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Developing Good Business Sense Essay

763 words - 4 pages

Developing Good Business Sense

Developing a good business sense takes is not that difficult of a task to fulfill. It only takes a normal level of common sense, a little determination and a business-like frame of mind to achieve what many do not even dare to attempt. As answered in the questions below, there are many ways in which a business’s strategy and work productivity play on profitability. These examples of operating systems will give you a better idea of what it takes to make it work.

The three companies I am chose are all department stores, Wal-mart, Target and Walgreens are all good examples. These three companies all function in very similar ways. They all have the same ...view middle of the document...

They contact the wholesale sellers of that individual product and strike up deals to have that particular item stocked on their stores shelves. From the operations standpoint, that is where the actual store managers and supervisors oversee their productivity and tweak “operations” to maximize the store’s potential. They are responsible for maintaining the skilled positions, product knowledge, machinery and/or equipment. In the output stage is the stores ability to move finished products to the customer. This entails sales associates, advertising, employee assistance and customer service desks or departments. The employees are definitely organized in different ways. This is because of every employee expectations to their supervisor and fulfilling the needs and wants of their department.

The main kind of operation management and materials costs that companies have are exactly that; management and materials. Management should have an adequate amount of skilled and educated manpower to run their business properly. As for materials, there is not huge demand for materials other than products themselves. There are overall costs which include rent, maintenance, back stock, overhead costs, employee costs, benefits, benefit options, etc. that must all be taken into consideration. There should not be many issues with costs of materials that are...

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