...very important part. Many businesses understand that you must first have a good relationship with your customers. Each and every business realized that they must be able to work out a way to reach and win new customerss. In reaching their customers, many businesses well research and layout a clear and precise objective of explaining ways at how they would go about doing so. Many businesses invest in a lot of time and money in advertising their products/services in various ways. For example, some may promote their business by having their own personal website, creating flyers and business cards, designing a television or radio ad and etc. They also willing to cope with the changes in the economy and take advantage of opportunities that do arise. And in many cases the job paid off. In being successful, many have also had to be realistic by setting measurable objectives, deadlines, defining responsiabilities, and considering their budget (ArticleBase, 2011). Next, businesses show the need to strongly identify their customer’s needs and wants. Businesses does this by determining the demand for the product/services, as...
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...disruptive innovation. Firstly I will write about what dualism is, why it is important and how to achieve it. I will continue with describing difficulties, which may occur on a company’s path towards it, namely overshooting and inability to recognize the start of a new industry cycle. Further on, I will go deeper in the reasons, why incumbents fail to recognize the new entrants on the market, specifically “attack from below” and other discontinuous patterns of change. In the end I will describe some of the responses taken by established companies to disruptive technologies. In today’s world when competition is such a big factor, organizations must face the paradoxical challenges of "dualism" to be able to compete in long term. Dualism means being able of functioning efficiently today while innovating effectively for tomorrow. To compete in the long term, every corporation must understand and manage both sets of concerns simultaneously. (Paap, Katz, 2004) If the companies do not manage to face the challenges of dualism, they make themselves potential victims of disruptive technologies. Hence, achieving dualism means successfully surviving disruptive technologies. The first step a company has to make towards that is recognising them, but why it is so difficult for incumbents to recognise disruptive technologies? A limitation companies face in process of achieving dualism is overlooking the emergence of new markets. In fact, even though managers spend a lot of time trying either...
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...1. (TCO B) Your company has developed a new educational electronic game. Your target market is 4-6 year old children. What research methods would you use to test this product concept? Choose at least three methods that you believe will provide valuable information, and describe your research strategy. (Points: 22) Our company has developed a new educational electronic game that is targeted to children age 4-6 years old. The following research methods will be used in order to test the product among the targeted consumer market. the company will use a combination of observational research, Internet surveys research and personal interviews. Observational research will be collected in order to see the human component this will show how children will be interacting with the product. The researcher will enter the situation and observe the behavior while recording the data. Several observers will work at the same time to establish inter-observer reliability this will reduce bias as to one point of view. By watching these physical inter-actions, the observer can better understand how the product will be perceived and how consumers will use it. This knowledge will lead designers to improve the product as well as answer a variety of research questions. Internet survey research will be gathered from the parents of children ages 4 to 6 years old, this data will reveal their preferences and beliefs and essentially how they feel about educational electronics games. The survey will...
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...mergers and acquisitions fail, why do you think that executives keep making these horizontal integration moves? Although many mergers and acquisitions fail, I feel that executives keep making a horizontal integration decision because it makes the most sense to integrate business activities. If firms are involved with the same stage of production, and share the same resources it could seem more efficient, less costly, and convenient for separate companies to merge. 2. Please identify a struggling company that interests you and share why you are interested in this particular company. Then please identify how this company could benefit from a) market penetration, b) market development, and c) product development. I would like to discuss Sears in this section. Sears interests me because they once were a leader in department stores with one of the highest profits in Canada. Unfortunately Sears has been suffering due low profits and sales. a) Sears could profit from market penetration by introduction promoting new or existing products through strategies such as bundling, advertising, lowering prices and volume discounts. Sears does not do much or any advertising so, consumers do not shop at Sears simply because they do not know there are sales, or hear any promotion on products. Competitors such as The Bay, and Macys do great advertising on their sales and promotions. b) Sears has wide ranges of products but they could benefit more from market development. Although...
