SpinCent Mathematics & Economics Essay Research Paper (Essay Sample)
some challenges EXPERIENCEd in ORGANISATIONAL OPERATIONsource..
Every organization, whether big or small, experiences some challenges in its operation. SpinCent was a small company trying to make profits in an area dominated by big corporations. The company deals with the exportation of laboratory and industrial centrifuges. The first challenge experienced by the company was locating an external market, which was substantial and diversified for their exported products. The company wanted to ensure sustainability, which meant that they had to look for long term partners in distribution and supply.
Being a small company, finding resourceful and trustworthy distributors was a challenge. The management team of the company had to convince their partners of their potential, which would have long-term growth and sustainability. SpinCent had difficulty in accessing finance for expansion and exportation. The company had a domestic market, which was doing well, but exportation would require more funds, which were not available. Changes in market trends affect the profitability of organizations.
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