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
, Course and Assessment Codes: D081 (Versions 1-4 (NNM1, NNM2, QBM1, QBM2)
Student Name:
Student ID:
Date:
Program Mentor Name:
A. Discuss at least “two” potential risks the company in the given scenario encounters in
entering the new market (India), including a detailed description of the impact to the
company
1. Risk #1: Financial Risk
One major risk for the U.S. fishing boat manufacturer to consider within the new market
entry are the numerous financial risks that could be involved in making such a significant
investment in India. The potential financial risks from the design process - the ideate,
prototype and testing phases of the design process where a variety of unexpected issues could
come forwards that could end with the company having to go back in the design process and
inadvertently waste time and money on the new invention made from used plastics that has
an environmentally friendly waterproof coating. The company will also have to purchase or
rent a manufacturing location
2. Risk #2: Personnel Risk
For this company, a large investment in an Indian manufacturing site will have some
potential personnel risks. These personnel risks include things such as language barriers,
socio-economic barriers, and the company having to ensure that proper labor laws are
followed, as these regulations may differ between countries. Local culture is also a potential
personnel risk.
B1. Conduct a SWOT analysis of the company in the scenario by identifying and explaining
at least two “internal” strengths
1. Strength #1: Innovative Culture
The company’s innovative culture is an incredible internal strength for the U.S. fishing boat
manufacturer. The strong innovative approach will ensure that the company stays on top of
current trends and will be a breakthrough leader in cultivating new trends in the market. The
innovative culture will also lend helpful throughout all phases of the design process, as the
company strives to be the first and best product on the market. This company culture also
ensures that they will be open to consumer feedback and seek information, ideas and
feedback from both locals and internal employees, allowing the opportunity to continue
advancing and improving their products.
2. Strength #2: Environmentally Conscious
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 $13.99. 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
