She needs to consider about the safety which means that she and her workers

She needs to consider about the safety which means

This preview shows page 7 - 9 out of 15 pages.

She needs to consider about the safety which means that she and her workers must be trained touse these complex equipments thus that she will not hurt herself. She should also consider if thecustomers will order it? If they will not order that service she will lose a big amount of money. 4. Hazel has been fairly successful in her neighborhood and now wants to expand to otherneighborhoods including some that are up to 8 kilometers away. What would be the advantagesand disadvantages of doing this? 5. Hazel does not have a mission statement or a set of objectives. Take one of the following positions and defend it: a) Hazel doesn’t need a formal mission statement and objectives. Many small businesses don’t have them. b) She definitely needs a mission statement and a set of objectives. They would be extremely beneficial. c) There may be some benefit to Hazel’s business and she should consider developing one. If I were to choose between the three options, I would choose option B which is about setting a mission statement and objectives for the business. Mission statement serves as guide for employees while objective is a measure of the progress that is needed to get to the destination. Both directly helps
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employees stay focus on tasks at hand towards the success that the business wants, as well as encouraging them to find innovative ways toward achievement of company goals. CHAPTER 3 (M&L Manufacturing) 1. What are some of the potential benefits of a more formalized approach to forecasting?
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