INTRODUCTION
The main problem facing Classic Cable Company as a company is reducing the lead time
in the production sector. A company becomes unable to sustain its financial performance over a
long period of time espe
...
INTRODUCTION
The main problem facing Classic Cable Company as a company is reducing the lead time
in the production sector. A company becomes unable to sustain its financial performance over a
long period of time especially when it doesn’t get funding. The company needs to secure
funding to improve efficiency and also stop firing its workers. The sale of assets by the
management would often lead to loss of productivity. This is because some of the company’s
assets are used to enhance productivity. When the organization does not have assets it becomes
difficult for it to sustain its business. Another challenge for Classic Cable Company is choosing
low capital intensive industries that have caused most of the organizational woes. This is because
in most cases business that are low capital intensive tend to perform negatively as compared to
their competitors.
RECOMMENDATIONS
The first recommendation for Classic Cable Company s to capitalize on minimizing the
cost of production. Since the company manufactures different range of products, it should nest
its material in order to increase productivity levels. This is one of the methods that are used to cut
down the production costs hence maximize the output in the long run. Another method of
minimizing the costs is purchasing products and raw materials in bulk in order to enjoy the
economies of scale. Purchasing low quantities, on the other hand, leads to poor production and
reduced revenues. Moreover, the company should also focus in maximizing its productivity. This
helps to improve the companies output. There are also many cost reduction opportunities within
an organization. The management should adopt a lean production strategy that will help to cut
the level of production
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