Goals for the organization with the needs of the marketplace

Assignment Help Operation Management

Reference no: EM131639616

Visualize This (VT) is a small start-up company specializing in virtual reality and computer visualizations. Located in the research park of a major university, the company was founded by Isaac Trice, a university professor, and staffed with the brightest of his former students. By all accounts the technology is cutting edge. Facilities include a lab of 14 high-end computer workstations adjacent to a CAVE (computer-aided virtual environment) and a small office. A conference room and central lobby are shared with other tenants in the building. Originally the company had partnered with the Swedish firm Salvania to create virtual environments for medical and industrial design. Trice and his staff would develop the software for each application, create a visual database supported with engineering or medical data, and run design sessions for their clients in the CAVE. Salvania provided the capital, generated the clients, and handled the business end of the operations.

In its first two years of business, VT completed four projects. With each project, VT advanced its skills in visualization and developed customized tools to help its clients design intricate products. The clients were pleased but did not anticipate repeating the intensive design process for several years. Unfortunately, Salvania was unable to remain solvent and dissolved its partnership with Visualize This. VT was able to keep its workstations (whose salvage value was low), but gave up its rights to the CAVE and furloughed all but three employees. To stay afloat, VT needed new clients and a steady stream of income. Trice hit the streets and came back with the following possibilities:

Designing computer-based training sessions for bank tellers of an international finance institution

Conducting software certification for the sales staff of a large software vendor

Designing virtual reality tours through history for a major museum

Developing Web-based virtual models for a women's clothing retailer

Creating virtual catalogues in which a customer can enlarge, rotate, and dissect a product online.

This isn't what I had in mind for my company, Trice lamented as he shared the list with his employees. I wanted to be developing the next generation of visualization tools in concert with the brightest minds in industry, not digitizing pictures of products and making them turn around, or teaching people to use software that's not even our own!

That said, Trice and his staff of three began going through the list analyzing the pros and cons of each alternative.

How can Trice reconcile his goals for the organization with the needs of the marketplace?

Reference no: EM131639616

Questions Cloud

Scenario analysis and sensitivity analysis : 1. Compare and contrast scenario analysis and sensitivity analysis. Provide an example to help explain your response

Explain the purpose of informed consent : Discuss what factors determine the patientas ability to give informed consent, Compose a sample informed consent form

Review the executer checklist : From the second e-Activity, review the Executer's Checklist, and discuss at least two (2) items you are able to use to draft a will and choose an executor.

Find expected number of people saved by the first program : Tversky asked subjects to choose between two public health programs that affect 600 people. One has probability 1/2 of saving all 600 and probability 1/2.

Goals for the organization with the needs of the marketplace : How can Trice reconcile his goals for the organization with the needs of the marketplace?

What was the happiest period of your life : What was the happiest period of your life. What about it made it the happiest period

Parties agree to pursue alternative dispute resolution : Assume all parties agree to pursue alternative dispute resolution (ADR). Applying what you have learned about ADR, which type would each party.

Solve case-know someone who is prone to anger : Know someone who is prone to anger? Nature has a way to calm such people: they get heart disease more often. Several observational studies have discovered.

Create a culture of inclusion are worthwhile : Do you feel that Whirlpool’s efforts to create a culture of inclusion are worthwhile? Explain your answer.

User Account

All Pages