Identify the symptoms of each of the challenges listed below in a business organization and suggest ways of resolving each of the challenges: a) Cash flow...

      

Identify the symptoms of each of the challenges listed below in a business organization and suggest ways of resolving each of the challenges:

a) Cash flow challenge
b) Outgrowing business facilities challenge
c) Human resource challenge
d) Marketing challenge

  

Answers


Martin
Symptoms of challenges

(a) Cash flow challenges

- Difficulty in meeting financial commitments
- Resorting to cash purchases rather than on credit - Negative bank statements or huge overdrafts --Delay in paying creditors or other long term credit arrangements
- Cutting down on the scale of operations or lowering, the level of financial commitments

(b) Outgrowing business facilities challenges
- Handling customers becomes difficult
- Bulk operations
-Large financial transactions or complex transactions
- Large workforce difficult to control and direct

c) Human resource challenges

- High labor turnover
- Inability to attract competitive employees
-High levels of dissatisfaction among the employees
- Frequent industrial actions such as strikes, go slows and mutiny
marto answered the question on February 4, 2019 at 10:20


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