What are the common mistakes that companies make with respect to their business operations

[Stardom22]

One of the biggest mistake I see companies make is not having an effective inventory management system which can lead to lost revenue when products are out of stock.

 

[Bisolami]

One of the biggest mistake I see companies make is not having an effective inventory management system which can lead to lost revenue when products are out of stock.

I think the general mistake they make is that they are not innovative and if you're not innovative the business may remain static

 

[Niyi Briggs]

One of the biggest mistakes I have seen a company make is the haphazard sacking of staff.

 

[Shavkat]

If the company in status quo situation, that's the biggest mistake in the management. It will suffer and eventually, it will lead to a worst situation.

 

[Bisolami]

One of the biggest mistakes I have seen a company make is the haphazard sacking of staff.

This made a business that I know close because the owner sacks every off her workers who make a slight mistake

 

[Niyi Briggs]

This made a business that I know close because the owner sacks every off her workers who make a slight mistake

It is a terrible approach to management. You need to see past people's mistakes. And look at their strengths as a business manager.

 

[Bisolami]

It is a terrible approach to management. You need to see past people's mistakes. And look at their strengths as a business manager.

It is not a good approach and it makes the business close earlier than it is supposed to be

 

[hastral45]

The major problem companies have in their operation is the way their workforce are treated. They don't provide adequate welfare packages for them.

 

[Bisolami]

The major problem companies have in their operation is the way their workforce are treated. They don't provide adequate welfare packages for them.

That's true
And it is not nice. The way you treat your workers determines a lot

 

[rubesh]

1. Not planning or budgeting ahead: Companies that don't plan ahead or budget for their future operations can be left in a difficult position.

2. Not understanding the customer: Companies that don't understand the needs of their customers can end up developing ineffective products and services.

3. Not investing in the right technology: Companies that don't invest in the right technology can end up with inefficient processes and systems.

4. Not monitoring performance: Companies that don't monitor the performance of their operations can miss opportunities to improve.

5. Not training employees: Companies that don't provide proper training to their employees can end up with low productivity and morale.

6. Not paying attention to the competition: Companies that don't pay attention to the competition can be left behind in terms of innovation.

 

[eldavis]

One common mistake most business owners make is hiring does not qualified to hold certain positions simply cause they do not want to spend much in hiring the right person.

 

[Bisolami]

1. Not planning or budgeting ahead: Companies that don't plan ahead or budget for their future operations can be left in a difficult position.

2. Not understanding the customer: Companies that don't understand the needs of their customers can end up developing ineffective products and services.

3. Not investing in the right technology: Companies that don't invest in the right technology can end up with inefficient processes and systems.

4. Not monitoring performance: Companies that don't monitor the performance of their operations can miss opportunities to improve.

5. Not training employees: Companies that don't provide proper training to their employees can end up with low productivity and morale.

6. Not paying attention to the competition: Companies that don't pay attention to the competition can be left behind in terms of innovation.

Some companies are very bad at budgeting and it is not a good thing because at the end of the day they will spend more than what they are supposed to spend because they lack good idea of budgeting

 

[Passiveearner]

One of the biggest mistake I see companies make is not having an effective inventory management system which can lead to lost revenue when products are out of stock.

I think that not being able to manage funds and not being able to cut the expenses of the company is one of the main mistakes companies often make. This seriously hurts firms in a bad manner.

 

[Johnson2468]

One of the mistakes they make is not giving their workers continuous training

 

[Yugocean]

Choosing wrong way to advertise, this includes any celebrity which is hated, or abusing someone loved.

 

[cherry123]

The major problem of companies I have noticed is about the way workers or workforce are treated. They are sometime mocked and humiliated which is very unfortunate for some people

 

[SHAHID987]

For this question every individuals could have their own experience but in my experience, mostly management leave their workers late night and this is the key factor which demotivate the workers

 

[IB D]

One of the mistakes I see businesses make in operations is non standardization of production procedures. This results in non uniformity in quality of products.

 

[Niyi Briggs]

There is one organization I knew that used to sack staff with reckless abandon. The lady that owned the organization was high handed. She would sack a staff at the gate. Today, the organization is holding on to straws for dear life. That's because the customers stooped patronizing her because of that.