Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 16.4, Problem 2CC
Why is corporate reputation important?
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1. Give one new distribution channels for Virtual Assistance (freelance business) that is not commonly used.
- show a chart/diagram to illustrate the flow of the distribution channels.
- explain the rationale behind it. (e.g., increased market reach, improved customer experience, cost-efficiency).
- connect the given distribution channel to the marketing mix: (How does it align with the overall marketing strategy? Consider product, price, promotion, and place.).
- define the target audience: (Age, gender, location, interests, etc.).
- lastly, identify potential participants: (Wholesalers, retailers, online platforms, etc.)
"The following three phrases are identical in Total Quality Management (TQM):
The quality at the source
Emphasising prevention rather than the detection of defects
Focusing on process rather than outputs"
Do you agree or disagree with the statement? Give reasons to support your
answer.
Examine how 'Six Sigma' differs from 'TQM'. Give examples to aid in your discussion.
Better Battery Co. is a manufacturer of batteries. Nickel is an essential component of a battery. In recent years, price of nickel has escalated, causing nickel cathodes prices to rise. To mitigate ever-rising nickel (and cathode) costs, the Cross-Functional Team (CFT) at Better Battery has developed a new battery type which requires a lower nickel content in the cathode.
The development and investment costs needed to produce this new battery is estimated at $3,500,000. Total costs of each battery is calculated at $50 based on current nickel prices. The CFT expects each battery to sell for $120 per piece, based on available market research.
You have been tasked to show the commercial feasibility of this new battery to the management. What is the breakeven point of this new battery, before it can be a profitable venture?
The senior management has reviewed the presentation of this new battery proposal. Since it is a multi-year project, you are tasked to analyse the underlying costing and…
Chapter 16 Solutions
Principles of Management
Ch. 16.1 - Describe the communication process.Ch. 16.1 - Why is feedback a critical part of the...Ch. 16.1 - What are some things that managers can do to...Ch. 16.2 - How are you managing your e-mails now? Are you...Ch. 16.2 - How would you communicate to a colleague that is...Ch. 16.2 - What are the three major types of communication?Ch. 16.2 - How can you manage the inflow of electronic...Ch. 16.2 - What are the major influences on organizational...Ch. 16.3 - What are the major roles that managers play in...Ch. 16.3 - Why are negotiations often brought into...
Ch. 16.4 - How are corporate reputations affected by the...Ch. 16.4 - Why is corporate reputation important?Ch. 16.5 - Is it ethical for U.S. companies to lay off...Ch. 16.5 - Discuss the internal and external communications...Ch. 16.5 - What are the four components of communication...Ch. 16.5 - Why is it important to understand your limitations...Ch. 16.5 - Why should managers always strive to improve their...Ch. 16 - Describe the communication process.Ch. 16 - Whys is feedback a critical part of the...Ch. 16 - What are some things that managers can do to...Ch. 16 - Compare and contrast the three primary forms of...Ch. 16 - Describe the various individual communication...Ch. 16 - How can managers better manage their effectiveness...Ch. 16 - Which communication roles are most important in...Ch. 16 - Identify barriers to effective communication.Ch. 16 - How can barriers to effective communication be...Ch. 16 - How should Facebook respond to the 2014 research...Ch. 16 - Should the company promise to never again conduct...Ch. 16 - How can Facebook balance the concerns of its users...Ch. 16 - What processes or structures should Facebook...Ch. 16 - Respond in writing to the issues presented in this...
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Similar questions
- There are four stages in procurement evolution: basic beginning, moderate development, limited integration and fully integrated supply chain. Second stage one profesion is elieve are en roemsin is etrate for thy management' is a strategy for the third stage. Provide a description of 'category management' in your words. In your opinion, appraise which stage in the procurement evolution that 'category management' should belong to. Give reasons to support it.arrow_forward1. Give one new distribution channels for Virtual Assistance (freelance business) that is not yet proposed. - show a visual aid (chart/diagram) to illustrate the flow of the distribution channels. - explain the rationale behind it. (e.g., increased market reach, improved customer experience, cost-efficiency). - connect the given distribution channel to the marketing mix: (How does it align with the overall marketing strategy? Consider product, price, promotion, and place.). - define the target audience: (Age, gender, location, interests, etc.). - lastly, identify potential participants: (Wholesalers, retailers, online platforms, etc.)arrow_forward1. Give one new distribution channels for Virtual Assistance (freelance business) - show a visual aid (chart/diagram) to illustrate the flow. - explain the rationale behind the recommendation. (e.g., increased market reach, improved customer experience, cost-efficiency). - connect the channel to the marketing mix: (How does it align with the overall marketing strategy? Consider product, price, promotion, and place.). - define the target audience: (Age, gender, location, interests, etc.). - lastly, identify the potential participants: (Wholesalers, retailers, online platforms, etc.)arrow_forward
- Investigate how AI technologies, such as generative adversarial networks (GANs), are used to create deep fakes. Discuss the technical processes involved and provide examples of notable deep fakes. Identify and analyze at least two case studies where deep fakes have had a significant impact. These could be in areas such as politics, entertainment, or social media. Discuss the potential social impacts of deep fakes, including their influence on public trust and the spread of fake news.arrow_forwardMostlarge businesses rely on many complex processes to keep them running smoothly. Two large areas that impact large areas of business and IT are ERP and CRM. Respond to the following questions: • How do ERP and CRM help a company? What are the drawbacks to setting up those different types of systems in a business? What direct effects do these systems have on customers?arrow_forwardPlease original work Who owns a customer's information in United States and Europe? Who should profit from it? How would that work Please cite in text reference and add weblinksarrow_forward
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