Answer to Question #229645 in Management for Dot

Question

there is always a chance of failure or breakdown occurring. use relevant EXAMPLES, and explain the different type of failures you are likely to encounter in the jeans manufacturing business. give 7 examples

Answer 1

1. Lack of proper marketing and selling: This is where one lacks enough time and resources required for jeans products to be sold. For example, a lack of money to advertise for jeans will lead to failure in selling.
2. Unreasonable Costs: Here one is likely to face costing and forecasting backward. The customer is likely to pay for the jean products based on their value and preferences. For example, a customer may deny paying the cost, when one is too expensive and does not want the customer to negotiate.
3. Lack of delegation tendencies: This is where one wants to do everything alone. In business, you need the help of others and cooperation to accomplish the jeans orders. For example, one may burn out and not become efficient and effective in meeting deadlines.
4. Lack of a budget: most businesses fail due to cash flow problems. A budget is necessary to ensure that the cash required is available and utilized according to the business plan. For instance, buying unnecessary items leads to define failure.
5. Weak supply chain: most of the local supplies are limited, hence making the manufacturing of jeans a problem. For example, those who rely on outsiders for supply materials end up spending a lot of money leading to a lack of maximum profit-making hence fail.
6. Poor human resource management: lack of effective and efficient human resource managers, can lead to failure in jeans manufacturing. For example, a manager who does not know how to motivate workers, employees become demotivated hence do not perform well leading to failure.
7. Lack of conducive working vicinity: if the environment is not conducive, one may not deliver in the jeans production. For example, hatred among workers may lead to failure.