Why would you make the item

Assignment Help Business Management
Reference no: EM131221564

Read the following scenario and then determine whether the firm should make-or-buy in this situation. Use the lecture and the book to determine the answer.

Your organization plans to introduce a new product in the next 16-18 months. The product will rely on technology about which your organization already has some know-how and equipment for. Although this product could open up new markets for your firm, you suspect that competitors are also making plans to enter this market. In fact, they are likely to have competing products out in the marketplace around the same time you expect to. Rather than compete on price, you feel that your firm's key to a strong market share will be how well you differentiate your new product from your competitor's.

Why would you make the item? Explain and discuss the reasons.

Why would you buy the item? Explain and discuss the reasons.

Make a recommendation in favor of make-or-buy, and explain why your chosen alternative is superior to the other.

Reference no: EM131221564

Questions Cloud

What are the contextual and behavioral attributes : How is the relationship among objects modeled in collective outlier detection?
Understanding of the material : To enhance your understanding of the material, before entering into the discussions be sure to review the online lecture, textbook readings, links in resources and watch the World Trade Organization video:
The required reserve ratio be raised to 100 percent : In the 1960s, he proposed that the required reserve ratio be raised to 100 percent. - How would this policy improve control of the money supply?
Can you extend the k-means method to handle this constraint : Where n is the total number of objects in the data set, k is the number of clusters desired, and δ in [0,1) is a parameter. Can you extend the k-means method to handle this constraint? Discuss situations where the constraint is hard and soft.
Why would you make the item : Why would you make the item? Explain and discuss the reasons. Why would you buy the item? Explain and discuss the reasons. Make a recommendation in favor of make-or-buy, and explain why your chosen alternative is superior to the other.
Determine the turns ratio of the transformer : Determine the turns ratio of the transformer. Calculate the peak currents, IR1, IL, and IZ. [Hint: Start with ????1 = ????(????) / (??1+??L)].
List the wordpress components and features you used : Describe the website structure and the purpose of each element (include snapshots and diagrams where appropriate). List the WordPress components and features you used in the development of the prototype
Team in the business of sport-fitness-wellness : Selecting a company/organization/team in the business of sport/fitness/wellness and determining how they use social media in their business by:
How could a bank earn easy profits : Suppose the discount rate is below the federal funds rate and banks can borrow as much as they want from the Fed. - How could a bank earn easy profits?

Reviews

Write a Review

 

Business Management Questions & Answers

  What is the stores expected roi

What is the stores expected ROI

  Virtue ethics and consequentialism

What are the main differences between the theories of virtue ethics and consequentialism? Which one of these theories is most aligned to your personal beliefs?

  Solve for the optimal daily mix of the three feeds

How many undergraduate and graduate courses should be taught in the fall so that total faculty salaries are kept to a minimum and formulate this problem and solve for the optimal daily mix of the three feeds.

  Several generations of a dominating nation

The Iroquois tribe is a diverse group of Native American Indians joined through marriage and adoption to create several generations of a dominating nation.

  Actions of a hospital in terms of legality

Could a hospital override the patient's belief if it is not in the patient's best interest. Meaning, could they force a blood transfusion and if so, do you think this is ethical and a good use of critical thinking?

  Organization''s competitive environment

Assess how an organization's competitive environment influences its strategic planning. Describe the methods for assessing and measuring the effectiveness of a firm's strategy.

  What strategies can be used to overcome those barriers

Explain what are some of the barriers to communication between people of different cultures and what strategies can be used to overcome those barriers?

  Address your response to mr wilson

You would certainly like to see Mr. Weber return as a Century Park guest, but you cannot budge on your smoking policy. Address your response to Mr. Wilson M. Weber, 634 Wetmore Avenue, Everett, WA 98201.

  Jim is a cfo of a mid sized construction company

Jim is a CFO of a mid-sized construction company. One of his key tasks is to ensure that the company has sufficient cash to pay its daily and hourly workers who are hired whenever need arises. The company operates all 365 days a year and Jim estimate..

  Impact of the european union of the business environment?

What has been the impact of the European Union of the business environment?

  Eliminating shortages and stockoutsit is really frustrating

eliminating shortages and stockoutsit is really frustrating to run out of stock. why wouldnt an organization always

  Devise a hypothetical business situation

Devise a hypothetical business situation in which buying a lookback call option on a commodity may be a sound strategy for you. How about a down-and-out call option

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd