M: Management
M: Management
5th Edition
ISBN: 9781259732805
Author: Thomas S Bateman, Scott A Snell, Robert Konopaske
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 5, Problem 1DQ
Summary Introduction

Case summary: Company Z revealed its new electric models, including one intended to change urban driving. In the year 2016, Model S is not quite the same as different bikes on the roads. It is lightweight at 225 pounds and quickens rapidly, with the superior related with bigger bikes. The Company Z's low maintenance costs and green appeal makes it an alluring choice for the in excess of 50 police offices that have acquired it for their patrol officials. The power pack is affirmed for transfer in landfills and energizes in under four hours when connected to a standard household outlet, which implies that proprietors can without much of a stretch revive medium-term or while at work, if important. These highlights are incomprehensibly not quite the same as those of conventional fuel controlled bikes. The revolution behind the Model ZS is an elite bike that additionally happens to be completely electric and green. The way that it's electric methods not getting gas and diminished maintenance.

Characters in the case: Company Z, Model ZS and Person S.

To discuss: The disadvantages of being a “first-mover” in the market.

Blurred answer
Students have asked these similar questions
d. Reflect on the impact of infrastructure on entrepreneurial ventures like Savannah Organics. What improvements could help reduce barriers? (3 marks) e. How important was Thato's ability to innovate and adapt in overcoming environmental challenges? Provide examples from the case to support your answer. (3 marks)
accreditation. Thato had to work with international bodies, adding complexity and expense to her operations. Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment. She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access shared resources, knowledge, and training programs. She also collaborated with the government to participate in a public-private initiative promoting sustainable farming, which provided her with a modest grant. Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her business, even during economic disruptions caused by the COVID-19 pandemic. By the end of 2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to supermarkets across the country and partnering with health-focused restaurants. Thato's journey highlights both…
A sharing economy can be described as an economic model in which goods and resources are shared by individuals and groups in a collaborative way such that physical assets become services. The sharing economy enables people and organisations to earn profits from underutilised resources. Discuss using relevant example and referencing the impact of sharing economy. (20 marks)
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning