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Pages:
2 pages/≈550 words
Sources:
4 Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

Financial Viability And How Supply Chain Affects This (Research Paper Sample)

Instructions:

financial viability and how supply chain affects this

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Financial Viability
The sole purpose of every business is to increase sale while at the same time increase the profits made. The success of every business hugely depend on how effective it puts it finances into use and how viable the finances are. Every effort is geared towards making sure the finances are made and put to a better use that facilitates the sustainability of the business.
The supply chain management is concerned with the flow of goods and services form the supplier to the final consumer. The business have no choice but adopt the most effective one that will guarantee a good level of sustainability. There exist six supply chains that the managers have to choose from or blend a number of them. The choice should be based on adoption of that which is outcome driven. The results of the one adopted should be in line with the prevailing status of the business, if it is thriving, while at the same time concurrent with the future goals. Combination of a number of the supply chain will enable the business to settle for the best lucrative one, which is basically a hybrid of the six which work best for the business. The managers to the various business organization shout strive to manage the supply chains that the firm is using to make sure that the supply chain matches the various needs of the consumer and at the same time able to change based on the changes in the needs and desires of the customers.
For finance of the business to make sense and be worthwhile at the same time be put to good use, the business should be structured in such a way that it is able to be sustain the changes in the environment. A business may be making profit but ones it is not able to sustain itself to the reality of the prevailing dynamic economy for it to thrive. The business models and the finances must be reliable regardless of how good they are both ecologically and socially. The mangers should strive to understand the dynamics underlying the way of living and thinking of the people. This will enable them to not focus much on Eco efficiency of the business models, but pay a focus to the mental models of the society. This makes it able to be adaptable to the changes to the human perception of things based on the changes in the prevailing condition of human life. The business should rhyme with the curiosity of the human beings who have a very strong desire to learn.
When focusing wit financial sustainability, the firms should not pursue their internal success to the expense of their customers. The companies that puts the interest of the customers as a priority will always succeed. Where the condition demand so, the company should be able to be in a position to make the customer demand for more by inciting the need in them and wining their loyalty. The question of financial resilience will always be an issue of concern. The an...
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