Exam (elaborations)
D081 Innovative and Strategic Thinking Complete Task 2 (Passed) Western Governors University
- Course
- Institution
D081 Innovative and Strategic Thinking Complete Task 2 (Passed) Western Governors University
[Show more]
Content preview
D081 Innovative andStrategic Thinking Complete
Task 2 (Passed) Western
Governors University
, Task 2: Innovative and Strategic Thinking
A. Discuss at least “two” potential risks the company encounters in entering the new
market in the given scenario, including a detailed description of the impact to the company.
1. Risk #1:
One possible threat to give thought and consideration to is the employees that will be hired.
Deciding to hire locals to work in the manufacturing plant is a wise choice, but there might be
challenges that arise from this as well. One challenge will be language; management and
employees having to learn to communicate with one another could slow the manufacturing start-
up until a suitable method is formed. Another challenge could be cultural differences. An
American company will have a different working culture than an Indian company. The
manufacturing plant’s work hours, holidays, and religious traditions will need to be reviewed to
ensure that Indian culture is accommodated and that the workers desire to be valuable
employees. While hiring local employees will benefit the boat manufacturer, there will
undoubtedly be a potential risk to consider.
2. Risk #2:
A second possible risk to consider is the boat manufacturer’s financial risk. The requirement of
using local materials that are environmentally friendly to build the boats will force the company
to develop or acquire a manufacturing facility in India. The financial risk with this is the
significant investment that will need to be made into a location, production equipment, and
employees. If the need for the foldable boat is not as great as anticipated, or if the materials
required to build the boat do not produce a high-quality product, the boat company could
potentially suffer a significant loss.
B1. Conduct a SWOT analysis of the company in the scenario by identifying and explaining
at least two “internal” strengths.
1. Strength #1:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademicAllure. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now