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...Why Do Strategies Fail? Everyday life is based upon this cyclical notion, which the event has already occurred before, maybe not in the same exact manner, but in a similar shape or form. Businesses operate under this particular notion because in order for a business to be successful they must thoroughly evaluate predecessor companies that provided similar products and/or services and to the same target market in which they are striving to become a part of. Most companies develop a strategic plan to become successful and ignore anything in relations to failure. So when the question is proposed, - Why do strategies fail? – Its simple, Strategies fail so that other strategies can become successful. One prominent reason in a societal belief of strategic failure is the lack of initial creation of any strategy; however, most companies do not create a formal plan before starting their endeavor. Whether they created a plan or not, the lack of creation of a strategic plan is not indicative of failure. The things in which places an obstacle in the effective and efficient implementation of a strategy is a companies’ external threats, inability to response to the threats, uncertainty about the market segmentation in which they are striving to appease, and lack of any congruency within the managerial team. Companies notice signs of failure such as, imitation, substitution, holdup and slack, but many time ignore them because of there overtly confident in the companies success; on the...
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...against two over cards, its six to five, or even money, either way. Then it’s all about the feel, what’s in your guts. (Cohen, 1998) Poker strategies can be useful tools for Executives and Managers in Business today. Business leaders have to be able to trust their instincts as they lead their corporations, departments, or teams. Many industries are rapidly changing and it’s imperative for leaders to be able to adapt. What makes some Executives successful while others are less successful? We see several companies and industries struggling while others seem to be thriving. Larry Bossidy, retired CEO of Honeywell, wrote: When companies fail to deliver on their promises, the most frequent explanation is that the CEO’s strategy was wrong. But the strategy itself is not often the cause. Strategies most often fail because they aren’t executed well. Things that are supposed to happen don’t happen. Either the organizations aren’t capable of making them happen, or the leaders of the business misjudged the challenges their companies face in the business environment or both. (Bossidy, 2002, p. 15) Many of today’s corporations have been ineffective in their strategies and tactics. Ford, GM, American Airlines, Delta Airlines, MCI, Global Crossing, All of these companies has filed bankruptcy in the past few years. Management has been unable to turn companies around. Let us look at three important poker characteristics good leaders must possess. The first is the...
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...founded in 1890, and the National Women’s Party (NWP), founded in 1913 and led by Alice Paul (Schultz,2012,pg.341-42). The second major historical turning point in this era I will discuss is the Stock Market Crash of October 1929. The Stock Market Crash of 1929 devastated the economy and was a key factor in beginning the Great Depression. Analyze the impact of the two (2) or more major historical turning points selected on America’s current society, economy, politics, and culture. The Women’s Suffrage movement had a major impact on society, economy, politics, and culture. In 1920 the Nineteenth Amendment was passed and women won the right to vote (Schultz, 2012, pg.342). The enfranchisement of women was the largest expansion of the voting population in American history, significantly increasing the American electorate. This movement opened many doors for women; they now knew that they had a voice and the right to speak on political issues within the government and allowed them property rights. The stock market crash of 1929 caused fear and panic throughout the country and resulted in the beginning of the Great Depression. All aspects of the economy were affected by this downward spiral in the stock market; it caused many banks and businesses to fail and have to fail for bankruptcy. Unemployment increased, which created a decrease in purchasing power for consumers and that led to businesses having to lower prices on merchandise. Many laborers were forced to choose...
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...business may be one of the hardest things one can do. There is a great amount of effort that goes into creating a business and even greater effort to make it successful. Before opening a business, owners are obligated to keep fresh, open ideas, have good management, and being able to financially sustain their business. Even this may not be enough to create a striving, successful business. There are many factors that go into whether a business is successful or a failure. One of the main reasons why small businesses fail is because of the owners/entrepreneurs themselves. This mainly goes for poor management skills that bring businesses to their demise. Owners who are stubborn, greedy, and self-righteous often don’t do what’s best for the company but choose what they think is the best. Also, owners who cannot operate their business financially are another reason for failure. Making mistakes such as paying too much in expenses including labor, rent and materials also factor into business failure. Businesses that don’t succeed often have poor accounting meaning there’s no organization of where the money comes and goes, and failure to have a backup plan financially. Another main reason for failure is not giving the people what they want. Entering a market that has low or no demand for their product is bad business planning. Advances in technology and a declining market also factor into the downfall of businesses. One of the main reasons why small businesses succeed is proper and efficient...
