The Applicants Behavior and Personality Traits Research Paper

The Applicants Behavior and Personality Traits - Research Paper Example The aforementioned strategy can also be stretched further by setting up a manufacturing plant in developing countries in Asia. By doing so, the company will not only bring much-needed employment in the region, but it will also save the company expenses in manufacturing due to lower labour costs. Furthermore, the abundance of raw materials in the region will also provide the company with further benefits in terms of keeping costs at bay. By implementing such strategy, the company should be able to satisfy both its shareholders’ demand for profits, brought about by reduced costs and increased markets, while at the same time satisfying stakeholders in the community because of responsible advertising and management. Another important step that the company must take in its traditional market at home to improve performance is to repackage its products and update its look to appeal to the changing tastes and preferences of its consumers. However, in order to truly ensure the companyà ¢â‚¬â„¢s success in the long run, the company must diversify its products by manufacturing either new tobacco-based products to diversify risks or by manufacturing products, which could be consumed together with cigarettes such as cigarette filters, and the like. Manufacturing cigarette filters, for example, will not be too costly for the company because cigarettes already contain filters, hence, not much research and development will be required. In addition, this strategy will not only improve the company’s overall value, but it could also improve the performance of the company’s tobacco and cigarette products.