Reference no: EM133592854
Assignment: Product Life Cycle and Diversification Proposal
The potential stakeholders have requested your vision of the industry life cycle across all four stages (i.e., introduction, growth, maturity, and decline) that occur over the life of an industry or product. You are tasked with creating a product life cycle and diversification proposal.
Using the new company's product or service, explain where you envision the new product at each of the following states:
1. Introduction
2. Growth
3. Maturity
4. Decline
Diversification and the Functionality of the New Company's Team and Collaboration Capabilities
Stakeholders need to know that you are thinking about the following:
Question 1. Would you consider acquiring a company that is already in the market?
Question 2. Would it be better for you to merge with a company that has international ties? What would be the benefits of and limitations to doing so?
Question 3. How will collaboration look like in your new company?
Question 4. Explain how your company may use teamwork to add value.
Question 5. Do you expect that the synergy of working together will help the functionality of teams across different departments?