Online Writing Lab The Evaluation Essay The purpose of an evaluation essay is to demonstrate the overall quality or lack thereof of a particular product, business, place, service or program. While any evaluation involves injecting some form of opinion, if an evaluation is done properly it should not come across as opinionated. Instead, the evaluation should seem reasoned and unbiased.
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Long term decisions are very useful as they help the business to manage the money they possess efficiently and also give them a sense of direction and where they aspire to be in the long term which could be financially. Secondly when there are long term goals and targets set by the business the workers then have that sense of responsibility which is to produce the best possible work they could offer to achieve those long term goals and targets.
If the business is doing well and exceeding their plans, then they could then set themselves new targets and long term goals. Strategic decisions are not only used by businesses to exceed goals and targets, they are also used in different areas of the business for e.
However, by using long term planning it will help to guide the business into using the best possible use of their resources. Another reason why business want to know who their competitors are is because by spotting them out the business could then compare both businesses as a result of the comparison the business could spot potential opportunities or gaps in the service that the business could fill.
If a business wants to be superior to its competitors in the market then they must be different and unique, there are many ways to be unique and different they could use different use different brand logos and different brand names.
What is also vital is that a business should communicate its unique selling propisition.
In order to remain competitive throughout the market then the business must be distinctive, there should be something special about the business that makes customers have second thoughts about going to the competitors.
When choosing a competitive advantage other competition a business should always focus a couple of important points. The first point is the quality of the product. The only way a business could beat their competitors is by offering a superior quality than all the other businesses.
Secondly, price you can choose to beat the competition by offering the lowest prices and thirdly customer which is the most important factor out of all three. Researching is another factor that is used for business information used to make strategic decisions.
They could find these out by using many researching methods such as surveys or even focus groups. For the business to expand and grow they must find out any weaknesses that will hinder them from progressing and expanding. I believe a business should consider researching because it is important that a business knows what the customers prefer and which market to enter and promote your product in.
Because not researching and having enough knowledge about the market could result the business loosing huge amounts of money also wasting time. It is very likely that a business in a market place could be likely to be in competition with other companies that are offering the same products or services.
However, the successful products are the ones which meet the needs and the desires of the customers. Markets are effective; this suggests that means that they are changing.
That is why a business must keep researching because otherwise they will less popular amongst certain customers with customer satisfaction and would Be aware of market trends, which mean how other companies or businesses respond to ups and downs.
This includes prices of products that are corresponding with investments I believe a business should consider costing because by having reasonable product prices they could win over customers from their competitors.
However, I also believe costing can make the difference between excellent idea and ruinous one.
Costing can be vital to a company because it can allow them to estimate the costs of many things such as products, good and even services. As a result of estimating what the prices of the business could be then save more money.
I recommend that a business should use all three of these factors which are costing, research, and competitors because they are all linked to having a successful business.
If the customers are do not prefer your products or services then you could carry out a survey and find out what is wrong with your products and try to improve the quality of the product. There are many ways in which a business could get the better of their competition and this could be by using marketing research and finding out what other competitors are offering to the customers.
Thirdly, there is costing which is used to by a business effectively. A business is always looking to have better deals done their competition.
Also customers would only buy products which have reasonable price tags on them. As a result of having reasonable prices. By including all these three important factors this could be used by a business in strategic decisions in the long term.Evaluate the appropriateness of business information Essay Sample.
D1- Evaluate the appropriateness of business information used to make strategic decisions. Essay on Unit 4 D1 Evaluate the appropriateness Unit 4, D1, Evaluate the appropriateness of business information used to make strategic decisions.
Introduction: In this task I will be evaluating the appropriateness of business information used to make a strategic decision. The Evaluation Essay The purpose of an evaluation essay is to demonstrate the overall quality (or lack thereof) of a particular product, business, place, service or program.
Introduction of TOPIC. D1- Evaluate the appropriateness of business information used to make strategic decisions.
Strategic decisions are the decisions that are concerned with whole environment in which the firm operates the entire resources and the people who form the company and the interface between the two.
In this task I will be evaluating the appropriateness of business information used to make a strategic decision.
In this part of the task I will be focusing on Tesco business. I will be talking about the importance in strategic decisions within Tesco and how they use the decisions for their business. Evaluating the appropriateness of business information Essay Sample By admin In Essay Samples On October 28, Measuring the rightness of concern information used to do strategic determinations.