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a. Give three examples of products with direct network effects. What strategies might a firm use to achieve a critical mass of users? Provide at least two real-world examples of successful strategies.
b. Give three examples of products with indirect network effects. What strategies might a firm use to achieve a critical mass of users, and how would they implement them? What might be different from the case where a product has direct network effects? Provide at least two real-world examples of successful strategies.
c. Some observers of the smartphone industry, when comparing iPhone, Android, and Windows Phone, have stated that quality of the product doesn't actually matter that much in this industry, since the network effects are so large. Do you agree with that statement? Why or why not, or to what extent? Explain, and elaborate on how network effects apply to smartphone operating systems. Is it a direct or indirect network effect?
d. How might a market with powerful network effects benefit from product standards? Describe three ways in which a standard might arise in the market, and discuss two strategies that a firm could use to try and get its product adopted as a standard.
If business is expected to improve in one year, are layoffs financially justified? What costs are incurred in a layoff that are difficult to estimate in monetary terms?
Discuss your thoughts about just-in-time materials management, its value, shortcomings, and provide an example of where it may be implemented. Below is a brief discussion of JIT vs. MRP. Two approaches have had a major impact on inventory management:..
What is meant by an “agency cost” or “agency problem”? Do these interfere with maximizing shareholder wealth? Why or why not? What mechanisms minimize these costs/problems? Are executive compensation contracts effective in mitigating them?
If you look at a manufacturing environment which has a product or group of products how is it produced? What is the process; describe in detail? A1) How many steps in the process, A2) what takes place in each step of the process. The key to process a..
The publication team for an engineering department wants to improve the accuracy of its user documents but is unsure why documents are not error free.
Describe how a manager would approach ethical decisions according to each of the three views on ethics.
Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. What is the percentage change in labor productivity from Apri..
What is the value of the multiplier? As the marginal propensity to consume increases, what happens to the value of the multiplier?
Describe two products that you think appeal to compulsive consumers. Articulate whether you think it is ethical or unethical to market these products to these consumers. (expand in depth)
An accountant believes that a company’s cash flow problems are due to outstanding accounts receivable. She claims that 70% of the current accounts receivable is over 3 months old. A sample of 120 accounts receivable revealed 78 over 3 months old. Ver..
Calpal is a small manufacturer of a special engineering workstation. The company operates one plant with a monthly capacity of 3,000 units. In addition, 750 units can be produced on an overtime basis, which is 30% more expensive, on the average. The ..
Choose a large organization that sells a product or multiple products. In a 2-3 paper, provide an overview of the company. Next, analyze that company and its products in terms of product and service quality, costs of quality, total quality managem..
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