Sample Essay

At the same time, there is great need to invest on modern technology to enhance easy production of goods and services while lowering the production cost and ensuring the efficiency of a company hence ensuring production of highly quality commodities at a fairly competitive price capable of earning the company a satisfactory margin.

Therefore, there is great need for the management of any company to formulate up to standard strategies that will indicate the intended direction, and then come up with relevant strategic procedures to enable the company achieve its vision and mission.

However, a company’s innovative trends ensure that the company’s strategies and strategic plan arte inaugurated to earn economic profits.  More so, an organization ought to put into consideration its SWOT examination in order to improve on its strengths and opportunities while minimizing on its weaknesses and threats to avoid unnecessarily loss and risk of a loss hence improving on its performance.

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