What are the three biggest risks the firm faces

Assignment Help Business Management
Reference no: EM131401209

Assignment: Designing Value-Based Service

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.

Develop a 6-8-slide presentation in PowerPoint format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M2_A2.ppt.

Be sure to include the following in your presentation:

• A title slide
• An agenda slide
• A reference slide
• Headings for each section
• Speaker notes to support the content in each slide

P., & Hopman, J. (2007). The art of managing new product transitions. MIT Sloan Management Review, 48(3), 73. (ProQuest Document ID:224964759).

Reference no: EM131401209

Questions Cloud

What are the risks and benefits of the outsourcing approach : B6029.21- What are the risks and benefits of the outsourcing approach? What are the strategic advantages of outsourcing to vertically integrated firms?
Calculate the temperature coefficient : What is the ratio of the burning area to the nozzle throat area for a solid propellant motor with these characteristics? Also, calculate the temperature coefficient (a) and the temperature sensitivity of pressure (πK).
Briefly describe the research findings caldwell reviews : In order to get full credit for reading each REP article, keep in mind you will need to complete an essay quiz in which you write (1) a brief summary of the article and (2) a paragraph describing how the article applies to the material you are lea..
Find the approximate resonance frequencies : Explain how the three frequencies from Problem 1 will change with combustion temperature, chamber pressure, chamber length, chamber diameter, and throat diameter.
What are the three biggest risks the firm faces : B6029.22- 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?
Description and implementation plan : In Phase 2, your team will work together to develop a detailed description and implementation plan for the innovation you selected to pursue in Module 3. (HEATED BLEACHER MASSAGING SEATS).
Consider outsourcing a function or an activity : From Chapter Seven: What concepts or assumptions underlie the BCG growth-share matrix? Are these concepts valid? Why or why not? From Chapter Eight: When should a corporation or business unit consider outsourcing a function or an activity?
External control governance mechanisms : What other organizations might have a similar effect as external control governance mechanisms? Would their role in influencing the companies they oversee be proportional to the size of their investments? What might change this influence?
Create a professional planning portfolio : A personal statement describing your immediate and long-term career and life goals, including an explanation of why these goals are appropriate and realistic in terms of your curricular, extracurricular, professional, and personal experiences.

Reviews

Write a Review

Business Management Questions & Answers

  Characteristics of a good international brand name

What are the characteristics of a good international brand name?- What are the major causes of international price escalation? Suggest possible courses of action to deal with this problem.

  Rachel planned to open a pastry shop in a resort town

Rachel planned to open a pastry shop in a resort town on the east coast.  As she pondered her organizational set-up, she decided she would need four employees to specialize in the creation and production of delicate pastries, and three employe..

  The potentially annoying downsides of various forms

As a marketer, what would you do to ensure that your firm's direct marketing efforts don't turn customers off your product?

  Maximizing element of diverse workforce

How can the different perspectives be addressed for each group to maximize this element of a diverse workforce?

  Impact role of communication in a business

This part of the assignment, you will be required to substantiate your claim above (importance/impact role of communication in a business), with references to similar cases available from journals and other academic sources as well as the white pa..

  Article that discusses labor union formation-activity

Go to the internet and find an article that discusses labor union formation and activity, summarize key points and post in Discussions area. Choose one question to answer:

  Analyze the disadvantages of the instrument

Provide a rationale for your choice of the performance appraisal instrument. Analyze the advantages of the instrument. Analyze the disadvantages of the instrument.

  How does an investor in common stocks reconcile the large

How does an investor in common stocks reconcile the large variability in stock returns, and the big drops that have occurred, with taking a prudent position in owning a portfolio of financial assets?

  What is differential reporting

1. What is differential reporting? 2. Why did the AASB seek to distinguish between Tier 1 and Tier 2 reporting entities?

  Explain which budgeting technique is american express

Explain Which budgeting technique is American Express most likely to use based on this awareness and the information in this scenario?

  What is driving the need for transformational change

What is driving the need for transformational change - Discuss at least three theories of change management

  Persuasive communication

Persuasive Communication

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