SUBJECT: Precision Worldwide‚ Inc. RECOMMENDATION: My recommendation for Precision Worldwide‚ Inc. (PWI) is to immediately stop the production of steel rings. PWI then needs to sell the remaining steel rings to at least recoup some of their initial investment. In the meantime they should start producing‚ selling‚ and distributing plastic rings to their entire market of customers while attracting new customers who may prefer this new option. CONCLUSION: By changing their production offering to
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CASE WRITE-UPS: “Precision Worldwide‚ Inc.” When a competitor develops and introduces a superior product‚ that is less costly to manufacture and even many times usable and durable‚ Hans Thorborg‚ the general manager of the German plant of Precision Worldwide‚ Inc.(PWI)‚ and his team have to decide to math the competitor’s product. When to do so‚ how to price or what sustainable competitive advantage they need to adopt during the next strategic period‚ given that they hold a large inventory‚ which
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that can be done through the website which comprises of the ordering features for the goods sold by the company. PSI should also specify business requirements which are as follows: customer may change or cancel their order one week from the required delivery date of the equipment after which the order is said to be final‚ the allowed mode of payments will also be identified‚ the maximum and minimum orders needed for a certain transaction‚ and all other policies that the company wants to implement. PSI
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Precision Worldwide‚ Inc. Introduction When a competitor develops and introduces a superior product that is less costly to manufacture and even many times usable and durable‚ the key to people at Precision Worldwide must decide whether to match the competitor’s product‚ when to do so‚ how to price or what sustainable competitive advantage it needs to adopt during the next strategic period‚ given that it holds a large inventory of its now inferior product. This issue concerns the steel and plastic
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Precision Instruments Case Study 1. What are the different sources of Precision Instruments’ problems? After much success and high profits in their former location‚ Precision Instruments decided to move into a new‚ more luxurious location. Harold‚ who had committed the most capital during Precision’s startup‚ had developed excellent relationships with the workers‚ and always was a source of encouragement to them‚ retired. All of this‚ combined with the new building’s expenses and a downturn in
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Precision Consulting will help CanGo with an actionable market strategy. Every detail has been recommended on how CanGo should plan moving forward to take this company to the next level. Our team has put together a strategic plan to provide CanGo with system options that will improve their business work and operations. Every business should have ethics and social responsibility. CanGo should know the difference between right and wrong. Many businesses just want to make money‚ but this should not
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Case Summary As stated in the case study of “ On-Time Package Delivery”‚ the first year of business was successful‚ bringing in revenue and steady customer need in the market for the service. Customers were many big firms and businesses in large cities. Also‚ they emphasis the importance of their employees‚ especially their sales force. The sales force is not only responsible for generating business and relationships with customers; they are the face of the company. These are the representatives
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Healthcare Delivery The state insurance options include both Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs). In 2015‚ the total enrollment in Colorado’s forty-four HMOs was 839‚754 (Kaiser Family Foundation‚ 2016). In December 2015‚ the total enrollment for Medicaid and CHP+ combined was 1‚315‚144 (Kaiser Family Foundation‚ 2016). The CHP+ focuses on providing quality care in preventative services‚ acute services‚ and services for chronic illness (Kempe‚ Beaty
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Shipping and Delivery: As you know‚ with every shopping site‚ there will be a tag known as shipping and delivery. It is to clearly mention about shipping responsibility of a site. Shipping is a main category under which there will be several attributes which ensures shopping by consumers. Wonder mega mart is a shopping place established in the year 2015. It is an e commerce company has agreement with multiple brands. We sell products like cosmetics‚ kitchen wares‚ furniture‚ jewel‚ apparels‚ electronics
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Delivery Expectation Based on our survey and interviews‚ our market would want their food dine in and serve fast. Dine in a nice ambiance‚ to see around and eat their meal with convenience. In our survey a whopping 83% of our respondents prefer dine in service for their mixed friend rice‚ they also have in mind that eating fried rice would be much more appetizing when you eat in a nice place. Take-out can also be a way for them in the survey 17% would like take out fried rice‚ we can also serve
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