idaho responsible for increasing the production of vegetables on farms that Star Lite used as sources for vegetables needed for their own vegetable production. During her run as a Regional Manager, she was responsible for making visits to farms to help each farm in the Safe Lite network develop a business plan.  The focus of these business plans was to help each farm develop a vision, mission, and general operations plan to help ensure production was stable.

TJ credits her success in that role to her ability to get local farmers to work together, as opposed to independently.  She created a program, Community Communications, to keep farmers up to date on farm news affecting the region and to encourage the building of cooperative relationships. TJ’s staff set up a blog and website and expanded social media channels to supplement her Community Communication initiative. These enhancements enabled the latest up-to-date sources of information for farming-related issues and encouraged the cooperative development of strategic goals and plans.

TJ was promoted and has served for the past 3 years as Star Lite Foods Vice President of New Product Design and Marketing Department. She proposed focusing on making quality products that can be sourced from local vendors.  She stated that once established, the company could initiate a move to being more environmentally and attentive to the well-being of consumers.  TJ has long advocated for natural products, whenever possible and the need for more nutritious and healthy food lines. Management sees TJ as clever and creative.

TJ proudly stated that she likes to surround herself with good people. TJ indicated she likes to delegate because she feels her team of workers needs the freedom to make decisions.  She feels people produce more and like work better without strict guidance. She is hands-off. TJ boasted that the team was instrumental in helping Star Lite obtain a double-digit increase in market share.

TJ is well-liked by her employees. She communicates what is important and has a good sense of timing.   They, at times, describe her as distant but when they seek her judgment or she offers an opinion, they respect it.  TJ is very open to conversations with others and is known to be truthful and subtle.  She often indicates she’d like to think about the issue or question before she answers but she always follow-ups, even if it is a day or so later. It is apparent that TJ likes people. TJ will not tolerate employees that don’t work well with others and she is very comfortable working with everyone.

TJ is confident that her hard work to advance her career and track record in a variety of complex jobs makes her very capable to take on the new role. TJ earned her B.A. in Business in a part-time program at a local college in Idaho.

L. L. Bean 

LL started Bean’s Frozen Heath 15 years ago. LL started Bean’s Frozen Heath in his basement. The company distributes its products throughout the United States and Canada.     Sales are currently $360 million annually. Tasty Products agreed to purchase Bean’s Frozen Heath.  LL’s innovation in moving his standard selling of freshly produced vegetarian to local supermarkets and specialty food stores to frozen and pre-packaged goods he could market and sell throughout the US and Canada led to rapid growth — both in terms of sales and employees, which currently exceed 250.

He was known for his charismatic leadership style and hands-on management. Although popular with employees and managers he was known to be focused and driven. His primary areas of focus were strategic planning, marketing, and product development. Employees characterized LL’s company as a pleasant place to work and one where they were treated fairly.

LL agreed to stay on in a leadership capacity with Tasty Products for 3 years, but his exact role has yet to be determined. He thinks leading this new division would be a good fit.

LL’s agreement makes accommodations for several of the key managers and key employees (sales, marketing) to work for Tasty Products.  Their roles have yet to be decided but LL would have a say in that. The relationship among these key employees is informal, everyone calls each other by their first names, and they like to talk about business and work well together. LL indicated that he expects everyone to jump in when a task needs to be done.

LL often says, “there are thinkers and there are doers. Doers get the job done. If we make mistakes, we’ll fix them. Perfection is the enemy of the good. And, in business to stay ahead of the competition, taking risks is necessary.” He sees himself as a doer and driver of others. LL frequently held town hall meetings to rally the troops and communicate a vision. He is very direct and blunt in his one on one. Often there seems to be little reflection before he speaks.

LL admitted that while he depends on the people that comprise Bean’s Frozen Health, that he likes to be immersed in the business and always wants to stay informed as to what is happening within every department.  He likes to walk around and chat with people although he does not like to waste his time or the time of others.

He also shared that he has limited formal educational experience with marketing since as the company grew he used in-house personnel and top-of-the-line marketing firms but he believes that since he has been leading Beans’ Frozen Health through its growth stages that he could easily manage Tasty Products new venture. He boasts that he is a proven innovator and entrepreneur.

As a proven innovator and entrepreneur having started and built a large company, LL feels confident, he is the best candidate. LL dropped out of college in his senior year to pursue his business.

J. C. Penney

JC started his role at Tasty Products 12 years ago.  Based on his prior 18 months of experience overseeing production for a small (1m) in annual sales protein bar company, JC was hired as a production manager at Tasty Products San Diego facility. His detail-oriented efficiency became widely known throughout Tasty Products and, for the past 4 years, has been working for Tasty Products as the Deputy Director of quality control and all products throughout the U.S. and Canada. He focuses on helping ensure all-natural and organic products are environmentally friendly and appeal to consumer price points.

JC is highly regarded within the employee ranks as a fair manager. He applies policies and procedures in a very even-handed manner.  JC at times can be seen as distracted by the details of production and quality and tends to get deeply involved in other areas of line operations. He has led a number of committees to plan new product development and distribution but has not yet been delegated those tasks as a recurring part of his current role.  JC has hired a group of highly educated employees.

JC’s employee’s comment that he seeks a lot of data before rendering an opinion or a direction to follow. JC is known to be ethical and trustworthy. He never reacts immediately to what is being said and likes to take time to research most things before he replies. JC likes to say, “the devil is in the details.”

He holds monthly staff meetings but generally, these are with specific groups on specific topics that he asked certain employees with expertise in those areas to report on the meetings. Management places a great deal of confidence in what JC suggests and recommends.

JC sees himself as both a manager and a mentor who focuses on employee development. For example, in the technical areas of production and quality control, JC provides very hands-on guidance and expresses exactly what he’d like to see the end product or report look like. JC is seen as a deep thinker and one who acts when he is certain of the next step. He is known to be someone management can rely on to solve complex technical issues. His opinions, however, in all aspects of the company are valued by management.

JC admitted he does not have any marketing or sales experience, but he has had a role in overseeing committees that made recommendations in those areas, including developing the new naturally flavored protein bar line of products. He has a strong desire to see the company become a leader in the protein bar market.

JC noted in his cover letter that although he has more hands-on experience in some areas of the new Executive VP role than others he believes, nonetheless, he would be a good fit for the new position because he is committed to Tasty Products. He understands the company’s vision, mission, and core values. JC stated he has demonstrated the managerial and leadership skills to guide the team to success.

JC believes his proven record at Tasty Products, his engineering background, and advanced education as well as the respect he is accorded by employees and management at Tasty Products make him an ideal candidate for the new role. JC has a degree in electrical engineering from Penn State and an MBA from Wharton.

Instructions: 

You have been asked to review the three candidate profiles and make a recommendation for the Executive Vice President position.  The new Executive VP will have a lot of responsibility in managing and leading the new division.

You will evaluate each of the three candidates considering each candidate’s experience and answer the questions Tasty Products’ leadership has requested the selection of the best candidate to lead the new division.

You must use the following BOLDED headings for writing the project:

                                                                        Introduction

  • Write an Introduction paragraph.  The introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper.  This intent should be understood prior to reading the remainder of the paper so the reader knows why the paper is being written and what is being covered in the paper.  (Use as needed appropriate in-text citation and include the references in the Reference section)
  • Consider writing the introduction last to ensure that all of the main points are covered.

Management Skills

  • Identify and discuss the management skills that each candidate possesses.  (Use as needed appropriate in-text citation and include the references in the Reference section)

                                                                      Leadership Skills

  • Identify and discuss the leadership skills that each candidate possesses.  (Use as needed appropriate in-text citation and include the references in the Reference section)

                                                                    Leadership Style 

  • Identify and discuss the leadership style of each candidate.  (Use as needed appropriate in-text citation and include the references in the Reference section)

                                                            Candidate Recommendation

  • List your candidates in priority order with the # 1 your first choice. Recommend and justify your first (1st) choice candidate. (Use as needed appropriate in-text citation and include the references in the Reference section)

                                                          Rejected Candidates Explanation 

Explain the reasons your second choice and third choice candidates were not selected.  Be certain to use their names and their rank order. (Use as needed appropriate in-text citation and include the references in the Reference section)

                  Conclusion

  • Create a concluding paragraph.  The conclusion paragraph highlights the major findings covered in the paper.  (Use as needed appropriate in-text citation and include the references in the Reference section)

Sources:

explain the Ten Biggest Technological Advancements for Healthcare in the Last Decade.

