Staging of Strategic Initiatives Assignment Example | Topics and Well Written Essays - 750 words

Staging of Strategic Initiatives - Assignment Example Consequently, strategic initiatives are bound by time, that is, time is specified for starting and completion of initiatives. The power of buyers dictates the number of sales that a firm makes. A firm has a large customer base if it uses giant retail outlets such as Wal-Mart. The store is a strategic distribution point since it is frequented by many buyers. However, this also implies that the buyers have immense power in dictating the success or failure of the firm. Thus, the buyers of Memorex flash drives have more power. Firms that are effective in reducing operational cost and also making products that look different from competitor’s products are better off than firms that implement cost leadership and differentiation separately. A differentiating firm is usually a step ahead in the market since customers tend to think theta the products are not close substitutes. This leads to more production at low costs, courtesy of economies of scale. Repeating the same task every time enhances the simplicity of the task. Consequently, an individual can understand various effects that can arise from a specific activity. This enhances the clarity and thus ability to be more productive. Repeatability enables a company to dedicate resources in new productive contexts, thus triggering more growth. A product loses value once new entrants impose substitutes on the market. The substitutes perform the same function as the original product, thus, purchase of one brand reduces sales of other substitutes. The market forces pull the prices down until an equilibrium price is achieved. This is the reason why the price of Laser teeth whitener fell from $500 to $100 upon introduction of other products that perform the same purpose. Espresso machines brew coffee and Starbucks roasts coffee beans and also makes a coffee beverage. However, the espresso process is automatic and involves pressurized  water mixing with coffee to produce the beverage.  

Question Assignment Example | Topics and Well Written Essays - 500 words - 1

Question - Assignment Example A company that uses agile management is likely to have increased growth and expansion because of the increased productivity. It also reduces time wasted building a project using various cycles. This approach uses iterations and breaks down the long cycles into less time. The popularity of the model over the waterfall model is because of its efficiency in increasing the client’s involvement in the process of software development. The end result of agile project management is always a little less predictable as compared to waterfall model. One would take this as a disadvantage, but that is not true. Agile adapts to changes in a much positive manner. It responds to issues as they arise and resolves them. Agile management and the Waterfall management both have advantages and disadvantages. Agile is very fast, quick and a more reliable approach to managing projects that need constant improvements. Unlike waterfall approach, agile is done in iterations. Agile management is oriented on offering quality services while waterfall management deals with construction projects and hardware Installation projects. Agile is suitable for projects that are new and yet to be tried Schmidt (2) This is a systematic and organized approach in your company to enable staff to transition from their current practices to those that the company focusses on. It involves influencing a good number of people to positively accept the changes being made. If there is no change management in a company, it could lead to failure of the business. IT departments need changes especially due to the current changes in the technological information. The critical success of an IT organization is highly dependent on its capability to control the IT changes. It should protect existing services during and after and ensure accurate changes are made. Change management programs help to align and organize the organization when undergoing major