Management accounting Essay Example | Topics and Well Written Essays - 1500 words - 16

Management accounting - Essay Example e of the company to be enhanced the market has to be assessed which would involve trying to find out its customer preferences; this is done with the aim of trying to stabilize the sales, which has been fluctuating since the year 2008 to date. The growth in total assets may also be because of poor circulation of inventory, which is not healthy for the operations of the business. This report will further asses the ways that the company needs to employ its differentiation strategy apart from simply having large stocks for the sake of increasing prices, timely delivery and long lead times (Bates, Greenwald & Morrissey 2009). The company needs its inventory to move hence the main strategy is to expand its operations in terms of employing qualified personnel, look for incentives to control employee turnover and modernize its operations. As it stands, the company operates its operations in a very crude way, which has to stop by way of formulating organizational procedures and clear manageme nt structures. Bond Motorhomes a company that was formed in 1973 to repair and motor homes and caravans decided to expand its business in the year 2000 and into conversion of vans into motor homes as another way of doing their business. In terms of capacity and operations, the company did not change significantly, as it is reported that it maintained the repairs department, which was the pioneer to act as an attraction to customers. As a result, of this plus other factors the company performance in terms of sales turnover has been fluctuating a lot. The company has a major issue concerning maintaining its employees due to unclear employee management structures. It is true and understandable that the company still has small operations and it is a fact that the company has prospects of growth (Baxter & MacLeod 2008). This calls for the management to streamline all the operations of the company, formulate a plan of action, enact ways of recruiting employees and devise a way of recruiting