Situational AnalysisEssay Preview: Situational AnalysisReport this essay2.2.2 COMPANY WEAKNESSES AND RESOURCE DEFICIENCIESIn comparison to the competing market, Ferris company has long been plagued by control deficiencies and weaknesses in our system of internal control. There were gaps in existing documentation and some control deficiencies, but, because our previous strategic plan was weak and the management team lacked clear directives, our company will have to remediate the deficiencies and retest the controls. The overall unit costs in relations to key competitors were higher. In addition to that key area, it was also noticed that our bond rating was poor as well as a weak balance sheet. According to the Capsims balance sheet survey, Ferris company net assets are tremendously low as compared to the other competitors.
Situational AnalysisEssay Preview: Situational AnalysisReport this essay2.2.3 COMPANY EFFECTS AND RESOURCE EXPOSURES
In addition to the shortcomings we have listed above, there also were times when we needed to reevaluate the situation. One example, being in touch with the management was when we needed to start talking about the strategic plan for acquiring a competitor or a new financial platform and when the company did not have the needed resources. The management had, for instance, not prepared a comprehensive plan for reregulating our operations with a new operating mechanism for the business.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2.2.4 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
The company also reported on many problems. One example was an extremely limited number of resources during the financial year ended 30 June 2014. The company did not have its most important asset from the previous year available. This is often very large when an asset can be valued around a certain level but did not always exist on day one.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_1.1 COMPANY EFFECTS AND RESOURCE EXPOSURE
With the management’s inability to make decisions, especially on strategic and strategic planning matters, the ability for the company to conduct strategic planning was seriously impaired. We were able to not only reduce the risk for acquiring a competitor at the expense of our assets but also mitigate it and continue doing so through a very flexible approach.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_2.3 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
We need to have an open and transparent system that ensures that our team is on time because we cannot be held back. This has also been an extremely important component of the company’s financial planning for the past two seasons. When management was not following the strategic plan in action, we found that there were little to no resources available.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2.2.5 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
In some cases, management did not have the ability to prepare for the expected growth or risk. These events have been very frequent with Ferris company management and for some time. Some failures with management have resulted in delays in the completion of the project. I did not know for sure in advance if the company was in any position under these circumstances, but a team effort to obtain information, to develop a comprehensive plan and procedures for evaluating projects, and to ensure that all of the risks were not overlooked provided many of the components of the strategic plan were not prepared to execute.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_3.4 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
In many cases all of this could be achieved in short order, especially on strategic plans of these entities: in particular, in our strategy towards acquisitions. Since we still have many important
Situational AnalysisEssay Preview: Situational AnalysisReport this essay2.2.3 COMPANY EFFECTS AND RESOURCE EXPOSURES
In addition to the shortcomings we have listed above, there also were times when we needed to reevaluate the situation. One example, being in touch with the management was when we needed to start talking about the strategic plan for acquiring a competitor or a new financial platform and when the company did not have the needed resources. The management had, for instance, not prepared a comprehensive plan for reregulating our operations with a new operating mechanism for the business.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2.2.4 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
The company also reported on many problems. One example was an extremely limited number of resources during the financial year ended 30 June 2014. The company did not have its most important asset from the previous year available. This is often very large when an asset can be valued around a certain level but did not always exist on day one.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_1.1 COMPANY EFFECTS AND RESOURCE EXPOSURE
With the management’s inability to make decisions, especially on strategic and strategic planning matters, the ability for the company to conduct strategic planning was seriously impaired. We were able to not only reduce the risk for acquiring a competitor at the expense of our assets but also mitigate it and continue doing so through a very flexible approach.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_2.3 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
We need to have an open and transparent system that ensures that our team is on time because we cannot be held back. This has also been an extremely important component of the company’s financial planning for the past two seasons. When management was not following the strategic plan in action, we found that there were little to no resources available.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2.2.5 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
In some cases, management did not have the ability to prepare for the expected growth or risk. These events have been very frequent with Ferris company management and for some time. Some failures with management have resulted in delays in the completion of the project. I did not know for sure in advance if the company was in any position under these circumstances, but a team effort to obtain information, to develop a comprehensive plan and procedures for evaluating projects, and to ensure that all of the risks were not overlooked provided many of the components of the strategic plan were not prepared to execute.
Situational AnalysisEssay Preview: Situational AnalysisReport this article2_3.4 COMPANY WEAKNESSES AND RESOURCE EXPOSURE
In many cases all of this could be achieved in short order, especially on strategic plans of these entities: in particular, in our strategy towards acquisitions. Since we still have many important
Based upon a scale of 1-10 of Ferris overall business situation with extremely weak being a 1 and exceptionally strong being a 10, our company would at this point rate a 5.
2.2.3 COMPANY MARKET OPPORTUNITIESAs an identifiable electronic sensor company, our primary goal is to influence the public about our company by focusing on the opportunities for rapid, global communications and dissemination of information offered by the Internet. By creatively embedding the Internet into our products and business processes, our sensor company can gain access to an enhanced, value-added distribution system, have greater control over pricing and product development strategies, cost-effectively market our products directly to a broader customer base, and be better positioned to attract investment capital. It is vital for Ferris Company to develop an Internet strategy in order to add value for our customers and this method will also maximize our opportunities for growth.
Also, with embedded Internet sensor products, Ferris company can efficiently market our products directly to the users,To optimize our opportunities, our companies should focus on providing irresistible value for the customer. A sensor companys prospects can also be enhanced by partnering with related companies that have similar or complementary product lines and by developing its own marketing channel.
Connecting to the Internet is not as straightforward as it used to be. While the traditional