All must recognize the significance of conserving natural resources at present. Environmental protection is a practice of protecting the natural environment on individual and organizational levels, for the benefit of humans beings and other living beings. Waste production, air pollution, and loss of biodiversity resulting from the introduction of invasive species and species extinction are some of the problems related to environmental protection. Natural resources provide so much of benefits for current generation as well as future generations. At present Educational institutions offer courses, such as environmental studies, environmental management and environmental engineering, that teach the history and methods of environment protection. Therefore, everybody should realize their long-term goals and objectives will be better served in the event they help to protect the natural resources. Protection of environment has been recognized, and governments have begun placing restraints on activities that cause environmental degradation. People have to realize with their day to day activities can affect the environment around them. Whatever business or personal activities people are carrying out everybody priority must be given to environmental conservation. As a result of the pressures of population and technology, the environment being besmirched. It is significant to keep environment tidy and Beautiful for the people to live happily. Protection of the environment is needed due to various human activities such as industry. In order to environmental protection to become a reality, it is significant for societies, organizations and governments to develop strategies together and implement environmental protection decisions.
Strategic Objectives of a Company
It is utmost importance the strategic objectives of any organization. With strategic objectives the company can measure its progress towards achieving its vision and mission and would give direction to its staff which in turn would enhance productivity of the company and reduction in clashes of ideas of its employees.
Key strategic objective of any company is to expansion of business activities. In this direction, it is necessary to motivate employees in order to contribute towards achieving of company objectives. Furthermore any company targets of maintaining accreditation in terms of quality of services and to implement favourable ratings from reputed rating agencies in an effort to enhance customer confidence of the company. Any company aims to enhance net earnings for its shareholders. Further company aims to incorporate sustainability element in its operations being considerate on the environment.
It is significant to communicate these objectives to its employees and motivate them to contribute to achieving objectives by adhering to the laid down broad goals.
In contemporary competitive business world, customers have a number of choices with regard to purchasing services and products. Various attributes are taken into consideration by different customers when choosing products and services.
In products or services there are major attributes for companies to achieve competitive edge by keeping in position of their products and services with each attribute. These attributes are introduced as competitive priorities. These are recognized as performance objectives in operation management perspective.
It is an important aspect the cost of services or products. Specifically cost is significant in any industry, Therefore any organisation must be cost conscious in order to retain its customer base and also to gain new customers.
Flexibility and speed of operations of new product or services in a company tends to be lesser. New product development which flexibility aspect goes through a vigorous assessment procedure.
Introducing New Products
Companies in contemporary world understand that innovations are vital for their survival. As such it is significant to find a balance between maximizing the benefits of existing products and introducing better products into the market. It is necessary to coming up with new concepts and ideas, doing continuous research on the market as well as consumers and analyzing the results designing and developing products and services. The final step is the marketing of the product. Successful companies have a systematic way of introducing new products and services to the market and prepared well in advance for any eventualities that may arise. Introduction of new products and challenges are discussed in this case study.
Bringing new product or service to the market is a challenge and initial stages this challenge is to survive in the market. As the times goes by the challenge differs and it is to increase the sales. In every challenge there is scope for growth and there are opportunities. It is necessary to face the competition in the market and due to the ever changing nature of market, advancing of technology, it cannot afford to be behind the competition when it is introducing a new product or service. When the market is changing rapidly product or service also must fit into the change.
Effective Communication is the key to the success when introducing a product or service to the market and it is necessary to communicate effectively to achieve the common goal which is making profits. When introducing a new product or service to the market a press relase plays a significant role. News releases are indicators of product or service development and prospects and provides information for the consumers.
When marketing a new product or service launching awareness program can have an impact on consumers.Marketing plan plays a pivotol role by displaying information a company plans to achieve its objectives and goals.
There are several critical factors to be considered when introducing a new product or service such as competition, ideal customers, unique selling proposition and advertising etc. “ Half the money I spend on advertising is wasted, and the problem is I do not know which half ” British founder of Unilever Lord Leverhulme once stated so it is necessary to invest money on advertising in proper way otherwise it is only wasting money.
