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Essay / An Assessment of Company G's Strengths and Weaknesses
Company G's reputation in the marketplace allows its new products to be positively received by consumers. Company G's skilled employees, including engineers and designers, will enable the company to create unique and quality electronic products. Adequate resources, particularly financial, allow the company to sufficiently finance its production operations, among other operations (Rodriguez et al., 2017). Two of the company's assets that can be used as skills are market reputation and qualified employees. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original Essay Company G's limited expansion capital prevents it from opening local subsidiaries and expanding into international markets . The company's labor- and time-intensive production processes cause it to incur a lot of overhead costs that are transferred to the costs of the final products (Kotler, 2012). The company's limited market penetration prevents it from acquiring new customers. By opening new stores in different locations, Company G will be able to distribute their new product throughout the country. The integration of modern technologies into the company's production operations will result in higher quality of the new product than other similar products in the market (John and Katherine, 2008). Partnering with other companies will allow Company G to access more financing to finance the production process of the new product. New entrants into the industry will reduce Company G's customer base; therefore, sales of the new product will likely not be as high as expected. Competition from online-only businesses and stores will result in low demand for Company's G's new product, as consumers will opt for similar products sold online. Changing trends make it difficult to predict future market trends; thus, Company G cannot predict how the new product will perform in the future (John and Katherine, 2008). Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay Product objective involves Company G making the right product that will satisfy consumers.