For this assignment, you will create a Testimony Report presenting and explaining the Ten Biggest Technological Advancements for Healthcare in the Last Decade. The reach of technological innovation continues to grow, changing all industries as it evolves. In healthcare, technology is increasingly playing a role in almost all processes, from patient registration to data monitoring, from lab tests to self-care tools.

Devices like smartphones and tablets are starting to replace conventional monitoring and recording systems, and people are now given the option of undergoing a full consultation in the privacy of their own homes. Technological advancements in healthcare have contributed to services being taken out of the confines of hospital walls and integrating them with user-friendly, accessible devices.The following are ten technological advancements in healthcare that have emerged over the last ten years.  The paper will be 8-10 pages long.

Describe and define the main issues in this “group think” problem.

For this research paper locate a real and problematic “group think” community within your town. It could be a religious group’s governing council, a dysfunctional fraternity or sorority, a political ‘in group,’ a social club’s membership committee, a group at your professional firm, a ‘coffee committee’ meeting at one of the local restaurants for a morning gripe session, etc. Before you begin analysis of this group please check with me.

You are a communication consultant specializing in-group communication. You discover a genuine “group-think” band of citizens in your committee. Write a short report (4 pages double-spaced) that 1. Describes why this group is a “problem.” 2. Describe and define the main issues in this “group think” problem. 3. Proposes one realistic, concrete plan to change the group’s communication behavior. This plan would stand the best chance of starting a change in the committee’s communication patterns.

1. Describe with Concrete details the members of the problem group and the group’s civic or social context:

a. Its context
b. Its members

c. Its effect on the larger community

2. Describe one problem with this group’s “group think” behavior.

a. What happens with new information enters the group’s communication
environment?
b. Which of the Janis constructs does this group use to justify its
communication stance?
Cohesion?
Isolation?
Biased leadership?

Decisional stress?

3. What is one solution that will begin to ameliorate the Group Think communication behavior?

customer service project that involved reviewing phone discussions with customers

Q1.

About a year ago at work, I was brought into a customer service project that involved reviewing phone discussions with customers, and rating the service level based on defined criteria. My contribution to the project was to be towards the end of the project, reporting on the results and combining the survey data outside of our HR system with data from or HR system to tie the results to different departments and employees. I was brought into the project a little earlier than expected because they were trying to decide the best way to get a start on the project and get a handle on the data.

Once the phone records were examined, they found thousands and thousands of conversations, with no real rhyme of reason to them. They were all saved digitally, but without any particular clue as to the context of the conversation. Also, there was no way to tell from the file names which department generated the call.

After some initial discussions and ideas, I proposed that a random sampling of them would likely be the best way to statistically review the information. I did some initial research (unfortunately, I had lost the memories of how to do it from my previous stat classes) and found what number we would have to sample in order to get a statistically sound representation of all calls. I used Slovin’s formula discussed here: https://www.statisticshowto.com/how-to-use-slovins-formula/. I was able to determine we need around 360 calls for our sample.

We then decided to assign a number to each call, then use a random number generator to pick the 325 sample calls. Once that was picked, the committee that would review the calls would then be assigned a fair number of them, based on the length of each call. Some were as short as a minute, while others were 30+ minutes. We would assign the calls so that all would have the same amount of calls in minutes.

Unfortunately, that is as far as this project has come. Covid forced us to work from home, and this project has been delayed. However, it did spur my interest in statistics again, and is a part of the reason I’m taking classes.

References:

Stephanie Glen. “Sample Size in Statistics (How to Find it): Excel, Cochran’s Formula, General Tips” From StatisticsHowTo.com: Elementary Statistics for the rest of us! https://www.statisticshowto.com/probability-and-statistics/find-sample-size/

Q2.

