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¶ … business environment is constantly changing and diversifying and companies need to find the appropriate solutions to create long-term growth and ensure that their core business activity does not become obsolete. A good idea in this sense would be to diversify one's business by prospecting new economic sectors and by creating viable alternatives in other areas. A practice much used nowadays creates new businesses within the mother companies, but serious challenges appear, related to the organization, prospect, evolution and survival of this "intrapreneuring."
Indeed, these new businesses face just as much of the challenges associated with any new business and, besides these, several new ones, associated with their particularities. Their primary condition implies the fact that their initial evolution and creation is strictly related to the corporate culture and the climate of the organization to which they are part of. Organizations where managers are open towards new...
Further more, these types of organizations will tolerate the initial lack of profitability and invest in the initial research and experiment phase.
Once the new business has obtained the management's vote of confidence, the area of business needs to be determined and analyzed. A new business in a sector closely related to the core activity of the company is more likely to succeed, because it will employ people from the company who are already accustomed with a certain target market and target customers.
Another difficult issue that needs to be analyzed before starting a new business is the relation with the mother company and its management. An independent new business will probably have the initial success, however, in time, it will not benefice from the support of the mother organization. Further more, in the case of independent new businesses within the company,…
global business environment and organizations are vying with each other to obtain a share in this global business market. Innovation and intellectual property protection have become crucial for business success under these increasingly competitive market environments. The fast paced business culture and the changes that Organizations encounter require good leadership skills from the business manager. Today's managers have to be proactive and anticipatory of these change requirements. They have
Resuming the aspects related to the external environment, the following problems were identified: the increased health concerns and possible environmental damage caused by the increasing number of discarded mobile phones may temper, in the future, the demand for mobile phones; changes in the type of consumers implies further diversification; technological changes bring about additional challenges; increasing competition in the mobile phone market. Recommendations The recommendations are based on three pillars: e-business, quality services
Market Analysis The third principle, that markets that don't exist can't be analyzed, reminds managers that assessing the effects of disruptive technologies is often counter-intuitive to good management practice. Many companies require the development of a business case and a business plan for new products. This approach is generally very successful when applied to sustaining technological innovations, because the market is well-known; however, when companies apply this strategy to new, emerging
Business Information Systems What is a Business Information System? A program involving a business information system would prepare the person who is studying the intricacies of the process to be able to oversee the efficient and proper manner in which to use computer hardware and software systems. The individual who has completed the training process in a business information system would be able to work as a computer programmer, or a
The market size for AAA Software based on PC usage can be estimated by the total number of new PC sales and the level of antivirus usage on them. The total PC usage during the corresponding year is shown in the figure. Source: http://www.etforecasts.com/products/ES_pcww1203.htm C3: Competitive Analysis- Describe your company's current competition. KEY DIFFERENTIATORS Registered/Head Office Czech Republic United States United States Slovak Republic United States Number of Users More than 150mn users NA NA NA NA Product Variants Home Users - Antivirus (Free, Pro and
Importance of Effective Change Management An old adage goes that "change is inevitable." It is a constant phenomenon. Organisations exist in an ever-changing world. Factors such as competitive pressure, regulatory changes, shifts in consumer tastes and preferences, technological advancements, workforce changes, globalisation, and industry adjustments compel organisations to initiate change initiatives targeting strategy, leadership, management, workforce, structures, and processes (Lam, 2009; Nehar, 2013). The initiatives are primarily aimed at improving organisational