WGU Essay tasks examples, Essays (university) of Management of Health Service

Download WGU Essay tasks examples and more Essays (university) Management of Health Service in PDF only on Docsity! Task 2: Innovative and Strategic Thinking Course Code: C714 v2 Student Name: Sawyer Schaef Student ID:001249424 Date: 4/5/2021 Student Mentor Name: Jacqueline Hill A. Reflect on at least two potential risks the company in the given scenario encounters in entering the new market, including a detailed description of the impact to the company. There are several risks the company will face when entering a new market in India. Some risk can be considered preventable, while others are uncontrollable. Uncontrollable risks generally are caused by factors that are external to the organization. One risk the boating manufacturer will be facing, due to the stipulations of the endorsement of the National Fisheries Development Board, will be with raw materials. The NFDB has required the boat be made of recycled plastics from India. Not only could this stipulation lead to inadequate materials to build the necessary quantity of boats, but there is a risk of not having material availability as well. Seeking the endorsement has also presented another operational and financial risk. The manufacturer has a design and processes for a boat that sells in the U.S. for $200 and is profitable. The company must modify the design to fit the needs to Indian fishermen and adjust the processes to include the reworking of recycled materials. Changing designs and processes could lead to errors, malfunctions, or numerous and expensive prototype testing. They company has to include the recycled material processes in the manufacturing budget but keep the product affordable in the Indian fishermen market. There is a risk these added processes may require the sales price of the boat to be too high, and the company may not be as profitable as it expected. B. Conduct a SWOT analysis of the company in the given scenario by doing the following: B1. Identify two internal strengths of the company. The company already has a design template and proven product. Redesigning the boat to fit the Indian market saves time and money, rather than creating an entire new product. The company culture of innovation. Any employee can discuss ideas with