Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help with this question . thank you 1) Soventia, an American smartphone manufacturer based in California, has hired you as a business strategy consultant. Soventia

help with this question . thank you
image text in transcribed
image text in transcribed
1) Soventia, an American smartphone manufacturer based in California, has hired you as a business strategy consultant. Soventia is a well-funded start-up who has developed a ground-breaking new technology that will disrupt the entire world-wide industry. While the technology is innovative, the price of their new product runs nearly $2,500 per device, double what Apple charges for its latest release. To complicate matters, recent international data suggests that a global recession is taking hold, just as the first products are shipped to stores. Consider the following questions: On Tuesday morning, major news broke detailing a diplomatic breakdown between the US and China. As a result, the Chinese government has stopped any firms from trade with US companies. So, critical custom electronics are not available to Soventia from its primary supplier. To compound problems, a terrorist organization launched an attack in a Middle Eastern country where the back-up supplier is located. The back-up supplier's factory was badly damaged by a bomb and will be out of commission for at least 12 months. The "good news" is that they will sell you three-months of parts at 1500% the normal price. The final challenge is that the US government in January 2024 will require tracking and auditing on manufacturing inputs purchased abroad, which means that Soventia will have to devote extra company resources to maintaining compliance. Discuss options for addressing this situation in the short-term and long-term. Put together detailed strategic recommendations for growing the business, controlling future costs and managing risks over the next 5 years

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

Fundamentals Of Quality Control And Improvement

Authors: Amitava Mitra

4th Edition

1118705149, 978-1118705148

More Books

Students also viewed these General Management questions

Question

b. y=3x23 10, where A (-8, ? ) and B = (27, 17).

Answered: 1 week ago