You enter your project team meeting with Mike and Tiffany to hear them discussing the tools...

You enter your project team meeting with Mike and Tiffany to hear them discussing the tools that they found to conduct an analysis of the industry and competitors. “Mike, there are so many more tools than I even realized to give us some good data,” Tiffany states. “I know,” Mike says. “That’s why I wanted to take some time to look at our options and figure out what information we really need to support the board’s decision.” Mike and Tiffany both found some great tools from their research on the subject. Complete the following: Based on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not? What evidence do you have to support your decision? How would you refute the people who chose an additional tool rather than one of the tools that you selected? Based on the tools that you selected, provide a brief analysis of your market, using those tools. Please submit your assignment.

Solutions

Expert Solution

In the context of the question, it is very difficult to comment and confirm about the tools and which one is better than the other, unless the output/visuals of analyzed dats is seen and evaluated. The accuracy and efficiency of these tools can only be measured by how they are able to process volumes of data with correct output representation of data variance and correlations.

The Project tools, that is scalable, compatible with project needs and robust must be used for the analysis of the industry and competitors. Also, any new tool must be evaluated based on these parameters.

As there are no tools as such selected by me, I am writing this answer assuming that I'm using one of the relevant tools that meet the aforementioned criteria. Based on this, my tool should be able to deep search, programmed using highly advanced algorithms, and be able to match relevant figures and facts between sets of data, to compare and identify the trends between the different competitor data, and to find any common line of behaviour which could be pricing, promotions, reliability, consumer loyalty etc.

keosha answered 4 weeks ago

Next > < Previous

Related Solutions

You enter your project team meeting with Mike and Tiffany to hear them discussing the tools...

Before you go into your boss’s office (the COO) for a meeting, you hear him berating...

Before you go into your boss’s office (the COO) for a meeting, you hear him berating the CFO about a local building project your company is currently pursuing. CFO: “But, Todd, according to the latest projections from the university next year, they anticipate a 22 percent decrease in enrollment. These are the very students we were targeting this complex for. This could result in an estimated loss of revenues of nearly 30 percent!” COO: “Alex, I’m sick of this discussion....

The Project Status Report Meeting You are driving to a project status report meeting with your...

The Project Status Report Meeting You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project behind schedule. This is not good news because completion time is the number one priority for the project. You are confident that your team can solve the problem if they are free to give their undivided attention to it and that with hard work you can get back on...

You are in a meeting with Andrea Schwager, the new CEO of your company, discussing property,...

You are in a meeting with Andrea Schwager, the new CEO of your company, discussing property, plant, and equipment, when she asks the following: “The accountants are telling me that, if we sell a piece of equipment for an amount in excess of its carrying amount on our statement of financial position, then we record a ‘gain,' which increases net income. If it increases net income, then why don't we call it a ‘revenue'? Wouldn't this be more understandable for...

You are meeting with your healthcare team to round in the ICU and the discussion is...

You are meeting with your healthcare team to round in the ICU and the discussion is started regarding utilization of medications to treat COVID-19 patients. The attending physician asks if you could review the literature regarding azithromycin and chloroquine/hydroxychloroquine as these have been studied in the literature. Please provide a review regarding the safety and efficacy of these agents in the treatment of COVID-19.

How you would bring a team together and lead them to start this initiative. The tools...

How you would bring a team together and lead them to start this initiative. The tools that you have used in the course Fostering a Culture of Innovation for (design thinking, creative-thinking styles, etc.) to get your team to leave its comfort zone and begin to generate potential ideas. Explain how the thinking style diversity or lack thereof of your team could potentially help or impede the plan.

You have been asked, as a digital health professional, to attend a team meeting at your...

You have been asked, as a digital health professional, to attend a team meeting at your hospital to discuss discharge plans for Mildred Mason. She is a 68 year old widow, hospitalized for a fractured wrist and ankle and a head injury resulting from a fall at home. She is almost ready for discharge from acute care, but the team is concerned that she will need care in the short term. Because of some problems that may have led to...

You are a project team manager, and your team members report each day to you to...

You are a project team manager, and your team members report each day to you to receive their primary assignments. Not every team member is as efficient as another with particular kinds of tasks. Time required (hours) to complete tasks Task Task complexity Team member 1 - Jones Team member 2 - Nguyen Team member 3 - Walpita Team member 4 - Manderas Task A Very high 3 5 4 3 Task A High 2 1 3 2 Task...

1. Jessica and Mike are new clients at your obstetrics office. You are asking them about...

1. Jessica and Mike are new clients at your obstetrics office. You are asking them about the reason for their visit. Jessica says she thinks she is pregnant because she missed a period. Mike tells you Jessica is always nauseated in the morning and eats all the time the rest of the day. They have not been using birth control and have wanted to have children since they got married last summer. Jessica says her clothes are feeling tighter and...

The Scenario: You and your team have acquired a project from another team. The Request: You...

The Scenario: You and your team have acquired a project from another team. The Request: You have been tasked with debugging and creating the missing functionality and then creating branches to create the necessary changes to deploy to each of the mobile OS platforms , iOS and Android. Requirements and Information: Create a plan for how your team will create the necessary changes and updates with peer review and revisions. (branches, pulls, and commits) Fork the project and execute your...

Subjects