A number of factors contribute to the pricing strategies for a product. Considering the segments in the simulation, what pricing strategy would be most effective considering both the market's needs and the product life cycle? As the product moves through the life cycle, how should the pricing strategy change? Define brand positioning. Explain the reason for positioning and repositioning products. Choose a product with which you are familiar, preferably one in your industry, and explain how it might be repositioned. Indicate its current position in the market, a desired position, and how you would manage the repositioning effort.

A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs to evaluate their success at reaching targets. Management by Objectives (MBOs) are the "objectives" of the organization and the company, or department goals that must be achieved to reach the objectives. The management's focus and concentration is on reaching the objectives--hence the term Management by Objectives.The KPIs and MBOs work hand in hand. For a sales team, the KPI might be the volume of monthly sales and the MBO might be to sell 1,000 widgets a month.For this project piece, you will create a systematic approach that the new operations manager can use to measure a department's effectiveness and outline the KPIs. Create four MBOs for the new operations department and set goals for "Exceeding expectations," "Meeting Expectations," and "Below Expectations." An example follows.MBOExceeding expectationsMeeting ExpectationsBelow ExpectationsSell an average 1,000 widgets per month in a calendar yearSell an average of <1,100 widgets per month in a calendar yearSell an average of 991 - 1,099 widgets per month in a calendar yearSell an average of >900 widgets per month in a calendar yearTo complete this assignment, use at least two credible sources to prepare a 4-5-page document that you will present to the new operations manager. Include the following in your paper:Provide an example of how HR measures the effectiveness of a department or team member.Discuss the benefits of KPIs.Explain how you would go about measuring and evaluating employee engagement, turnover, community involvement, and profit margins for this company. State your ideas for an evaluation plan in these areas.Discuss the benefits of Management By Objectives (MBOs).Create four MBOs for the new operations department and set goals for "Exceeding expectations," "Meeting Expectations," and "Below Expectations."Evaluate how these measurements align with Chip's Widgets, Inc.'s business objectives.Include in-text citations and a title and reference page formatted according to APA standards.

I will complete the recording in the PowerPoint CompetencyUnderstand economic terminology and economic definitions pertaining to decisions made by managers.Course ScenarioOil Company X is a large oil refinery which has been expanding and taking on new investment projects. Recently, they have considered building a pipeline that stretches across the United States, from Canada to New Orleans. As an alternate investment, they are considering increasing production at existing facilities.In order to compare these investment opportunities, the head of the Cost Analysis Department has tasked you with finding the profit maximizing quantity and price if production continues at existing facilities. You will then present this to the head of the department in a meeting, along with supporting documentation such as cost curves, data tables, and equations.InstructionsAs a Cost Analyst at your firm, you are being asked to evaluate the profit maximizing quantity and price for your product to submit to your manager. Assume that your firm is a monopoly supplier of oil in your region, due to extensive trade restrictions.Another team member in the Cost Analysis Department has compiled the necessary data in the linked spreadsheet. You will have to complete the missing columns for ATC, AVC, and MC. If the company is incurring a profit, include the amount of the profit earned when quantity and price are maximized. If your company is incurring a loss, prove whether it should shut down or continue operating at a loss. Use graphs and equations to support your argument.You will create a short screen recording with narration arguing your case to your manager. Create a PowerPoint presentation to support your recommendation which can serve as the visuals for your recorded screen capture.There are many free screen recording software/Webware options available (such as Screencast-O-Matic) to use in presenting your PowerPoint. Make sure that both your voiced narration and the PowerPoint slides are captured during your screen recording.Be sure to include a cohesive introduction and conclusion of your findings. Your body slides should include any relevant curves created in Excel from the data spreadsheet.After recording, paste a link to the recording on the last slide of the PowerPoint presentation. Attach the PowerPoint presentation as well as the Excel spreadsheet showing how you created the curves and obtained the profit maximizing quantity and price, as well as the corresponding profit or loss.Format your PowerPoint to include a title page, introduction, body slides, conclusion, and references. Remember to cite your sources using correct APA format, and also use correct grammar, spelling, and formatting.