From the PEAS, it indicates that there is a higher possibility that the market will penetrate the existing market when it takes into consideration its prices, emotions, achievements, and service. The main aim of the company is to reach the new market and at the same time meet the unmet needs in the existing market, (Cooper, 2003). The only way, from the analyses that this can be achieved is through creating awareness, changing the current perception of the users pertaining the products and at the same time ensuring that the company maintains a sustainable development in the market.
Continual review of the company pricing policy will aid in meeting the needs of the market, and this will assure the uses that the products are affordable and can meet their needs.
From the DIL analysis, the findings show the form needs to incur initial incidental costs that will be treated as a sunken cost to put the operations in place. This cost will also affect the operation of the business concerning its activities, and at the same time, the way pricing of its products will be done. It is therefore essential to note that management ought to work towards attaining price leader and at the same time deal with cost dilemma.
From the analysis of GAS, It also indicates that governance will determine the future decisions of the company. Through having good management, good choices will help in meeting the required objectives within the shorter time, and the company will stand in a position of operation within the stipulated time, (Coyne, 1986).
From the DIL model, it includes the analysis of direct, indirect and leaders cost. Out of the direct cost, it is expected that the business will encounter various cost factors that it will increase the expected values of the company and at the same time, it has an impact on the profitability of the business. The first cost factor that the business will have is the cost of production, manufacturing, advertisement and reduced management costs. Out of this cost, it is the role of the leaders to manage the direct cost because they are the necessary cost to be incurred in production.
In every business and in any production way, the rationale behind every production is to ensure that these costs are mitigated, and product development costs need to be reduced. Product development is a process, and to raise the rationale and expectation of the business, managers need to mitigate such expenses. From the analysis, it shows that this cost is meant to increase the firm’s cots and act as cost drivers to the business. For example, with product development to product actualization, a direct cost that is attributed to the level of production, for example, machine management, and maintenance will be incurred. This cost will be mitigated when the right management and the right leadership is done. This costs will also be shaped by the manager’s ability to incur and control cost. For example with direct cost, managers do not have discretion over it happening, but they can take the leadership initiative to monitor and manage such costs. This method is only possible when leaders take the risk of incurring such cots with the intention of manage ant and controls.
Refers to the charges incurred by the business not directly to the production of body lection, but they are geared towards enhancing production. For example with research and development of the market and product demand need that the management has to incur this cost specifically to ensure that the needs of the market and consumers are met. Out of this indirect costs, for example, a Vacation cost has to be incurred for the sake of managers to learn the dynamics in the foreign market and be in a position to meet the standards concerning quality production.
Another cost that will be incurred in the organization is the cost of depreciation. Assets in business are expected to depreciate in value and at the same time be in a position to recover these costs. The reduction will be incurred for the sake of organizational replacement of the assets for production. Insurance and other expenses are also necessary because employees need to be compensated when the management incur such costs of damages. This insurance cost will help in protecting the employees so that at the end of it all the will be compensated in case of loss that may limit their employment. Insurance cost will entail payment of premium, and thus bonus will be used as the process of reimbursing the employees or the company upon the occurrence of perils that will affect the company.
Training and other costs are needed for the right leadership. Authoritative leadership style is essential to the management rather than dictatorial leadership style. This strategy is one of the main ways as to which the company will be in a position to manage its resources. The company will incur the management fee and salaries in ensuring that all the needs of the managers are met. Excellent leadership skills will help ensure that the company is managed in a way that it utilizes the resources in the company. By compensating the employees and managers, it improves in subordinating the individual interest to organizations interest to ensure continuity in the business and rationale management will be attained.
It is, therefore, necessary for a business to ensure that all the costs in an organization are attained by providing the rationality and control. Meaning, leaders will have to take the role of management and budgeting to monitor the expenses. Another team should ensure that planning is done in a timely way so that in the end they will stand in a rational way of utilizing the costs. Other management philosophy needs to be adopted for business continuity and to ensure that managers operate reasonably intending to provide that all the costs and management are done to ensure that the profits from the sale of cosmetics are maximized, (Kaplan, 2006).
This model will cover the pricing, emotions, achievements and survives. This pricing will include facilities, location, and price. The business strives when the ease in the accessibility of the site is realized. The facility also needs to be set with the aim of minimizing the cost incurred because of poor set-up. Installment payment needs ales to be facilitated on bulk purchases to ensure that all the cost needs are met. Prices also need to be set by segmentation and production process cost, (Lambkin, 2008). The owner needs to have in mind that all damage will be incurred, but a profit margin shield is substantial to cover all the costs.
There is a pain on the part of customers when the costs are high, minimizing these costs and pricing pain, it is the role of the business to act creatively, attractive, reputable and designed in a way to maximize the business objectives. When the managers in an organization know that its design has to be unique, they will be in a position to have an attraction and increase the sale. Therefore, with innovation, business will improve its creativity and new products will be produced. These products will help to solve the problems in the organization and enhance its competitiveness in the market (Noe, 2006).
For a business to be deemed successful, there is a need that it is required to have been met. This need includes the clients need, and it has to satisfy for factors. That is it needs to be reliable, have the right attributes and content, be customized by clients’ needs and finally, it should be easy to use. In making a product safe, the client needs to ensure that all the cost are met and to ensure that the geographical gap is minimized. The location of the business needs to be set in a way that it needs to be accessible and that all the participants can access the product and make the supplies as needed.
The presence of attributes has an underlying basis on the needs of the customer. For example, a customer would need a product that it is customized and it needs to be manufactured in a way that it will satisfy the client. For example, a product with a high constant of aloe needs to be made with pure Aloe Vera. This presence, therefore, will make the business do as what the client would need. In mitigating this risk, it is rational to act in a way that the company is set to meet the needs of the market. Customized products need to be charger higher than a standard product, and therefore the need to satisfy customer wants will be based on the required standardization in the market and the level of customization.
The easiness of use will be facilitated by the content and the way the product will be presented. The main aim of the client will be to meet such needs, and it will stand in a position of meeting these needs when its products are easy to use. The longevity stay in the market will depend on how the products will be compatible based on the clients. It is essential to ensure that the customers have to create the user and the standard products need to be made consistent and comfortable for use.
Services that will be offered by the company in ensuring the needs of the clients are met. This services provided will be a range of products, opening times, staffing and experts. Those people who are experts on meeting the needs of the client’s needs to ensure that all the costs are minimized. Engaging expertise in business will be in a position of meeting the client’s needs. It needs to be a range of staffing to ensure that all the cost have to be me and to ensure that all the range of products has to be offered. To ensure that services are provided in a variety so that all the needs and clientele relationship is maintained. It is, therefore, a rationale for managers to work towards attaining sustainability and offer products in a way that helps to increase the cost and ensure a more utility and production capability.