Not Specified Essay Example | Topics and Well Written Essays - 1500 words

Not Specified - Essay Example On the other hand, when there is high capital resource then more investments could be made to set up the best production procedures and service provision systems, to enable them offer nothing but the best products to the consumer hence helping them build a strong customer base. It is however also important to notice that, the existence of these things such as capital and human resource which is seen as the basis of success and growth of a firm by many people would be useless when there are no consumers to consume the products or services been produced. In other words, it is the existence of consumers which determines whether or not the large human and capital resources possessed by a firm is needed or not. When firms are able to build a strong and established customer base, these customers help these firms to produce new and innovative products and services as a result of been able to identify some other needs of their customers and capitalizing on the trust built in them by their customers as a result of the long lasting relationship between the firm and its customers. Apart from these established customers leading or helping a firm to produce more innovative products, they can also help in improving already existing ones. From the article, you would realize that Hercules business as a result of supplying its military customers with explosives, gave them a good insight into the activities of their established customers, helped them in analyzing and figuring out some other needs or things their established customers need to be supplied with or use in their operation. This lead to the production of new companies such as the turpentine and pine oil and these products immediately after been introduced into the market had ready consumers for them since its production was motivated by the needs of some customers. This is

Background research on Center of Residence life Essay

Background research on Center of Residence life - Essay Example Center for Residence Life also organizes activities that are directly related to developing the surrounding environment and community near the campus. The number of staff working in the Center for Residence life is quite large and includes full time and part time staff members (Crawford, 2011). The main competitors of the Center for Residence life include community service centers and also other student activity programs within the campus. This is because as the center struggles to gather a loyal customer base, the students have a variety of activities to choose from and may not necessarily take part in the activities of the Center for Residence life (Crawford, 2011). Outside community activities also appeal to a huge number of students who are looking for fun and do not necessarily wish to be involved in community development. Also, clubs and societies reduce the number of students that het involved in Center for Residence life plans and activities. Participants in other clubs and societies find their participation time consuming and thus they cannot juggle handling another activity such as those organized by the Center for Residence life. (Crawford, 2011) The company’s customers mostly consist of students within the campus. This is so because the company was started in the campus and hence has a huge customer base from the campus. These students have either enrolled in the campus or are part of the campus alumni. Other customers for the company include students from other campuses (Crawford, 2011). This is in an effort to promote cross-campus interactions and build healthy relationship networks amongst students in campus. Community members around the campus are also part of the customers that that the company boasts of. This is due to the fact that the activities of the Center for Residence life are considerate of community development activities and thus involve the public in some of its