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...Mini-case 2 Letting Go of Lehman Brothers Question 1: Do you believe that the U.S. government treated some financial institutions differently during the crisis? Was that appropriate? To assure the financial stability and viability of the U.S. financial system, the U.S. Federal Reserve, the Comptroller of the Currency and the Federal Deposit Insurance Company (FDIC) have the responsibility to support, protect and buffer financial institutions whose failures, they believe, might have a significant effect on the market as a whole. Before making a decision about whether an institution should be poured capital into, the Federal Reserve will consider the institution`s collateral and the ability to repay loans. The Federal Reserve said that the companies that did receive bailouts, such as AIG, Fannie Mae and, Freddie Mac, clearly had the collateral and showed great promise of paying them back in the future, while Lehman Brothers did not. When Federal Reserve Chairman Ben Bernanke was asked how the Lehman case differed from that of American International Group Inc., which received $182 billion in taxpayer aid, Bernanke said there was a fundamental difference. They believed AIG, as the biggest insurance company in the U.S., had valuable assets which could back up the Fed's emergency loan. So the Federal Reserve will absolutely be paid back by AIG. However, Richard S. Fuld Jr., the former chairman and chief executive officer of Lehman Brother, said that they did have the collateral...
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...Introduction Google Inc.is one of the five most popular websites in the world. Google is a web search engine that lets you find other sites on the web based on what you type on the keyboard. Google also provides specialized searches through blogs, catalogues, videos, news items not forgetting cloud computing and also online advertising technologies. For your information, most of its profits are derived from AdWords which offers pay-per-click, that is, cost-per-click (CPC) advertising, cost-per-thousand-impressions or cost-per-mille (CPM) advertising, and site-targeted advertising for text, banner, and rich-media ads. In a nutshell, this extraordinary company is an American multinational company specializing in Internet-related services and products. Google was founded byLarry Page and Sergey Brin while they werePh.D. students at the University of Stanford. They collaborated and worked on a search engine called "Backrub." The name came from the search engine's use of back-links to determine page relevance. This is a patented algorithm known as PageRank. Brin and Page left Stanford and founded Google Inc. in September of 1998. During the 4th of September, they incorporated Google as a closed company. By the year 2000, Google was the world's widest and largest search engine. By 2001 it did something that eluded most of the dot.com business start-ups of the time. Google became profitable. . The organization’s mission from the outset was "to organize the world's information...
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...Valuation Fundamentals Table of Contents www.finaticsonline.com Table of Contents > > > > > Introduction – Concept of Fair Value – Who uses Valuation? Valuation & Wealth Maximization Valuation Approaches Valuation Methods Is there a ‘Best’ method? > > Which method is best suited ? – Public vs Private Company – By Scenario – By Sector Valuation FAQs – General – DCF – Comparables Press Alt, W, F for maximizing viewing area Equity Valuation Fundamentals Introduction – Concept of Fair Value www.finaticsonline.com At Finatics, we define Equity Valuation as “A process that involves determining „Fair Value‟ of a company‟s equity in order to assist buy/sell decisions for the purpose of Financial or Strategic Investment ” So what is Fair Value of an investment? How should the worth of an Investment be determined ? …(Contd) Put Simply, Fair Value is the price at which, one will get the desired rate of return when the investment is sold to a willing & able buyer. The worth of an investment is determined by whether it is meant for long term use to generate returns (i.e. Strategic Investment) or for resale when the „right price‟ or „fair value‟ is achieved (Financial Investment). The purpose of Valuation is to determine a fair value range of an investment (or capital asset) using one or more of several available techniques As discussed, investment related demand will be driven by expected return resulting...
