Issues facing the Eureka Company
Major issues facing the Eureka Company include competition, profit margin, and demand on the products. About the competition, the company has to get into innovation. By this it has to make sure the products manufactured or made are of high quality and that they serve the customers accordingly. Customers will tend to go for the best product. So the Eureka Company is facing stiff competition from the local brands that are also in the market trying to satisfy the needs of their customers.
At the same time, the company will always work towards increasing the profit margin. The sales made in the market must be way too much to cater for the costs and the losses made during the production. So the Eureka Company has to invest more in the production to get promising profits due to quality manufacturing.
Considering the demand for t-shirts, mugs, and sweatshirts, then the production process has to consider the competition. The competitive pressures the business. The other brands work to get the best in the market. So the business itself must look into machinery and hence therefore innovation. New styles are coming into the market. The fashion matters a lot but the financial status is also a clue. The company to be part of the current fashion has to be ready to get the best machinery. By this, it means it has to spend on machinery before the actual sales, which at times may not be promising.
The product is not the only thing to consider. The decision making on the strategies to put forward is essential. The whole idea is tough due to the many shareholders that usually disagree on an issue. Eventually, that may not necessarily lead to losses but a low profit.