Explain how the business risks differ between traditional

Assignment Help Marketing Management

Reference no: EM13451675

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 from the readings for this module includes a matrix titled “Product Factors and Risk Drivers” which focuses on Intel, a company that manufactures high-tech products. 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 10-slide presentation in PowerPoint format. Apply APA standards to citation of sources.
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

Reference no: EM13451675

Questions Cloud

Briefly describe why the reduction in output is greater : suppose the united states economy is represented by the following equationsz c i g c 500 .5yd t 600 i 300yd y -

Design a requires an initial outlay of 180000 and has a : design a requires an initial outlay of 180000 and has a net after-tax cash inflow of 60000revenues of 180000 minus

A business should be able to adapt to market conditions in : a business must be able to adapt to the market conditions in the host country. find an example of a u.s. firm

What recommendations do you have for the organization as it : one example of a large cultural shift might be an organization growing from being a family-owned small-to-midsize

Explain how the business risks differ between traditional : as the rate of innovation increases companies face expanding productservice lines shorter product and service

An investment offers 5700 per year for 10 years with the : an investment offers 5700 per year for 10 years with the first payment occurring one year from now. if the required

Goods and services which are not sold in markets what other : goods and services that are not sold in markets such as food produced and consumed at home and some household articles

Suppose you are a vice-president of manufacturing for ikea : ikea analysis reportwhat is values-based service? how can a company create value for customers and other

Compute a market capitalization-weighted stock price index : compute a market capitalization-weighted stock price index using the 5 given securities. set the base of the index to

User Account

All Pages