Chapter 4 material was very interesting for me, as I was able to start understanding most of the concept of statistics that I use to struggle with back in high school. Some of the concepts and tools taught this week are population and samples, normal distribution, probabilities, measures of centralness, central limit theorem (CLT), hypothesis testing, etc.

And as a visual learner, when dealing with a very large dataset, the tools that I like and have used in the past are tables and graphs found in distribution. Often, tables and graphs help us make a better sense of the data given. In one of the previous jobs I had, every week I would monitor and collect repair cases (incoming, pending UM decision, resolved, not resolved etc.) for our warehouse using a built-in template in excel to track repairs and include any comments that will help upper management (UM) make critical decisions based on available data from the warehouse. The report would include a table showing the number of devices already in the warehouse as well as their status, those coming in for the first, second and third time and a visual histogram would include the distribution of those devices based on their repair status.

UM would only focus on cases with the status ‘pending UM decision’ as those were the ones coming back to the warehouse for the third time and based on how frequently the same issue was occurring and how long on average the issue was happening after the second repair, they would offer a free replacement to the customer to avoid bad business and do further testing on the defective devices, then collect data that will help them improve the performance of their potential future devices.

In the end, when used the right way, these concepts and tools not only can help us answer questions that arise in real situation, but they also lead to powerful results if we rely on them.

V/r,

Grace G.

References:

  1. Bell, P., & Zaric, G. (2013). Analytics for managers: With Excel. New York, NY: Routledge.
  2. Kernan, D. (2007). Natural Resources Biometrics. Retrieved from https://courses.lumenlearning.com/suny-natural-resources-biometrics/chapter/chapter-1-descriptive-statistics-and-the-normal-distribution/

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Maintaining Supplies Overview

Maintaining Supplies Overview

Johnson Medical Clinic maintains a specific supply room that includes both office and medical supplies. The supply inventory is maintained by the medical administrative specialist and requires careful monitoring. A supply shortage can compromise patient care! Review the webpages listed below. Each contains information that will help boost your knowledge of maintaining the supplies in Johnson Medical Clinic.

 

Based on the information you learned in the Learning Activity for the Maintaining Supplies module, create an interactive form that the  Johnson Medical Clinic medical administrative specialist can use to record inventory levels of common medical office supplies. The form can be created in Microsoft Word, PDF, Microsoft Access, or an online survey tool.  See the grading rubric for more information. The form must be fully functional, without errors.

Global Logistics Management

This is Global Logistics Management class.

In week 1 we Learned

· Driving the Local Economy: How Transportation Projects Boost Our Bottom Line

· The Role of Transport in Economic Development

· Transforming Transportation for the 21st Century

· Transportation economics

In week 2 we Learned

· Demand & Supply of Transportation System

· Transportation Modes, Modal Competition and Modal Shift

· Transportation Economics: Helping us to under Stand the Problem of Disequilibrium in Transportation in the Modern Cities

In week 3 we Learned

· The Fifth Wave: Fifth Industrial Revolution

· Waves of technological innovations and the end of the information revolution

· The 5th Wave

In week 4 we Learned

· A meta-model for passenger and freight transport in Europe

· Integrating passenger and freight transportation : model formulation and insights

· The Function of Transport Terminals

 

The Mid-Term paper is based on a topic from this class. You may choose a topic from the first four weeks of lecture readings. Use the course readings and web sites to extend the materials on the topic. 

Your paper should discuss and extend the information on the topic, and to expand on the topic by giving real-world scenarios, which reflect this topic. 

Use APA format to submit this paper. This paper should be at least 1000 words with 3-5 references. Keep your submissions concise, focused, and succinct. Remember that Wikipedia is not a credible academic resource – please use the university library. This assignment will be graded on content, grammar, and format

organizational structure and strategy  implementation.

I need your help for writing essay (4 pages not including the cover page and references page)

The topic as below:

This week, our focus is on organizational structure and strategy  implementation. For this critical thinking assignment, read the case  study, W.L. Gore (Gore) & Associates: Rethinking Management (Case #  22) from your textbook. In addition, read Chapter 6, “Organizational  Structure and Management Systems: The Fundamentals of Strategy  Implementation.”

