Engineering management Assignment Example | Topics and Well Written Essays - 500 words

Engineering management - Assignment Example In this regards, the price of a commodity in a competitive market will vary until it reaches a point where the quantity demanded is equals to the quantity supplied. Therefore, other than friendly prices on the market, an increase in income results to an increase in demand. Thus, as incomes increases, people are able to purchase more which means many may opt to purchase the products next month. In this case, increased advertising leads forecast consumers expected utility, which means they become aware of the product, and in the end might buy it. Sales of product and advertising expenditure are intertwined in that decrease advertising will always have a negative influence on the customers purchasing behavior. Therefore, a sales manager needs to invest more in advertising in order to increase the sale of the product. It is rational that if the sales manager has to make maximum sales, they must be in a position to balance between all expenses that he incurs and the volume of production. This will help it keeping the prices and maintaining a competitive advantage over the competitors. d. A manager of an international construction company making an estimate of the risk of civil unrest in a country which was formerly part of the Soviet Union and where the company is considering making investments The manager needs to understand that expanding its operations into other countries especially former Soviet Union ally, a company can face a number of political and economic challenges. One of the political challenges is government interference. Different governments have different levels of business interferences. Such things as business laws and taxing system of a country affect the progress of a company. To deal with this, the business needs to make calculations of all the required payments to the government and determine if it will be profitable

Strategic Management in a Global Environment ( Emirates park resort ) Case Study

Strategic Management in a Global Environment ( Emirates park resort ) - Case Study Example Their most common competitors are resorts and facilities that tend to attract tourists such as; hotels, parks, ski areas, clubs and bars that readily offer leisure activities, game parks, and zoos. As more people continue to know and get enlightened on why to invest in the Middle East and Abu Dhabi to be more precise, new, stronger, aggressive and swifter competitors come into the picture (Saxena, p48). Hence, it is a fact that the external environment of Emirates Resort Park is ever in a dynamic change. There are different definitions of corporate governance, and none of the numerous definitions seem to be sufficient and conclusive enough to define the term corporate governance. But to be sufficiently general at these matter, the term corporate governance can be thought to mean the structure, system and way of administration of an organization that determine the direction and magnitude of development of the institution and how it can achieve its future prospects. It can be thought to mean what is done by the institution’s administration in order to realize its goals. The Emirate Resort Park has a remarkable corporate governance that has helped it to grow from the small Resort it was back in the year 2004 to what it is eleven years later. Its corporate governance is ever introducing new projects and engaging them to completion. These new projects are aimed at giving its visitors or tourists a much better customer experience and also to ensure that it is ever growing to a better place for tourists and also for its workers. One of the projects was its expansion. This is done in order to have more animals in the park and increase the size of the area for the people to interact with the animals. Since it was realized that the parking area is tremendously big. The administration has considered reducing the size of the parking as they give the space to areas that demand more space. Another is the introduction of