Decisions Areama must make that impact effectiveness and efficiency

Sample Solution

• Product portfolio management: Areama must make decisions about which products to focus on, which products to discontinue, and which new products to develop. These decisions can have a significant impact on the company's effectiveness and efficiency. For example, if Areama focuses on products that are not in high demand, it will not be able to achieve its full potential. On the other hand, if Areama discontinues products that are still profitable, it will lose revenue.
• Pricing: Areama must make decisions about how to price its products. These decisions can have a significant impact on the company's profitability. For example, if Areama prices its products too high, it may not be able to sell enough products to cover its costs. On the other hand, if Areama prices its products too low, it may not be able to generate enough profit.

Full Answer Section

• Production: Areama must make decisions about how to produce its products. These decisions can have a significant impact on the company's efficiency. For example, if Areama uses inefficient production methods, it will not be able to produce its products at a low cost. On the other hand, if Areama invests in new production technologies, it may be able to reduce its costs.
• Distribution: Areama must make decisions about how to distribute its products. These decisions can have a significant impact on the company's reach and its ability to meet customer demand. For example, if Areama relies on a single distributor, it may not be able to reach all of its potential customers. On the other hand, if Areama uses multiple distributors, it may be able to reach a wider audience.
• Marketing: Areama must make decisions about how to market its products. These decisions can have a significant impact on the company's brand awareness and its ability to generate sales. For example, if Areama does not market its products effectively, it may not be able to attract customers. On the other hand, if Areama invests in effective marketing campaigns, it may be able to increase sales.
• Human resources: Areama must make decisions about how to recruit, train, and retain employees. These decisions can have a significant impact on the company's productivity. For example, if Areama does not hire qualified employees, it may not be able to produce high-quality products. On the other hand, if Areama invests in training and development programs, it may be able to improve employee productivity.
• Technology: Areama must make decisions about how to use technology to improve its operations. These decisions can have a significant impact on the company's efficiency and effectiveness. For example, if Areama does not use technology to automate tasks, it may not be able to keep up with its competitors. On the other hand, if Areama invests in new technologies, it may be able to improve its efficiency and effectiveness.
• Financial management: Areama must make decisions about how to manage its finances. These decisions can have a significant impact on the company's long-term viability. For example, if Areama does not manage its cash flow effectively, it may not be able to meet its obligations. On the other hand, if Areama makes sound financial decisions, it may be able to achieve its goals.
• Risk management: Areama must make decisions about how to manage risk. These decisions can have a significant impact on the company's ability to survive unexpected events. For example, if Areama does not have a plan for dealing with natural disasters, it may be severely impacted by a major storm. On the other hand, if Areama has a comprehensive risk management plan, it may be able to weather unexpected events.

By making sound decisions in these areas, Areama can improve its effectiveness and efficiency. This will allow the company to achieve its goals and objectives.