User Account

All Pages

Executing existing business model

Assignment Help Operation Management
Reference no: EM133403025

Overview

Raising money to invest in innovation is hard. Companies both large and small work to strike a balance between executing an existing business model and thinking ahead to advance their business. As individuals think critically about how their business should move forward, they should first get a 360-degree view of their environment. This journey starts with research on the current state of the business and critical thinking questions that can help leaders drill down deeper.

Prompt

In this blog post, you will take on the role of the recently-promoted chief innovation officer (CIO) of an established U.S.-based company of your choosing. It is within your responsibilities to discover new ways to improve an existing product or service in North America, or to introduce a new product or service to the market that will give the company a market edge over competition and fit within the company's core competencies. For the purposes of this blog post, and for this entire course, you will do the latter.

The new product or service must be something that cannot be easily duplicated and takes into account consumers' willingness to pay (WTP). If a consumer doesn't have a problem or need for the product or service offered, they will not be willing to exchange money for the solution.

The first step of such an undertaking requires research and an examination of the selected company's financials and current resources. Moreover, this new product or service offering must leverage the strengths of the company.

Using MarketLine, Yahoo Finance, and the investor relations page on the company's website, select and research an established company of your choice. Specifically, look at the company's 10K Report with a focus on the company's business in North America. You will continue to research and work with this company throughout this course in the milestones and project.

In your blog post, identify the company you researched and describe its potential new and unique product or service. Include an image of the company's current SWOT from the Shapiro Library and address the following questions:

Value proposition: What is the company's main business?

What value does the company deliver to the customer?

Profitability: Is the company currently profitable?

What are the company's biggest strengths that could be used to make a new product or service?

Product or service singularity: What is unique about the new product or service?

New product or service projections: How can the new product or service improve profitability? Note: this is an estimation based on research of the company's current market position.

Reference no: EM133403025

Questions Cloud

Key elements of effective corporate governance : Discuss the key elements of effective corporate governance. Explain how individuals and firms can gauge ethical behavior.
Explain how the chosen passage contributes to the tone : What specific words and phrases can you cite in one of this chapter's descriptive passages that contribute to this tone? Explain how the chosen passage
Thoughts on research methods : What are your thoughts on the research methods that you are noticing in the research articles?
Describe the controversy surrounding shakespeare authorship : Describe the controversy surrounding Shakespeare's authorship. Include alternate authors who have been suggested and why you accept or reject these theories.
Executing existing business model : Raising money to invest in innovation is hard. Companies both large and small work to strike a balance between executing an existing business model
What does slater say makes oakland feel like a small town : What does Slater say makes Oakland feel like a small town? What was Sasha interested in even as a toddler and then well into their teenage life
How equal employment opportunity laws selection process : How equal employment opportunity laws affect the selection process and, subsequently, the recruitment of employees in an organization.
What label best describes that style of storytelling : What label BEST describes that style of storytelling? Group of answer choices imaginary history heroic-elegiac epic narrative nonfiction
What values guide how an organization : What values guide how an organization and its members achieve organizational goals?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd