Armed Robbery/Kidnapping
Artemis Sportswear Company has asked that our company look at how they could cut operational expenses to increase profit margins. During the interim of our research, the board members of Artemis have asked that our company look at their social responsibility to the employee’s and the community. Furthermore, our company considered what effects the Artemis’s decision would have on the employee’s and their productivity.
Cutting operational costs for increased profit margin will not happen over night. Our company has looked a ways that will give immediate and long-term results. Our company started with the Artemis’s overhead and office expenses. More drastic cost-cutting strategies, such as, outsourcing, and lay-offs were taken into consideration. However, we felt that it would be more beneficial to look at what the company could do long-term to increase profits. Our company identified the impact that these alternatives would have on the employees and their productivity. In concluding our research, the social responsibilities that Artemis Sportswear has to its employees and their community became apparent. Artemis Sportswear Company should consider our recommendations and implement them into the company to obtain the best results for cutting operational costs for the purpose of increasing profitability.
Overhead affects every company and is defined as, “the ongoing administrative expenses of a business which cannot be attributed to any specific business activity, but are still necessary for the business to function,” (investerwords.com, n.d.). Every company needs office space, and has utilities, and office supplies, such as paper, pens, and pencils’. However, not every company needs these supplies to be name brand or top of quality. Generic brand products have proven to be as good in most cases as their name brand counter parts, some even made in the same facilities (PrinterInk, 2008). Companies throw away their profits buying these...
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