1. Product Procedures and Introductions
In practice, this implies that the management team must develop and adhere to the policies and procedures that guide the process of introducing a new commodity (Henry 2008). ... First and foremost, the policies must ensure that management and stakeholders from different departments, including accounting, risk, line management, quality assurance and internal audit team work together to vet, evaluate and recommend the product for top management to approve. ... Besides considering the commodity's strategic fit with the firm, successful management consider the institution's customer base...
- Word Count: 9702
- Approx Pages: 39
- Grade Level: Undergraduate