Management > CASE STUDY > Management Case Study | well formulated | 8 pages (All)

Management Case Study | well formulated | 8 pages

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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 [Show More]

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