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Does your company use emotions or provide emotions? Secondly, what is the price elasticity of the product or service? Explain. Lastly, consider the product/service from the “last mile” perspective. What does the customer experience look like? Does your company focus on the “last mile”? If so, provide specific examples. If not, what recommendations do you have for evaluating and improving the customer experience? Summarize the most important concepts and approaches you have learned this week. Provide at least one concrete example of how you will apply a key principle or idea in your workplace or professional life. Read the Virgin Mobile USA article. If you were the CEO of Virgin Mobile, which one of the three pricing options would you choose and why? Explain your rationale. Your goal is to choose an option without considering the actual choice of Virgin Mobile or its consequences. Think of a project, product, or service of interest to you and your company.
Identify a grant (current or prior) that could provide the needed funding. You will notice that many grants have applicant restrictions (for example, only school systems can apply). However, for the purposes of this exercise, disregard any stated restrictions. Tax Credits – Read the Tesla article. If your company utilizes local, state, and/or federal tax credits, tell us about those experiences. What have the credits enabled your company to do that might otherwise not have happened. If your company does not currently use tax credits and you think this may be an untapped resource, tell us how you might pitch their use to senior management. Include why you believe they will benefit your company and any hurdles you foresee. Summarize the most important concepts and approaches you have learned this week. Provide at least one concrete example of how you will apply a key principle or idea in your workplace or professional life. • Reflect on your current company.
In general, has productivity increased, decreased, or remained stagnant? Explain. Using items discussed in the materials, what is your company doing throughout its operations to sustain or improve productivity? Of the things not being done or that could be done better, what would you recommend to senior management for increasing productivity in light of the company’s factors of production? • Reflect on your current or former company. Are you aware of, or were you part of, an initiative to turn around a struggling unit or division? If so, share your productivity improvement story. What were the underlying issues? How were they revised? What would need to be done differently the next time around? Summarize the most important concepts and approaches you have learned this week. Provide at least one concrete example of how you will apply a key principle or idea in your workplace or professional life. Using the Netflix article, choose 1 of Porter’s 5 Forces and describe your understanding of how this force was impacting the company. Is the force weak or strong?
What future events do you foresee that could change the strength of that force? As a Senior Manager at Netflix, how can this understanding benefit your company? Using the industry and company you are analyzing for your final project, describe one strong force and one weak force impacting your industry and company. Explain why they are strong or weak. As a Senior Manager of that company, discuss how can your understanding of these two forces benefit your company? Summarize the most important concepts and approaches you have learned this week. Provide at least one concrete example of how you will apply a key principle or idea in your workplace or professional life. Choose a company that you believe is a monopoly and describe the specific market conditions that lead you to conclude that it is one. Does the company’s monopolistic status automatically make it harmful to the economy or the public?