Reducing Corporate Spending :: essays research papers

In today’s global market the appropriate use of resources is a must-do we heard that a lot, all the time administrators say so, accountants, all the people at the top of the pyramid agrees with this idea, yet companies usually have a double Standard position when it comes to define where the fine line of frugality ends and who should obey it. On one hand we have in the production area the idea that there’s always something there is to save money it goes from temporary-work-contract to really small inventories to name two. As a supervisor of a very important company once told me â€Å"We have been working effectively in the last couple of moths yet the profits of the company aren’t as they should be but, that ain’t our fault, it’s because administrators spend a lot of money when they meet with our clients, yes, I do understand that our clients’ satisfaction is really important but, they have to find a balance because it is fair to be accused of being inefficient while we produce so much.† On the other hand there’s this huge amount of money companies (marketing employees, sales employees, administrators) spend when they try to get a very profitable contract- in the best of the cases- from a very important customer and apply all the techniques there are to satisfy customer’s expectation. One of the most popular one is taking the customer out one night to â€Å"spoil† him in order to get the contract. As business magazine Newsweek March edition reported that most of the best contracts are not usually signed in the places one would suppose they are signed (such as offices, restaurants to name two), they are signed in nightclubs, bar, places that involve a very different environment from the places they met (customer-supplier). Corona’s supplier director explains, â€Å"Our customers are use to going out, to having fun, to being out of the work environment when they have to make an important decision that is just the way it is, there’s n o way we can change it, remember that â€Å"the client is always right† they expects us to entertain, amuse them, it’s hard work but, somebody has to do it† Both sides have very good points and the success of