Mountainside Industries’ transmittal letter

Dear Madam

I am submitting the advisory report you have requested with great interest and pleasure. The focus of the report is on different tactics that will help your business recoup its losses.

Madame

I truly hope you will find this report informative. Please get in touch with me if you need further details or information.

Yours sincerely

Name

Analysis of the Mountainside industries

Introduction

The primary goal of the increasing number of industries today is to generate profits, and by this, we mean significant profits due to the time, resources—both human and physical—and money—allotted to its accomplishment by the year’s end, when the yearly auditing is auditing is done. However, some industries do make losses, and it is due to these losses that most of them shut down or amalgamate. Annual Researchers have it that most industries do record a loss when the audits are done, and this is due to poor management, fire, machinery breakdown, and bodily injuries (including fatalities). The purpose of this report is to present solutions that will help Mountainside industries to track back its earlier successes.

Mountainside industries should set goals and have objectives

since they are the essential part of the business success. Some of the objectives that Mountainside should have include financial objectives. The financial goals are crucial in the emphasis of the financial targets of the company. The manager must thus ensure setting of clear financial goals that should be realistic, ambitious, and measurable.

Sales and marketing purpose is another valuable solution

since it helps the company to measure their position against other industry competitors. Furthermore, it plays a critical role in help the company to produce quality products, promote brand recognition besides surpassing the competition in the market share. Lowering the prices on competitor’s pricing is essential in ensuring attraction of a new class of purchasers. Besides, it can also ensure introduction of a new product line that will appeal to the broader demographic. In this case, the introduction of baskets is crucial.

Human resource objective

the industry needs competent employees. This goal will cover the staff training and objectives of development of the company. Training of new hires will help minimize reckless mistakes in day-to-day activities. Despite having hired one accountant for score keeping, Mountainside can also check with the various branches and hire another accountant for proficiency because of the other divisions.

The primary goal to be set in this case is profitability;

Being in its 37th year and having recorded significant success in the previous years it will be time to increase the annual sales by 10 percent or at least land two new accounts now that it has merged with other two companies (crafts and furniture).

Additionally, there is the necessity for the enterprise using high impact marketing strategy

that will enable it to use the little budget to improve. It should test new tactics to see which performs before it’s added up to the marketing mix.

Finally, staff motivation

the company’s staff needs to be motivated, and this is achievable in various ways that include better communication and empowerment.

Improved communication:

the manager should talk with them more frequently through face to face, because it will make them know that they are valued appreciated. Empowering them, this involves the chance you give them for a say on how they do their job.

Finally, provision of incentives

they are the best motivation boosters they can be in any form like gift cards, tickets to movies and another payday off.

Conclusion

In conclusion, to boost your company and make greater profits, there is the necessity for putting into practice the strategies such as setting goals and objectives, marketing strategy and motivation. Will not only the company stay on top of the business but also remain as a good example for the other companies.