Considering market development versus product development

Assignment Help Operation Management
Reference no: EM131027392

If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider?

Reference no: EM131027392

Questions Cloud

Short-term healthcare treatment for patients in their homes : A home healthcare agency is one that provides short-term healthcare treatment for patients in their homes who are suffering from an acute condition/trauma. Read each sentence below, and write whether the data collection of the home healthcare agency ..
Determine satisfactory production sequence for unit : Swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is produced every 6 minutes. If mixed-model scheduling is used, how many of each saw will be produced before the cycle is repeat..
What should be the lines cycle time : To meet holiday demand, Penny's Pie Shop requires a production line that is capable of producing 50 pecan pies per week, while operating only 40 hours per week. There are four steps required to produce a single pecan pie with respective processing ti..
Service processes that involve considerable customer contact : What processes at manufacturing firms are really service processes that involve considerable customer contact? Can customer contact be high, even if the process only has internal customers?
Considering market development versus product development : If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider?
Overall strategy to build an effective business model : Imagine that you are a business manager for a mid-sized company. Propose one (1) overall strategy to build an effective business model in order to both monitor / control changes in business process and predict future business performance for your com..
Explain the process of obtaining these certifications : Quality has become the cornerstone of manufacturing today. What is Lean Six Sigma? Describe the difference between Lean Six Sigma Green Belts, Black Belts, and Master Black belts. Using any resource available (internet, textbook, magazine) explain th..
Hospital medical record is considered delinquent : A hospital medical record is considered delinquent if it is over 30 days past the discharge date by the physician that is responsible for completing documentation in it. How might a hospital administrator handle a physician on the medical staff that ..
About having a specific target market : If a company sells its products only from a website, which is accessible over the Internet to customers all over the world, does it still need to worry about having a specific target market?

Reviews

Write a Review

Operation Management Questions & Answers

  Calculate potential direct and indirect costs

Amanda and Chris McDermott own a small business, Plastic Dollars, which produces and maintains stored value cards for retailers. Most of the cards they sell are gift cards, such as those available in various restaurants and stores.

  Define coding rules

How should the researcher handle "don't know" responses

  Fifty percent of earnings are paid out in dividends

The shares of Bankston Company sell for $75. The firm has a P/E ratio of 12. Fifty percent of earnings are paid out in dividends. What is the firm's dividend yield?

  How much does your employer pay for employee benefits

As a percent of payroll, how much does your employer pay for Employee Benefits?

  Dscribe the implications for these developments for firms

what will be the key developments in the global environment of business during the next five years? on the basis of

  Price-product mechanism is the only way to bring in revenues

According to the book which of the following statements is correct? The price-product mechanism is the only way to bring in revenues. mass merchandisers like Macy's compete on the basis of offering lower prices. jobbers are commonly used intermediari..

  What is ergonomics and why is it important in job design

What is ergonomics and why is it important in job design? Explain how it can relate to quality of work life.

  Assess the main features of the fair labor standards act

Assess the main features of the Fair Labor Standards Act (FLSA). Compare the definitions of exempt and nonexempt employees. Evaluate at least three criteria that differentiate an exempt and nonexempt employee. Analyze some of the controversies associ..

  What is the breakeven order size

The process engineer at Strowbridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies.. Which machine is preferred if the order size is 100 units..

  What effect does a performance appraisal have

What purpose do they serve under a performance management system?

  How human resources provide value as strategic partner

The field of human resources is evolving from providing services to an organization to becoming a strategic partner in its growth.

  A firm has redesigned its production process

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit

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