Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Ansoff Matrix Steps: 1. Conduct a risk analysis to gain a better understanding of the dangers associated with each strategy (market development, market penetration, product

Ansoff Matrix Steps: 1. Conduct a risk analysis to gain a better understanding of the dangers associated with each strategy (market development, market penetration, product development, and diversification)Using Apple as the chosen company a. Identify at least 3 threats (events) for each strategy

b. Estimate the probability (as a percent) of the event occurring, and then multiply this by the amount it could cost to set things right if it happens.

c. Consider whether the risk can be managed by answering the listed questions

image text in transcribed
Type (Human Risk Value = Probability of Event x Cost of Event Description , operational, reputational, financial, technical, natural, structural, etc Probability of event Cost event Risk value Products Existing New Threat 1 Manage the risk YES NO Could you avoid the risk? Could share the risk ? Could you control the risk? Existing Market Penetration Product Development Could you take on the risk? Could you prevent the risk? Markets Threat 2 Manage the risk YES NO Could you avoid the risk? New Could share the risk ? Market Development Diversification Could you control the risk? Could you take on the risk? Could you prevent the risk? Threat 3 Manage the risk YES NO Could you avoid the risk? Could share the risk ? Could you control the risk? Could you take on the risk? Could you prevent the risk

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Introduction to Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

7th edition

978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792

Students also viewed these General Management questions