Answer: Question 1
Identify and explain at least three (3) internal factors that involved tampering? How did
tampering affect Renee’s bottom line?
As according to the circumstances, the Renee has to involve with some factors that were
business. The basic first reason can the changing effect was notincorporated with the staff. If the new owner wants to make some change, he would notconsider him employees to take them in confidence to make a change. Similarly, whenthe staffs are taken in confidence, it surely harms businesses and reduces the efficiency of employees.The second reason could be that according to the change the staffs need to be get trained.It is because the work culture required fashion consulting training for its staff members.Second internal reason can be this way that new owner would not getting his employeesinvolved in the training the employees according to the new changes and therequirements.
The third internal reason can be that Renee’s business requires the pr
oper valued goodcustomer service. If good customer services are not being provided to the customers, itsurely harms the business profits. That can be the main reason that after 9 months, theprofits get reduced to the 36%.When this tempering is done in action then it harms very effectively the staff and bottomline. When company was not having enough profits then it surely is effecting thecompensations of the employees. At the same level the termination of the training anddevelopment also get stopped. By this way the employees moral get down. And theefficiency gets decreased. When all this be happening then it is for sure the companywould be abandoning its extra feature like value added services, training etc to reducecost and to save money. By this
it was harming the bottom line of the Renee’s business.
Identify and explain two (2) external factors that may have led to
Renee’s going out of business.
As the people trend was decreasing for the expensive cloths and towards the trendysuiting, the one reason can be the economic and global crises for the must. When a crisiscomes then it decreases the people purchasing power due to the inflation, unemployment,and low earnings. In such a situation, people try to purchase cheaper clothes, or from the
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