Challenges face established firms in regards to innovative technology. Three challenges include 1) working on existing...

Challenges face established firms in regards to innovative technology. Three challenges include 1) working on existing opportunities; 2) pursuing future opportunities; and 3) optimally balancing the firm’s resources to work on the existing while pursing the future opportunities.

Questions

Describe how your firm allots and distributes resources for innovative technology opportunities. Link their actions to corporate strategy and corporate planning.

How does your firm allot resources to grasp existing opportunities?

How does your firm allot resources to pursue future opportunities?

Is the allotment of resources optimal?

Expert Solution

Each and every organization needs to analyze the strengths and weakness of the organization which will also give them the knowledge about the organization's opportunities to penetrate the market and that is possible only when the organization is pointing out their opportunities that they possess and making use of the opportunities. The or that I have been working in has a huge scope for innovation and they generally encourage innovation in each and every sphere of business. They believe that in order to be successful they need to do something different and only then they can stand out in the crowd and innovating ideas that are linked with corporate strategy and planning should be feasible and working for the business. I believe that the organizations should understand the way they should link these processes and how these processes will be successful.

existing opportunities are something that the organization is already working on and there are dedicated teams that take care of such things and the focus should be quite effective and important because by working on existing opportunities it is possible to create new opportunities that will help the organization in future. I believe that to understand the future opportunities innovations are important and organizations should be capable enough to innovate and make the opportunities feasible for the organization. I believe that the theory that my employer uses is optimal for the same which helps the organization in making the opportunities work and they have been quite successful in their venture.

keosha answered 6 months ago

Discuss two major challenges for nurses working with budgeted HPPD established at the national level.

The RN working in the community setting faces a number of challenges which include but are...

The RN working in the community setting faces a number of challenges which include but are not limited to: infection control practices, patient/family privacy, collaboration with health team at a distance, families’ financial concerns, and the RN’s personal safety. explain actions the RN can do to meet these needs.

Lucy’s LTD was established in 2013 to sell Mexican food in three restaurants .innovative advertising coupled...

Lucy’s LTD was established in 2013 to sell Mexican food in three restaurants .innovative advertising coupled with high quality food quickly established the name of Lucy’s at the forefront of restaurant chains in southafrica.in 2015, it was decided to name the franchise Lucy’s and to register the name as a trademark .the franchises are sold and fees of 5%of revenue are paid to Lucy’s LTD. Which of the following statements are correct when Lucy’s Ltd determines whether the trademark ‘Lucy’s...

1. What are some of the different challenges managers face when managing in the following three...

1. What are some of the different challenges managers face when managing in the following three groups: a) For Profit b) Not for Profit c) Governmental

1) Entry of new firms into a perfectly competitive market lowers the profits of the existing firms.

True or false1) Entry of new firms into a perfectly competitive market lowers the profits of the existing firms.2) The airline and trucking industries are two examples of industries that were regulated becausethey were natural monopolies.3) One way that government can encourage the production of goods or services that haveexternal benefits is to subsidize the good or service.4) Because of free riders, a private, unregulated market would not produce the efficient quantityof a public good.

What are some of the challenges special education teachers face when working with families from diverse...

What are some of the challenges special education teachers face when working with families from diverse backgrounds?

1.In the long run, firms in a perfectly competitive industry are most likely to: A)suppress innovative...

1.In the long run, firms in a perfectly competitive industry are most likely to: A)suppress innovative products to earn a positive economic profit. B)continue to earn positive economic profit because of barriers to entry. C)have a positively sloped average revenue curve. D)earn zero economic profits and produce at minimum cost. E)earn negative economic profits and exit the market. 2.Generally, ______ motivate firms to enter an industry while ______ motivate firms to exit an industry. A)accounting profits; economic losses B)economic profits;...

c)using the AIT(accra institute of technology)wifi for students as an example, explain the challenges you face...

c)using the AIT(accra institute of technology)wifi for students as an example, explain the challenges you face while accessing it ,explain why tje challenge(s) exist (s) and explain what you think could be done to fix the challenge(s)

Describe three (3) key challenges facing multinational firms historically and today.

The three major challenges faced by business today are globalization, advances in technology and deregulation. Which...

The three major challenges faced by business today are globalization, advances in technology and deregulation. Which of these effords the greatest opportunity for established businesses? Which affords the greatest opportunities for new businesses? Why?

Question