Friday, July 26, 2019
Management in GIFC Company Case Study Example | Topics and Well Written Essays - 750 words
Management in GIFC Company - Case Study Example The company management should take an audit of the entire organization and get an understanding of their marketplace. Some of the issues Maria and the associates should survey the competitive environment to know the companies offering similar products. The company should establish whether there are other companies offering Chinese or Greek foods that Johnny suggests as an investment of the GIFC Company. The company should also establish the organization's real competencies to venture into a new expansion. For instance, it would be advisable for all the entire management team to join a management institute and acquire specific skills to suit their roles. The other step to assist the management to strategize the activities of the company and its expansion by identifying what is important (Brasfield, 2012). The company management should focus on where they have to take their organization over time to create a long-term defined mission. The most important things to bear in mind for the organization to grow are the customers, the market size, and the products they will offer to their clients. In addition, employee welfare, communication, and motivation are key issues for consideration (Brasfield, 2012). The conceptualizations of what the organizationââ¬â¢s future should appear will enable it to achieve its vision and grow tremendously. The organization management should their priorities that will require the full and immediate attention of the whole team. The strategic plan should, therefore, focus on such issues to ensure that the right decisions are made they can embark on major changes for expansion of their business operations.
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