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What could be some ramification of waiting to observe actual cost?

What could be some ramification of waiting to observe actual cost?

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Expert Solution

Ramifications of waiting to observe the actual cost are as follows-

A. The company can be suffering huge losses in case of adverse economic cycle because they will not have an estimation of the changing cycle of the economy and cost of the overall business will be going up and it will impact negatively.

B. The company will be losing out on many prospective projects and it will not be preparing in advance and it will not be able to maximize upon its opportunities because it does not use the predictive analysis in its business.

C. it will also lose a significant chunk of its human capital if it does not adjust to the changing environment and it is not able to predict the changes in choices of individual employees and the cost of business will be going up due to inclusion of new employees.

D. It will be not using budgetary analysis approach in its overall business and it will stick to traditional management of business which can lead to risks related to existence

E. the business will not be able to maximize upon its core competitiveness and it will not be able to gain additional portion of the market share.

jeff jeffy answered 2 years ago
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