Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Although they remain on top, it is a struggle to do so every year. Sony is known for being innovative with their products. This sometimes

Although they remain on top, it is a struggle to do so every year. Sony is known for being innovative with their products. This sometimes leads to massive failures that they are forced to accept and move on from. The business world keeps spinning and is an unforgiving environment. The only thing that they could implement to ensure their success continues is more risk management. Innovation is great and needed, but taking the time to sit back and review more before taking the plunge on new ventures and or technological pursuits could lower those risks substantially. Maybe reevaluating the need for so much marketing and putting some of those funds into customer evaluations and competitor analysis. With big names such as Samsung, Panasonic, and many others as competitors, they can't afford a costly flop like they could when they were first starting up in the 1940's. Overall, I think if Sony does their best to stick to the strategies, they have laid out for themselves and push for more risk management in their company, they will be around for a very long time

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

Hospitality An Introduction

Authors: Robert A Brymer, Misty M Johanson

14th Edition

0757588638, 9780757588631

More Books

Students also viewed these General Management questions

Question

Please make it fast 2 5 1 .

Answered: 1 week ago