Entities are subject to depends upon the effectiveness, both economic effectiveness and strategic effectiveness. In fact, whatever the organization does is to enhance their productivity from both financial and non-financial aspects. There are hundreds of organizations are working in the world, and every organization depends upon the working of their departments, hence every department matters for an organization, because every department works to push the organization towards the prosperity and effectiveness.
These strategies are crucial to enhance the strategic well being of the organization, not for increasing the bank balance of the companies, but these strategic decisions would be extremely effective for the company as far as increasing its long term benefits are concerned. The main theme of this paper is also related to the same aspect, as the theme initializes a certain topic which is as follows:
Why fares according to the seats position in a theater, but in cinema ticket prices are not related to seats positions
It means that some organizations are like theater, who would charge each and every customer, and in the end of the day they have nothing to left about. On the other hand, there are some organizations in which the prices of their products are not the same for every customer, in fact they would not charge price for every feature they proposed particularly. According to some management officials, customer orientation and retention are more than necessary for an organization, and there are some organizations that actually bears losses just because for the customer focus. Organizations have idea that the bargaining power of the consumers are increasing gradually because of the arrival of lots of new companies in different industries of the world. Therefore, in order to tackle with these challenges and escalating bargaining power, entities have come up with some strategies. There are two different prices have been charged in two different scenarios, like it is according to the seats position in the theater, while it is not related to the amount of seats in Cinema. The main reason between the pricing structures arises due to the personal interest of the individuals. Theaters are to appreciate new talent, because actors and actresses are performing in front of the audience, and they will be appraised from their appreciation and clauses. However, the scenario is totally different in Cinemas, in which the film has been directed before and just played in front of the people. The actors and actresses are not working in front of the people, as they are behind the camera. The productivity of theater depends upon the arrival of people, while the case is not the same for Cinemas. In this paper, the entire discussion would be revolved around the same thesis statement which actually depicts about the law of organization and theory of economics. It should be done with a step by step approach, as the report would be quite deep and interrogative in nature. This particular topic should be noticed, because with a naked eye both theater and cinemas are regarded as the same thing, but why they are operating with two different pricing strategies. There is a large amount of discrepancy found in the management of these organizations, and it is trying to deliver in this analysis. Readers can get a detailed idea about this discrepancy and huge difference among the pricing structure of theater and cinemas.
Sample Essay On Law Of Organization
Type of paper: Essay
Topic: Management, Company, Strategy, Innovation, Customers, Time Management, Organization, Theater
Pages: 2
Words: 550
Published: 03/10/2020
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