There are many reasons for a new product or service in the market to fail. It is necessary to do research beforehand about the product or service idea and consider the outcome of research. Sometimes reason for failure is wrong pricing or distribution methods. In the other hand advertising may not be effective. Successful product relies heavily on research and solves many problems in advance.
Research of the market is extremely significant. It is also necessary that information and data collected and analyze them in order to decide the direction. It identifies the needs of the customers, their choices, features of product or service, pricing structure and distribution. They are critical factors to decide in advance prior to introducing a new product or service to the market.
Another area of significance is the process of coordination. When the advertising is going on and with the increase of demand, products must be readily available in the market. It is necessary to make a time frame and stick to it in this connection. There are many instances new products are announced by companies and then no adequate supply and again announce non availability and as a result company loss credibility, loss sales and product or service introduced to the market can be a failure.
In the event the product or service is successful manufacturing capacity must be there to cope with the demand of customers. Quality testing system must be a continuous process and also need to attend to customer complaints on time in order to satisfy the customers. Therefore, after sales service is vital to address the customer’s issues and complaints. It is also necessary to make sure that the sales people are comfortable with the selling of the product or service as they are the key people who are taking the products or services to the consumers.
Market Leader
In the event the Company needs to be in the position of Market leader it is necessary to n increase revenue, increase profit margin. For this purpose it requires to reduce cost and expenditure.
- Company always interacts with outside world
- Stakeholders are much more interested on environmental issues.
- The company should be very much concern about the waste it leaves to the environment.
- Key factors in Company success is the sustainable growth
- Cost saving is also a key factor for the progress and development.
- Success of Company depends on the competent of its employees to a great extent.
- It is necessary for the company to have its managers and key officials motivated to get maximum from them for the development of the company
.Highly trained and motivated, inspired employees are the key factor to
- produce innovative products and services
- Exceed the expectations of the customers
- To win new customers
- To retain the existing customers.
A company needs to continuously training its employees and it should consider not as expenditure but as an investment. Any company requires following factors for success and growth
Constantly endavour to increase revenue and profits
- Proving superior customer service and retaining existing customers
- Introducing new products and services
- Introducing new organisation structure in order to achieve results
Continuously striving to reduce cost which will pave the way for offering low cost products and services to the customers and with the low cost the Company can reach to a larger customer base.
Not only low cost but the products and services should be high quality in order to retain the customers who have purchased products and services from the company.
Any company should adopt new initiatives to reducing resources use and prevention of pollution and damage to the environment. In order to achieve this purpose following are required.
Recruitment policy to have the best employees possible.
- Training the existing employees to the maximum level
- Increase the productivity to the maximum
- Reduce costs and expenditure
- Enhance the quality of the goods and services offered
- Increase the profit margins for the shareholders
There is no doubt that practicing the above any company will be able to reach its goals and objectives in order to become Market Leader
Peace
Among all difficult situations, resolve to be in peace.
Follow the example of nature. Wind is blowing, rain is pouring, sun shines bright treating all equal. When there is rain you have to be ready with an umbrella, for cold you must have necessarily amenities for protection, for bright hot sun, you have to find a shade or cool air.
In life too all worries, disappointments, frustrations are all in the way and you cannot avoid them. You must find protection and face them with a calm and quite manner. Without allowing frustrations to control your life and making it miserable.
Today is the most precious day of your life and spend that day giving its due worth. You might find grandest opportunity at any moment. New possibilities are popping up all the time continuously.
Nothing to worry if you fail or one door is closed. There are thousands doors will be opened in front of you if you have the confidence on yourself. Love your own life again.
You keep your target as happiness and peace, then your life will be filled with everything you want.
If you pursuit material things, money or power, it is inevitable that your life become a struggle. Take a deep breath and realize who you are and stop to be in the present moment that is precious and only time you have.
Then realize what a vast possibilities available at your hand.
Invitation to be an Agent
I wish to invite you to Join our Company whose main focus is to create business relationships with companies around the globe in order to assure the development of a sound business dealings with the highest standard of best business practices. We are one of the largest Companies in Sri Lanka , with substantial private and corporate investment portfolio.
We are privately looking for agents and management experts who will be willing to act as our agent in your country.
Also involved in the referral business, promoting recruitment service institutions, and providing finances, loans, sponsorship, joint venture or procuring investments projects that have not been initiated private and corporate investment portfolios.
