Unit 16 – P1 Notes Internal factors Organisational needs - The workforce needs to be able to adapt to changes. Demand for products and services will affect the number of people needed in certain roles. Businesses can look to move into new markets - this could mean abroad and staff needing new skills such as languages. More staff may be needed in distribution if the business grows. Technological change can also affect the internal working arrangements - machinery leads to redundancies, new training may be needed etc.
A big drawback is that they have to modify the assembly line when the product to be manufactured changes (when changing the production of the two different anchor types). The first proposed long term strategy is to purchase new equipment that would easily fit both production lines. This will help in increasing the productivity. Another long-term objective is to analyze the current production process for both assembly lines and determine the time that it takes to get a line of production. The objective is to find areas that raise difficulties and eliminate them to speed up the process.
In-depth research and analysis needs to be conducted on other companies that have created similar successful programs. They need to determine what the breakeven point will be, and when these new products will start generating a profit and then make the decision on whether or not it’s worth the investment. Issue 5 Lack of planning CanGo is in rapid development, but at the same time lacks of any sort of planning. CanGo's management team cannot seem to reach a viable solution for the future development of the company. Recommendation 5 CanGo needs to make a comprehensive analysis and then decide on a long-term development plan.
This advantage is most especially important in the technologies sector, in which a definitive product of specific design or purpose sets the standards for which other organizations can find most difficult to match. Though designs may be similiar in style, the cause of entering into an untapped “arena” may provide unparalled precedence in the industry. Additionally, being a first mover provides the organization the ability to set pricing at whichever value suffices its tactical goals (primary goals), as well as an enhanced demand for a rather new and innovative product. However, the problem with being a first mover is actually based upon the contrary to what is mentioned above. Without prior market penetration of an organization’s competetitors, the usefulness and effectiveness of properly marketing a new product or service can be quite burdensome.
As a critical thinker explores possibilities, he or she may take action on something that may have posed a devastating outcome had they not thought ahead critically. Maybe even the opposite, exploring possibilities of new ideas to improve the organizations
In these situations we will need to think about who else may benefit and why this is important. A new procedure may take you longer; however, it could allow a better service to be given to our internal/external customers, which could result in better working relationships and/or customer loyalty. Responding negatively to a change will influence those around us creating a difficult environment to work in. A positive approach encourages a good working environment and good teamwork. b) Explain why you should respond positively to changes in products or services.
A portfolio analysis help a company with making decisions on what products that they must considered to be the main focused and which one they should get rid of. The portfolio analysis raises the issue of cash flow availability for use in expansion and growth for products in the organization. The BCG Matrix and the portfolio analysis would benefit a company to see where they stand with their products and where they should put more focus on to bring that particular product up in the market. Even though there are products that are doing well for the organization they can also become problems. The economy is going through some tough times now and it could be hard to keep the stars the stars and the cash cow the cash cows (Portfolio Analysis,
Kudler would be able to use an ERP to forecast future needs to assist with accurate purchasing, track vendor and retail pricing as well as other financial information. The ERP would allow Kudler to track the sales performance of new items that are introduced to determine if they are products that they want to bring into inventory. The investment in new technology is highly recommended. New technology may be an option for Kudler, however, cost of the purchase, installation and training would be a major factor which would influence the decision as oppose to upgrading current
This would make NFP more susceptible to the natural disasters that have tormented certain parts of the island. Measuring Impacts The decision to expand to Kava should not be made without measuring the impacts of the proposed solutions and alternatives. The impact of hiring people native to Kava may cause a clash of culture between the managers and workers. This impact could also lower company morale and create a division between the Americans and people native to Kava. Building an office and warehouse in areas away from the predictable natural disasters may prove to be more costly in the short term.
DeVry University has the weaknesses in customer services with huge impact on quality parameters following with the opportunities to overcome through better online offerings as well as educational programs in order to grab large market share and has a threat related to the Government Regulation for the profit oriented education industry (Govindarajulu, 1990). The DeVry University can capitalize on the opportunities that are occurring from the dimensions from within the general environment by working on the areas with better online offerings as well as educational programs and the University can neutralize the threats that are occurring from the dimensions from within the general environment through dealings with the Government Regulations as well as its intervention. It can also neutralize its effect through long term acquisition of the market share with the market innovation and with very low impact of substituted Universities (Lalitha,