ABSTRACT
Most food-preservation technologists are bound to be employed in a commercial enterprise of one type or another at some time during their working lives. Even for those with entirely academic careers, there is still the issue of continuing demand for greater commercialism in the management of academic institutions. The work of technical staff can profoundly affect, both positively and negatively, the financial performance of most organizations. Sound technical developments can open up new business opportunities, lead to greater efficiency, and secure a stronger position in the marketplace. Of the many factors that impact on a business’s financial performance, the following are the most critical: Revenue, Costs and Assets employed. For a business to be successful, it must have sound processes, up-to-date and profitable products, and well-managed services. Successful companies, besides being highly competent in their respective technical fields, also need to be very skilled in business management.
