Create a Problem Statement

Create a enigma Statement Sangeetha Viswanathan MGT/521 February 28, 2011 Edward Foxworth III Create a Problem Statement Problem statement- Kathy Kudler is the founder of Kudler fine intellectual nourishments; she owns three specialty food chime ins in San Diego, California. She handles the core activities of the business herself, such as, the financials, blood line ordinance for all the three stores, expansion of the business and other Coperni fag business transactions. This approach was efficient when she had just one store, exclusively now that she has three of them, micromanaging the business will curtail the appendage of the business. One person cannot handle all these daily activities and overly plan for the expansion of the chain. Maintaining the financials is time-consuming, but rushing the process, will sink the accuracy. Whenever she is sick or on vacation, the business activities such as, inventory monastic orders, emergency issues and important business matters are put on a hold until she returns. Solution Kudler has to restructure her store management, such that the manager and assistant manager will be entrusted with more(prenominal) responsibilities than before. Financial management is the heartbeat of competitive businesses (Nickels, McHugh, McHugh, 2008, para 1).

some startup companies struggle to exist because of bad accounting practices bid R. J. Julia Booksellers (Nickels, McHugh, McHugh, 2008, p.1). Instead of, Kudler maintaining the financials herself, she can train the managers to do it for her. Once the periodic books are ready for one store, establish a operation so that they are sent to the manager of the other store, so managers can cross check and review the books. This way, one store manager will find the mistakes of the other manager and slouch it. One more benefit to it is; managers can maintain congruity in preparing the financial books. Instilling cross checking of the financials of the other stores can ensure all three financial books are maintained the same way.... If you want to get a full essay, order it on our website: Orderessay

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