  • Name and describe a typical company that is organized as a hierarchy.
  • Describe how the following are practiced at this company—specialization, coordination, cooperation, and control.
  • How does this company’s structure and management system promote the effective implementation of the company’s strategy?
  • Describe how the following are practiced at Gore—specialization, coordination, cooperation, and control.
  • Given that typical control mechanisms are lacking at Gore, how is the company able to effectively operate?
  • How do Gore’s organizational structure and management systems promote effective strategy implementation?

Directions:

-Write an essay that includes an introduction paragraph, the essay’s  body, and a conclusion paragraph to address the assignment’s  guide questions. Do not address the questions using a  question-and-answer format.

–  Charts/diagrams should be labeled and can be added within the body of your paper.

-APA style should be used

-Font will be: Times roman 12, and double space should be between lines

-At least 3-4 scholarly, peer-reviewed journal articles will be used as references (including the below two).

Recommended Reference:

discuss the concept of cost advantage.

Review  the attached file and discuss the concept of cost advantage. Review textbook Figure 7.10, Using the value chain in cost analysis.

A case study is a puzzle to be solved, so before reading and  answering the specific questions, develop your proposed solution by  following these five steps:

  1. Read the case study to identify the key issues and underlying  issues. These issues are the principles and concepts of the course area  which apply to the situation described in the case study.
  2. Record the facts from the case study which are relevant to the  principles and concepts of the course area issues. The case may have  extraneous information not relevant to the current course area. Your  ability to differentiate between relevant and irrelevant information is  an important aspect of case analysis, as it will inform the focus of  your answers.
  3. Describe in some detail the actions that would address or correct the situation.
  4. Consider how you would support your solution with examples from  experience or current real-life examples or cases from textbooks.
  5. Complete this initial analysis and then read the discussion  questions. Typically, you will already have the answers to the questions  but with a broader consideration. At this point, you can add the  details and/or analytical tools required to solve the case.

Case Study Questions:

  1. Discuss how AirAsia achieves a cost advantage. Provide an in-depth  analysis for AirAsia Construct and use a value chain to show how  AirAsia achieves its multiple cost advantages.
  2. Are AirAsia’s cost advantages imitable by other airlines? Why or why not?
  3. Can AirAsia effectively compete in long-haul air travel given the  nature of its existing strategy and the nature of the cost advantages  that underpin AirAsia’s existing strategy?

Company Cash Flow Response

Need a masters level 200 word response to the following post.  The response must include 2 scholarly references and Bible references. References utilized by the original poster is below.

Every business needs a steady cash flow to keep the company operational and the “doors open”.  Without cash, the business will not be able to pay its employees, vendors, expenses, or make a profit. Cash and cash flow are the life blood of any business.  Without either, the business will die.

The company has a minimum cash flow.  However, it is not enough to keep the company in business.  Cash is needed now.   To raise the cash needed, the company has some of the following options that they would need to initiate in order to obtain cash needed to keep the business from bankruptcy.

The company can obtain cash from the operations.  The employees and management can take a reduction in pay for a short time with a promise to reimburse lost pay, plus bonuses, when new revolutionary product is released.  The company would also stop any dividend payments to shareholders with promises to pay later.  Plus, inventories would be reduced and purchases held to minimum.

Cash from the assets would be another way of increasing cash flow.  Property, plant equipment, and other assets could be sold. Since the new product that is being manufactured is revolutionary, some of the production equipment may be obsolete and can be sold.  Some of the ideas or concepts for the new product could be sold, if needed.

Since high expectations exist for the new product line, money could be borrowed at lower interest rates from financial institutions. Receiving cash from debt is a quick way of adding funds to the company.  Borrowing money allows the company to spend the funds on what is need to keep the business operational.

Issuing stocks and bonds can also generate cash.  Cash from equity financing is not as risky as borrowing money, but existing shareholders are not excited about reducing their profits and controls (Garcia, 2018).

