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Running Head: UNIT 1 INDIVIDUAL PROJECT Sherryl Burris Unit 1 Individual Research Project - Preliminary Research Design August 26, 2012 Business proposals are made to increase profit, either by creating new products or moving into new markets, making changes in marketing, or to help business grow. Research is based on finding data and information to make decision making better. Formal research is based in theory, business proposals are based in making money. Both types will have introductions and conclusions, based on the proposal’s purpose. All formal research has a methods section, but this is not necessarily true in a business proposal.
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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.
The company at hat served the public best would be favored in a competitive situation C. My opinion is that there should be a balance between competition and government involvement. A competitive situation would keep utility employees striving to satisfy the needs of their customer. Without competition some employees could become indifferent to customer satisfaction as the customer can not go anywhere else. Government involvement would be important by setting standards that must be adhered to by competing companies as far as level of service and also ensure that the competing companies can not fix pricing to consumers and artificially control what the consumer will
M. (2008). Stakeholder analysis tool (Harvard Business School Exercise No. 808– 161). Retrieved from https://cb.hbsp.harvard.edu/cb/web/pl/product.seam?c=20331266&i=20417624&cs= Golovatchev, J., Budde, O., & Kellmereit, D. (2010). Technology and innovation radars: Effective instruments for the development of a sustainable innovation strategy and successful product launches.