Weavetech Case Summary

The purpose of business has been profitability, which is greatly influenced by the performance of the organization. This has been the primary objective and purpose of WeaveTech in the competitive industry. Performance is solely influenced by the management decisions by the directors of the company. On the other hand, the management of WeaveTech is responsible for some critical activities that have a direct effect on the business. One of the primary roles is mitigating risks and ensuring that there is a flow of information among the employees and the top management among other functions. WeaveTech mainly focuses on enhancing their market performance to increase their profit margin in the market. However, the administration of the company has realized that achieving good performance is attributed to some factors in the market. In this case, focusing on employee motivation has been among the priorities of the
The manner in which risks are handled by the team is the most crucial thing that WeaveTech has learned in the market. In any market, risks are prevalent, and in many cases, if not handled well there is a greater possibility that the organization is like to experience a downfall in the short run. Some of the important things to share with the employees include the market statistics and trends. This is vital to the employees as they get to understand the problems that WeaveTech is going through in the market. In this way, employees can offer ideas on how to tackle the different situations and hurdles (Glowa, Spinks, Kuper, & White, 2016). Moreover, the management of WeaveTech focuses on the affairs of the employees which is creating a platform for the employees especially those who have been laid to build confidence between the existing ones with the future of the company. Creation of policies that will ensure that the risks of the organization are managed is another priority of