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BMGT 200 Assignment 2 Answer Keys
BMGT 200 Assignment 2 Answer Keys
constant change. Fundamental option is to break down the timeline of the crisis into
manageable phases. In this case, the current lockdown period, lasting until the outbreak
is controlled, and the normal environment that will follow. The company should establish
scenarios and update them frequently by monitoring a variety of real indicators to use as
infrastructure is also necessary. The company will be able to act continuously in response
advantage.
a) Establishing a remote work option with tools which employees can utilize so the
b) Providing flexibility to employees, since team members may have to take care of
several issues at home regarding family members and especially when there is an
c) Communicate with customers transparently and keep them updated where they can
emphasize and realize the reality and still show loyalty to the company.
d) Shift the sales to online strategy by confronting the lockdown and engaging a
delivery option to deliver goods at customers’ door step and services via online
applications.
e) Plan for the long term by connecting with investors, creditors, suppliers and partners
daily to establish strong relation so when the environment gets back to normal the
offer goods and convince with highly protective actions the company is
implementing.
2- In a business there are ample reasons to utilize various strategies to advantage from
c) Managing product life cycle: while our company produces several distinctive products,
during the final stage of the product life cycle each product could be in declining stage in
country of production and a beginning stage in other and results in increasing profits.
d) Geographic expansion for growth: seeking new countries for new marketplaces can
f) Establish copyright which is a legal right that defends our work and idea. Patents which
are property rights to our company to protect our innovations for 20 years. Trademark
which includes design, graphics, logo, words, symbols which identifies our companies
their resources for the purpose of accomplishing a specific task for a new project or any
employees and manager to the new business target place we can advantage from the
diversified society and workforce they will interact with and gain a new experience
when it manufacture a decent at a lower cost than in local country production which will
results in higher profits and establish reputation world-wide about our goods.
j) Recruitment of new talents which we can advantage from by training our employees
and develop their skills to next level and increase creativity and innovation.