Brief Study on Eastern Communication

Introduction

Many businesses encountered problems that revolving around the functions of the business cycle. These business functions are the production, marketing, management or organization, and financial aspects. These business problems are common in every type of business and applicable in every size of the industry. Acknowledging the existence of these business problems makes the managers and the head of the organization enjoyed the solving of challenges. The people behind the business are measuring the capability in the business to endure different issues that keep on coming in their way. Even a business that already established a name in the other country faces the same symptoms of the business illness.

The Eastern Communication

The Eastern Communications was the first telegraphic services, commissioned to connect the Philippines to the rest of the world in a fast means of access. Over the years, EASTERN continued to invest in infrastructure, systems, people and global partnerships to expand and improve its telecommunication service. This led to the introduction of many firsts in Voice, Data and Internet innovations in the Philippines.The company has been selling and servicing all types of two-way radios, walkie-talkies and other mobile radio equipment providing for different clients like the government and private entities. Eastern is the kind of company that helps a business maximize the return on communications investment.

Four Function Problems

Managerial Problems

Managerial problem is not yet dead and they will not be gone and summarized as follows:

1. Difficulties in keeping abreast with the amount and rate of changes.

2. Focusing on the day to day stuff.

3. Crisis of all types handled without the necessary expertise.

4. Establishing accountabilities and responsibilities.

5. Exposing a variety of risks taking without the proper background information.

6. The management is affected by a fast changing environment that leads from an informal to a formal organizational structure.

7. Having no specialist board of directors that causing the lack of effective delegation.

8. Lacking of knowledge from some areas and no ready access to experts in those areas that is like a domino effect on the managerial skills and marketing or sales expertise.

9. The losing of organization’s focus, preparedness, and teamwork.

10. Incapability in pulse the economy and maximizing the utilization of resources.

11. Losing the chances to acquire or absorb another business to expand.

12. Not recognizing and implementing the structural changes required at certain points of growth in the manner of the business.

13. Unsettling of the priorities or keeping to them and sometimes the people of the organization became the victims of their own success.

There should be an effectiveness in the leadership ensures the business has selected good business strategies, creates plans with depth to planning analysis, a well designed business organization, efficiently operated and managed for continuous improvement. The executives or the management’s job is to implement a good judgment, make a decision, and lay out the plans.

Financial Problems

The financial problems in the business domain is summarized but needed solution to make the business keep on running like on hoe the car needed the fuel.

1. Cash flow difficulties.

2. Deliberate late payment by clients.

3. Unreasonable terms from suppliers and clients.

4. Debt collection and old debt issues.

5. High bank charges, high tariff, and exporting expenditures.

6. Continuous increase in the incurred cost.

7. Unwanted purchased of materials, acquisition of machines, and hiring additional staff.

8. Poor financial practices, too many expenses, and productivity issues.

9. Unaware of technological opportunities for saving costs and running the business more efficiently.

10. Unfair market competition in the other countries.

11. Sourcing the raw material or supplies appropriate at the right time and at a valuable cost. Adding the difficulties in finding necessary funding and loans.

The finance department requires money to keep it going and to ensure that the business considers the financial impact of decisions.

Sales and Marketing Problems

The business faces the sales and marketing problems should formulate a solution to support the existence of the business.

1. Client conflicts and competitiveness issues.

2. Lack of advertising strategy.

3. Losing clients and most of them are disloyal.

4. Disorganized sales efforts and failure in deliberating in the market.

5. Unsatisfying customer demands.

Production Problems

The problems in production sometimes come in a surprising way.

1. The sudden mess inside of the machines.

2. The lack of knowledge in operating new machineries.

3. Uncalculated disruptions.

4. The mechanical changes and failures.

Conclusions

If a business is facing certain problems and the solutions are available then, why keep on waiting? Better grab the chance and take the safety precautions if needed. The possible solution starts to the point of awareness in the existence of the problem.The minds behind the business should apply the current research they’ve done and understands the underlying consequences. It is important that they fully understands the behavior of their target markets. The business people should know well on explaining the impact of global competition, market forces and other factors that can affect the business’s life.

Sources:

Eastern Communications, Ltd., (2008) [Online] Available at: http://www.businesscoachingexecutive.com/business_problems.html [Accessed 10 Sept 2009].

Hawaii Pacific University, Business Functions Problems [Online] Available at: http://www.hpu.edu/index.cfm?section=undergrad23 [Accessed 10 Sept 2009].

Lever, R., (2008) Identify Common Business Problems: Poor Leadership, Business Management Issues, Weak Strategic Planning [Online] Available at: http://alzonline.phhp.ufl.edu/en/reading/ExecutiveFxLatest.pdf [Accessed 10 Sept 2009].

Doty, L., (2007) Business Financial Problems? Use These Money Problem Solving Tips. [Online] Available at: http://www.morebusiness.com/running_your_business/financing/ah_finprob.brc [Accessed 10 Sept 2009].

Common Business Problems [Online] Available at: http://businessmanagement.suite101.com/article.cfm/identify_common_business_problems [Accessed 10 Sept 2009].