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As the rate of innovation increases, companies face expanding product/service lines, shorter product and service lifecycles, and more frequent product/service transitions. All of these can bring tremendous value but also pose enormous challenges and risks. The article “The Art of Managing New Product Transitions” by Erhun, Gonclave, and Hopman (2007) from the readings for this module includes a matrix titled “Product Drivers and Risk Factors,” which focuses on Intel, a company that manufactures high-tech products (p. 76). Based on your readings and research, address the following issues: Redesign the product risk factor matrix so that the factors are appropriate for a services firm that delivers traditional tax accounting and audit services. For example, among the supply risks, assume that the company relies on individuals with specific knowledge of the tax law in the jurisdictions where its clients operate, be it state, federal, or foreign. Now, assume that the firm wants to develop a management consultancy practice. (Alternatively, you may choose to add a legal services line instead.). Create a separate new matrix that summarizes the additional risk factors for this firm launching a management consultancy or legal services line. What additional risk factors are you adding to your matrix? Explain how the business risks differ between traditional tax and audit services and management consulting services. In your opinion, what are the three biggest risks the firm faces if it diversifies into the new service line? Recommend whether the firm should organically grow into a consultancy service or acquire a third party to achieve new goals. Justify your recommendations.
Procurement Department refuses to make the last payment, although the funds are available. Considering the role of a PM in fulfilment of tasks, Can you suggest why procurement denies the payment.
On the way to Stop&Shop, you buy a lottery ticket and win $100,000. The catch is that the money will be paid to to you in two installments: $50,000 today, and $50,000 at the end of 5 years from now.
What are at least five new product ideas that could really increase new revenue for Olive Garden Restaurant? Explain why your best choice seems stronger than the others? Out of the ideas you list which one do you think would really have the best chan..
What is the recommended minimum number of vendors to have when you enter the evaluation and negotiation phases?
Choose a real world example from your workplace or personal experience of an assignment, distribution, or transportation problem. Describe the problem, factors to consider, and how we might solve the problem
Research a real product, and explain how it is a product of denationalization including the following:
Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential ..
Why do we see manufacturers of electronic equipment when it is first introduced utilizing a market skimming price strategy (also called "price skimming")? What you suppose is the rationale for charging a high price for the product upon its introducti..
1. How should stores approach inventory planning for Black Friday? 2. How should retailers plan the process of opening the doors and getting excited customers through checkout?
This solution offers a brief discussion of how theory is employed in scientific research.
Using your personal experiences, research from the course text, and at least two outside scholarly sources, complete a two-to three-page APA style formatted paper (not including the title and reference page). In a narrative format, the paper must ..
Revise the following sentences to use plain language and familiar words.
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