Managerial Economics

What be the important factors contemporary mangers essential consider when estimating the productionExecutive summaryThe master(a) function of this report is to highlight the important factors contemporary mangers must consider when estimating the production . For many years there has been discombobulation on what factors should consider when estimating production . Wrong factors which are taken into considerations has created a negative image to the companies leading to huge losings due to loss of customers and market share going slew (Keck and Scutchfield , 2003The facts on this report have been collected from various sources such as journals , magazines , interviewing employees and research carried on various departments which are accountable with finis making in an organizations . This report emphasizes the possible do on basing on wrong factors while making decision in the company , and the consequences of using wrong factors .

The major results of these are that the company entrust either loose both the customers and employees to their competitors which will drive them away from billetBesides , this report shows how managers need to plan their business and the major steps to be taken and how to organize the employees effectively within the company . It also shows how planning and organizing can advance the image of the company , how to used it as a whoreson of creating and retaining loyal customers . The benefit of cultivation employees and organizing them when there are acting their duties in the company . Furthermore , it shows how managers can use training as a motivating factor...If you want to get a full essay, order it on our website: Ordercustompaper.com

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