Suprema Vehicles, a classic sports vehicle manufacturer in Northern Great britain, has had to manage a lot of problems during the last few years: 2. Firstly, the corporation began to shed sales and market share, and in the last 2 yrs, it has produced a reduction. * Secondly, the factory employees are disappointed with the present situation: They demand higher wages and better operating conditions. * And thirdly, the cars include suffered from a loss of top quality due to an elevated production. Consequently , Suprema Automobiles has to react quickly because otherwise they are going to go out of organization.
This kind of report can look at two possible alternatives for the business on how to solve these problems and increase its profitability. Moreover, it can give a few recommendations on tips on how to be able to stay competitive in the car industry.
First of all, the company is forced to raise additional fund from an outdoor source in order to put into practice the subsequent projects: 2. Suprema Vehicles should start its traditional sports automobiles in the United States. Thus, the company could increase the sales as a result of a larger focus on group (5. 1 million inhabitants in the uk in contrast to 310 million residents in the Usa States). Taking into consideration the financial circumstances of Suprema Cars, this may be a very inexpensive option. 2. In addition to the classic sport car, Suprema Automobiles should kick off an environmentally friendly, small car that uses the company's brand and design. With a small , dual energy car, the organization could entice new customers вЂ“ people who are in big urban centers but who also also arranged a high worth on environmental protection. Furthermore, rising energy costs and increased emissions regulations will definitely increase the demand for hybrid electric power cars, while hybrid engines are more gas efficient and less polluting than conventional gas and diesel-powered engines. Around the world demand for cross types cars can be estimated to reach four million units by 2015. 5. Suprema Vehicles has to...