Discussion Board Essay Example | Topics and Well Written Essays - 250 words - 9

Discussion Board - Essay Example Therefore, the equilibrium quantity is determined by output amount a firm decides to supply. For instance, Samsung and Nokia companies are all phone companies and their demand in the market is determined by equilibrium where price is given in the market and not by demand or supply forces. The government intervention has a strong influence on a willing late comer to join the market industry. Government interventions may allow late comers to challenge those who entered first in the market. If they do so, there is a shift of extra returns by government intervention in a particular firm from another state to the national economy. For instance, a real life situation is whereby if China can be allowed to supply phones to America, there will be a reduction in returns received by phone making companies in America as they will not enjoy all the profits as before. Financial ratios are designed with the aim of determining the weaknesses and strengths of a firm. The investors need financial analysis to know the riskiness of cash flows and future cash flows of a firm. An individual is able to know a company’s strength or weakness by analyzing the past performance of the firm and mapping it to the future plans. The analysis is mainly done by analyzing financial statements. For instance, in debt ratio, the greater the ratio, the lower the protection that can be afforded by creditors upon liquidation (Hacker,

Analysis of Jelly Belly Candy Company Assignment

Analysis of Jelly Belly Candy Company - Assignment Example Proof-of-concept, as used in the paper refers to the necessity to proof or ascertain that a system under consideration is viable (Blount and Lamm 356). Jelly Belly management had a plan to improve their sales and marketing practices through adoption of an appropriate customer relations technological system. As a result, they acquired a CRM system but few months after its integration, the system even failed to form a viable interface with the Enterprise Resource Planning (EPR). Consequently, Jelly Belly approached Microsoft for a new CRM system. This time, they need a preliminary certainty that this new system will serve the intended purpose. Therefore, Jelly Belly consulted Webfortis to establish a proof-of-concept that the new system met all standards required for optimal performance. Jelly Belly can now manage its current customer base using information obtained from the new system. In the past, the company could lose any type of customer within their selling and purchase processes . However, the new customer relations package enables managers to identify speciality customers responsible for the voluminous purchase of their products (Blount and Lamm 357). Consequently, this new package allows sales managers to develop longer relations with speciality clients; hence reducing customer defection. As a Jelly Belly human resource manager, I would consider selecting hiring and training skilled and productive sales persons into the company’s sales team. The reason is that Jelly Belly has the requisite information on customers; hence skilled salespersons could utilize this information in improving sales through actions like direct marketing. The main reason why Jelly Belly failed in accounting for undesirable customer patterns was as a result of inefficient customer relationship culture. Jelly Belly had not employed the use of technological tools in acquiring relevant information concerning the nature of their client base. In the past, the company could lose any type of customer within their selling and purchase processes. However, the new customer relations package enables managers to identify speciality customers responsible for the voluminous purchase of their products.