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Realistic Goals

In: Business and Management

Submitted By lmoniquel1207
Words 644
Pages 3
Prior to each decision that has to be made, the management team has to set realistic goals. By setting realistic goals we will be able to strategically figure out which direction is most suitable for the direction that we are aiming towards. Realistically as we analyze the world and make comparisons on how businesses functioned 15 years ago to now we would see many differences. By figuring out ways to remove the middleman, that opens doors to create new opportunities. For example, enhancing technology within manufacturers in our various markets.
While looking at different companies, their management teams notices that they are valued differently. These changes occur especially within different time periods. The results are mainly due to the way that their operations are being handled. There are many different scenarios in which various situations weren’t handled properly. By properly, I mean that various problems could have occurred that was previously unforeseen. For example, while looking within the Economic times, I noticed that Bank of America Merrill Lynch lowered its forecasts for crude oil prices for 2016 as well as 2017. The main reason for this was due to their global glut in supply. There seems to be an overabundance expected to take place and cause a swift depreciation to occur in China. As a result of the supply being higher this will most likely lead to a decrease in prices overall. As the demand starts to increase then the price level will begin to level out. Now, let’s analyze a couple of different scenarios.
For some companies this could lead to having a higher or lower demand in different areas. Overtime, the supply and demand for physical workers were higher in 1996 than it is now. Many management teams strategized and found ways to minimize in certain areas that they felt weren't mandatory. As a result, this could increase the work load of the...

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