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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.
Why is it that sometimes "playing politics" is the most effective way of achieving objectives? Should an organization be concerned about it? why or why not?
Last National bank is concerned about the level of service at its single drive-in window.
Explain the relationship between work breakdown structures (WBS), network diagrams, and risk management. Give an example of each and backup your data using credible research from online resources. Be sure to follow up your suggestions with data from ..
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00.
What is customer service in today's business environment? As an employee, what are some of the ways in which you can affect your company's culture? As an employee, what are some ways you can successfully serve your internal and external customers?
How have unions responded to multinationals as the bargaining power of the multinationals has grown?
The monthly sales for Telco Batteries Inc., were as follows: Month Sales 1 9 2 7 3 10 4 8 5 7 6 12 7 10 8 11 9 12 10 10 11 14 12 16 a) Compute a five and a seven month moving average for the last 5 months of historical data (months 8 thru 12). b) Det..
Suffolk Analytics Inc. is a Fortune500 company that develops and markets innovative consumer electronics products. The development process proceeds as follows. Suffolk researches new technologies to address unmet market needs. Patents are filed for p..
General Mills normally prices Cheerios at $4.69 for an 18 ounce box at Safeway. The Cheerios cost General Mills $1.00 per box to make, and they normally sell them to Safeway for $3.29. Two Cheerios promotions are run at Safeway: One promotion is a st..
Why is it important to determine criteria and interview questions before bringing someone in for an interview?
What does the statistics term "significant difference" mean? If there is a significant difference, is it automatically managerially significant?
What are some of the questions that you would need to ask, resources you might need to access, or actions you would take to prepare your organization for change or to exploit opportunities
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