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...subprime mortgage crisis. The downturn in the housing and mortgage markets precipitated the first phase of the financial crisis in August 2007 when the solvency of a number of large financial firms was threatened by huge losses in complex structured financial securities. Why did these firms have such high concentrations in mortgage-related securities? Given the information available to firms at the time, these high concentrations in mortgage-related securities violated basic principles of modern risk management. Introduction: This paper analyzes the role of financial institutions in the light of risk management and corporate governance in the events leading to the subprime crisis. This paper explores the following question: Given the tremendous advances in financial risk measurement and management, why was the solvency of large and complex financial firms threatened by large losses in the mortgage market? First, the subprime mortgage market was about $1.3 trillion. Even a very high percentage loss in this market seemed manageable, given the overall size of U.S. and world debt markets. Commonly cited reasons such as high mortgage defaults in 2006 and 2007 do not provide a sufficient explanation for why this particular shock led to a financial crisis and created doubts over the solvency of a number of major financial institutions. Some explanations emphasize the role of ‘irrational exuberance’ in the housing market, which led to a bubble that unexpectedly burst. Others cite the...
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...Critically analyses why a business can fail during the early stages of operation in a context you are familiar with. Bakr and Ellis(1987) There is no generally accepted definition of business failure,but from the economic approach,it can be defined as firm earning a rate on return on investment which is less than the company’s opportunity cost. Starting the new business at the beginning of stage is the most difficult period. There are no guarantee that the business is going to success or fail in the future, it all about how the owner of the business to handle the situation, catching the change in market,beating the competitor and making profit year over year.There are also thousands of new born business suffering from the failure period which lead to the company go burst and lose everything. The new born business can manly divide into two parts,the first one would be the Internal factors such as,financial problem,difficultly of getting trust from the suppliers, cost problem, management problem etc. The second one would be external factor,such as the business environment,government measures,taxation etc. So it is very important to know what exactly makes the difference between the succeed and a failed company and how the Entrepreneur is going to handle the situation to avoid the company go bankrupt and gain some experience form the failed examples to avoid the same situation happen when setting up the business during the first stages. There are also some positive and negative...
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...Registered Education Provider #2029 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. Preventing Project Failure getpmtraining.com 2 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. 1 Preventing Project Failure In this seminar we will cover: What is project failure? The impacts of project failure? The Top 10 problems that result in project failure • The cause of the problem • How to fix the problem • How to prevent the problem from happening again getpmtraining.com 3 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. Why do I.T. Projects Fail? Why do I.T. Projects Fail? getpmtraining.com 4 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. 2 Why do I.T. Projects Fail? Because nobody stops them from failing! getpmtraining.com 5 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. Iron Triangle Manage the Iron Triangle, or it will manage you getpmtraining.com 6 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline Solutions Inc. 3 I.T. Project Disposition I.T. Projects have a bad attitude. They WANT to fail. • • • • • New technologies are difficult to use or predict Aggressive time schedules Lack of resources First time, unique services Unrealistic expectations getpmtraining.com 7 Why Projects Fail v.2005.02.18 Copyright, 2004 © Centreline...
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...that businesses that fail to invest in e-commerce will lose market share to competitors that do invest? (40 marks) In this essay I will be discussing the extent to which businesses that do not invest in e-commerce lose market share to competitors that do invest. E-commerce is the trading of business online rather than through physical stores. There are several businesses that trade solely online. For example ASOS, whereas most businesses trade online as well as owning physical stores, these include Topshop, Next, etc. I will use these businesses to discuss to what extent is it inevitable that businesses that fail to invest in e-commerce will lose market share to competitors. One reason why it is inevitable that businesses that do not invest in e-commerce will lose market share to competitors that do invest in e-commerce is because of the improvement in technology. Several years ago when the Internet didn’t exist or when it was very limited, in order to succeed businesses had to own physical shops, as they were the only way of selling their produce. However, nowadays everyone has the Internet, therefore it is not always necessary for a business to own physical shops as customer can purchase items using their computers, which is much quicker and easier than searching through the shops, the Internet also opens up their target audience, allowing them to target a variety of ages. Therefore if a business does not invest in e-commerce then they will lose market share because customers...
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