Identify the level of management in performing the following tasks with reasons:
(a) Introducing a new product line.
(b) Devising a suitable advertising campaign to sell a new product/service a company is launching.
(c) Conducting performance appraisal of supervisors.
(d) Deciding the capital structure of company.
(e) Recruitment of daily wages labourers
Answers
Answer:
Once your business is established and running well, you may be inclined to let things continue to run as they are.
However, it's actually time to plan again. After the crucial early stages, you should regularly review your progress, identify how you can make the most of the market position you've established and decide where to take your business next. You will need to revisit and update your business plan with your new strategy in mind and make sure you introduce the developments you've noted.
This guide takes you through this essential process, detailing the stages you should go through to assess how well your business is performing, highlighting your strengths and areas that could be improved and suggesting the actions you need to take to implement the improvements that you've identified.