Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The Toyota brand and the Lexus brand are largely separate, yet these products are closely related. Why did Toyota choose to keep them separate?

1. The Toyota brand and the Lexus brand are largely separate, yet these products are closely related. Why did Toyota choose to keep them separate? What advantages and disadvantages accrue to Toyota from both related and unrelated diversification?

2. Why do some innovations seem to take only a few months to be widely accepted while others tend to take years, even though there are good reasons to accept the new product? (think LED light bulbs vs electric cars)

3. Netflix was founded in 1998, not exactly an overnight success. How have changes in technology and in the market changed its strategy?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management

Authors: William J Stevenson, Mehran Hojati, James Cao

6th Canadian Edition

1259270157, 978-1259270154

More Books

Students also viewed these General Management questions