Since the CFO and management has to keep the shareholders happy with future of the company, the management team would need to address the following areas with the shareholders:

  • Be honest:  The shareholders need to know the issues that the company is facing.   They need to know that cash is needed now.  However, they also need to know about the new product that will change business in its industry and provide huge financial success to the company, as well.  By doing this, some shareholders may invest more.  James 4:17 states, “whoever knows the right thing to do and fails to do it, for him it is sin.”  Shareholders need to know what is happening with their investments.
  • Report regularly: Since the business is going through this crisis, the shareholders should get a report every 3 months or more, if needed, so they can see what management is doing and how the business is progressing.
  • Treat all shareholders the same:  The business needs all the shareholders to navigate this tough time.  All shareholders should have access to same information.  By treating all the shareholders the same, the business will conveys a message of fairness.   All stockholders will appreciate this fairness (Vasconcelos, 2018).

References:

Garcia, M. (2016, October 26). Major Sources of Cash in Corporate Finance. Retrieved from      https://smallbusiness.chron.com/major-sources-cash-corporate-finance-74789.html

Vasconcelos, G. D. (2018, January 11). 3 Easy Steps To Keep Your Investors Happy. Retrieve     from https://www.forbes.com/sites/goncalodevasconcelos/2018/01/11/3-easy-steps-to-keep                                    your-investors-happy/?sh=5ef96f6c68a9

How would you propose obtaining the funds needed to keep the company alive

Need a masters level 200 word response to the following post.  The response must include 2 scholarly references and Bible references. References utilized by the original poster are below.

How would you propose obtaining the funds needed to keep the company alive and thriving for the next 2 years until you are able to see a return on the product development?

Steps that leadership could take to keep the company afloat for the next two years until the new product succeeds is by considering pricing discounts for the current products if clients pay early. Often it affects the overall profit margin but significantly increases early cash flow. Care must be taken to ensure that not too much of a discount is given to prevent going in the red. Securing loans for the business can help with short term cash flow issues that will undoubtedly be able to repaid once the new product starts selling. Pressure should be placed on employees to increase possible sales for current products sold by the company. According to Boex (2015), “Another important consideration is that profit reports are based on sales income. The main issue here is that the recorded revenue is often greater than the amount of actual cash received from sales.” Any possible receivables that are outstanding should be collected. Any possible customer credit issued should be strictly scrutinized and only extended in a case by case basis. Failure to do so only puts more pressure on the existing problems that the company is facing in regards to cash flow. According to Masters (2017), “With your budget as the foundation, work with your CPA to create a cash-flow statement. The purpose of this document is to report the net increase or decrease in cash for your business.”  Doing this will help with sharing information with key decision-makers within the company and stakeholders as well.

How would you keep the stakeholders happy?

Besides profit communication with stakeholders should be one of the primary objectives if the organizational leadership is to keep them happy. Concerns that the stakeholders have must be actively listen to so the organization can address in a timely fashion or provide feedback or feedback as needed before issues manifest into larger unintended problems. Making sure everyone is on the same page and understands what the short and long-term goals are. With this done, everyone can see the same picture and understand how the company will get there. In times of great doubt, the Bible in the words of God have never rang so true as in the following verse: “And a great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet, and on her head a crown of twelve stars. She was pregnant and was crying out in birth pains and the agony of giving birth. And another sign appeared in heaven: behold, a great red dragon, with seven heads and ten horns, and on his heads seven diadems. His tail swept down a third of the stars of heaven and cast them to the earth. And the dragon stood before the woman who was about to give birth, so that when she bore her child he might devour it. She gave birth to a male child, one who is to rule all the nations with a rod of iron, but her child was caught up to God and to his throne, …” (Revelation 12:1-17, English Standard Version)

Reference

Boex, A. (2015). Why cash flow is more important than profit. Retrieved February 18, 2021, from https://www.unomaha.edu/nebraska-business-development-center/_files/publications/cash-flow.pdf

Masters, C. (2017). Fundamentals of cash flow management. Houston Business Journal. Retrieved February 19, 2021, from https://www.bizjournals.com/houston/news/2017/10/31/fundamentals-of-cash-flow-management.html