Currently have a back-log of an Excess Maximum Return Capital Profit of an average of 0% on each private investment and corporate portfolio under our administration and control now to put it under the management of private businessmen and corporations with good business ideas that can generate at least 10% ROI per annul over maximum of 5 years duration. The fund will be disbursed based on a clear loan of 3% interest rate per annul for 5 years renewable.
All sign-up contracts, briefings and investment portfolio management files will be handled by our company.
In the event you want to participate and to be an Agent of our Company for further and other details please contact the undersigned.
Travel Destinations
Sri Lanka has an extraordinary variety of places to visit within its modest physical dimensions, a natural environment of such scenic beauty and diversity. This Island has more than two thousand years of recorded history, and the remarkable achievements of the early Sinhalese civilization can still be seen in the ruined cities and great religious monuments. The glories of this early Buddhist civilization continue to provide a benchmark of national identity for the island’s Sinhalese population. Long-established Tamil population in the Northern Province of Sri Lanka have established a vibrant Hindu culture.
Sri Lanka has attracted travelers for centuries. Marco Polo described Sri Lanka as the finest island in the world because of its natural scenic beauty. Indian, Arab and European traders and adventurers came to Sri Lanka in search of rare spices and precious stones. Sri Lanka is an island floating in the blue waters of the Indian Ocean and the Bay of Bengal. Around the Island over a thousand miles of beautiful golden beaches fringed with coconut palms. Most of Sri Lankan tourist hotels and resorts are located along this attractive coastal belt.
Nature lovers compare Sri Lanka to a teardrop falling from the tip of the India. It is in the shape of a pearl and name given to the island was Pearl of the Indian Ocean. Arab traders named Sri Lanka as Serendib and this country was identified by the British in English word “Serendipity”.
A compelling variety of landscapes ranging from wildlife-rich lowland jungles, home to extensive population of elephants, wild animals and rare endemic bird species. Nuwara- Eliya or “The Little England” of Sri Lanka is set against beautiful background of mountains, valleys and waterfalls. All around Nuwara-Eliya, you will find evidence of the British influence in cottages or mansions. The Victoria Park in the middle of the Nuwara-Eliya town is an exquisite place for a picnic and is also fine for bird watching as you can find some rare species of birds.
Sri Lanka has a reputation for its Gem industry. Some of the rarest of gem stones of exquisite beauty have taken pride of place, in the Crown jewels of Kings and Queens from the time of Great Roman Emperors.
Sri Lanka is now experiencing peace after three decades of Civil war and although the physical, political and human scars of war still remain, however, tourism industry in Sri Lanka is progressing rapidly more and more tourists are attracted to Sri Lanka from all over the world.
Sri Lankan people are warm and friendly throughout Sri Lanka the hospitality of Sri Lankan people will help you start lifetime friendships. We offer all the specialized services required to run a world class operation, providing customers with adventurous, educational and fun trips that make them yearn to come back again and again. We can proudly say that creativity and thoroughness are the most important part much more than a tour operator, our company gives the opportunity to feel warmth and friendliness of Sri Lankan people with the professionalism that always characterizes our unique services.
Procurement
Purchasing of goods services and materials are the responsibility of Procurement. The target of this arm of the company is to get quality products for minimum cost. Supply chain management and supply chain risk management are involved in procurement. Procurement section of the company is responsible for obtaining the materials at the right assembly point at the exact time of production. Therefore this section must be handled by the experienced and expert employees. They must know how to coordinate all functions of the company With the advancement of computer technology and Information technology this section should be fully computerized and web based procumbent section is a must to fulfill the contemporary requirements.
Advance technology is significant in achieving competitive benefits. The company has to understand this fact and had commissioned an assembly plant equipped with advanced technology so that items could be produced with highest quality standard at low cost. Just in time manufacturing philosophy does not involve incorporation of advanced technologies. Supply chain management is linked with the e plant whereas inventory requirements are communicated to the suppliers when needed with the plant whereas inventory requirements are communicated to the suppliers when required automatically there suppliers to deliver the materials at assembly point. Further supply chain management marketing, customer relations also can be well incorporated with the advanced technology.