Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company was almost closed because of Crisis. No work to do. No money to make and pay employees. Today, the business is quite slow.

The company was almost closed because of Crisis. No work to do. No money to make and pay employees. Today, the business is quite slow. Raw Materials are always in shortage, directly affecting business and products. Management is in non-cooperative culture. Though Income loss was -$280000 from April-Dec 2020. They need increasing sales. The Forecasted increased sales up to $240000 in Jan-Aug, 2021. They need funds (money), and a possible way is to increase the long-term loan. They need increasing sales.

1. What are the critical types of issues? a SWOT analysis? critical success factors (CSFs)? a balanced scorecard?

2. What can be done about it? Management? Raw materials? Other indirect factors?

3. What steps would you recommend?

4. how long will it take to achieve a good cooperative project management culture and even excellence?

5. What obstacles exist in getting marketing? What might happen if benchmarking studies ...?

6. Should some external or internal change to the methodology accomplish this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions