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C714 v2 task 2

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Task 2: Innovative and Strategic Thinking
Course Code: C714 v2
Student Name: Jocelyn Jones
Student ID: 670286
Date: 7/19/2020
Student Mentor Name: Austin Cook

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A. Discuss at least TWO potential risks that the company from the
scenario may encounter in entering the new market and describe the
impact to the company.
(Unit 3: Managing Risks.)
1. One potential risk The Company will be undertaking is heavily investing int the
Indian market. They will need to either hire a manufacturing company or build a
manufacturing company in India to allow for their design to be sold in India. This can
pose quite a financial risk to the company. If they choose to partner and hire a
manufacturing company, they will need to ensure it has been vetted, otherwise The
Company effectively assumes any unwanted practices by the hired manufacturing
company. However, if they decide to build their own manufacturing company in India
and the product does not prove to be a success then the significant investment of
developing an entire manufacturing company may result in the company folding.
Both scenarios present the possibility of major financial risk.
2. Another risk The Company will undertaking is having a wide target group. Since
their target audience for this product is aged between 13 70 they are taking on a
risk of developing a product that will appeal to an extremely diverse group. The
Company is intending on a product that will saturate the market, if their product only
appeals to a small section of their intended target group, they are running the risk of
not having sales meet the cost of investment. Not only does this pose another
financial risk to the company, it also is a significant strategic business risk to the
company. If they are unable to appeal to the wide target audience, they may not
recover from business perspective either.
B1. Conduct a SWOT analysis of the company in the scenario by identifying at least
two internal strengths.
1. Collaboration: The implementation of open collaboration across company lines
will allow for a quick and more in-depth way to achieve the desired product design.
2. Innovation: Since the cornerstone of the company is innovation, that will allow
for a product design that better meets (or exceeds) the concept.
B2. Conduct a SWOT analysis of the company in the scenario by
identifying at least two internal weaknesses.
1. Organizational Structure: Since The Company has developed a decentralized
organizational structure it can allow for an overburden of management responsibilities to
the leadership team. Additionally, this open access to anyone across company lines can
make it hard to enforce accountability if needed.

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Task 2: Innovative and Strategic Thinking Course Code: C714 v2 Student Name: Jocelyn Jones Student ID: 670286 Date: 7/19/2020 Student Mentor Name: Austin Cook A. Discuss at least TWO potential risks that the company from the scenario may encounter in entering the new market and describe the impact to the company. (Unit 3: Managing Risks.) One potential risk The Company will be undertaking is heavily investing int the Indian market. They will need to either hire a manufacturing company or build a manufacturing company in India to allow for their design to be sold in India. This can pose quite a financial risk to the company. If they choose to partner and hire a manufacturing company, they will need to ensure it has been vetted, otherwise The Company effectively assumes any unwanted practices by the hired manufacturing company. However, if they decide to build their own manufacturing company in India and the product does not prove to be a success then the significant investment of developing an entire manufacturing company may result in the company folding. Both scenarios present the possibility of major financial risk. 2. Another risk The Company will undertaking is having a wide ...
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Anonymous
Awesome! Perfect study aid.

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