However, there are challenges of using a questionnaire in carrying out this research It is difficult to tell the level of truthiness of the respondents The responds fail to think within the full context of situation at hand There is an enormous level involving research imposition.
At the same time, the company will be taking advantage of the new market opportunities, which may result to growth of Mistral in terms of profitability. Consequently, the level of subjectivity is not adequately acknowledged Barnham Ewingargues that for all the companies, regardless of the industry that they operate, intangible assets offer the most sustainable source of the firms competitive advantage.
This may include increased competition among firms, especially in case of new entrants, market reduction or shrinkage or a change in customer preferences amongst others. This will apply in case if the company wants to diversify the Windsurfing brand at new markets outside their region. For the tax exemption IGVaccording D.
Through the conceptual model, these international companies have offered a high-level view of real life domains in their databases among others.
For Mistral product, the Windsurf brand to emerge successful at the market after diversification, the company has to ensure that the brand is of high quality compared to those of the competitors. This means that Mistral has to identify its market for the Windsurf brand. This means that, at the time of developing a questionnaire, there is tendency of formulating questions based on ones assumptions and decisions, the factor that might hinder the effectiveness of the intended questions.
Other main reasons why companies diversify their products are to cut costs, increase profits, risk decrease or compensation, development, growth and valorization of unique or novel competencies management of interests, advantages over their rivals, to make use of surplus resources and amplified strategic flexibility Hoskisson and Hitt,pp.
It is also important to indicate that the conception models may also range in terms of extent of the subject matter, which they represent. This way it will be able to remain profitable, despite the raising competition from emerging businesses.
Furthermore, research has proved that the resource-based view of diversification is at the core of the notion of economies of scale or synergies Barney, Wright and Ketchen,PP. Swe request to communicate the order of your reservations and the entrance voucher to proceed with the corresponding billing.
This may include increased competition among firms, especially in case of new entrants, market reduction or shrinkage or a change in customer preferences amongst others.
The conceptual models are semantics or human intentions. Montgomery 4 offers an insightful and concise review of various diversification theories and their predictions concerning its impacts on company performance: Conceptualizations from the observation of the physical existence as well as conceptual modeling are the vital ways employed by leaders to think as well as solve certain given challenges.
The brand must also be innovative, a factor which will attract customers to buy the product. It is evident that, Mistral faces a stiff competition directly and indirectly from other brands across the world.
The accomplishment of this will see to it the successful diversification of the company product, the Windsurf brand. The company may also venture into a new market that promises better returns and looks lucrative in the eyes of the manager.
The company has a substantial following on social Media on sites such as Face book and Twitter. The following figure indicates how the company can develop such a diversification programme.Should Mistral, a Coastal Lifestyle Brand, Diversify? Since Mistral has been a global brand for people who like the coastal lifestyle.
Custom Successful Diversification Essay Writing Service || Successful Diversification Essay samples, help Since Mistral has been a global brand for people who like the coastal lifestyle. It is well known for its distinctive products ranging from high-tech surfboards; attire specifically designed for surfing and its ability to link sea sand, sun and wind to create one of the most exciting sports in the world.
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3 8'6" Wave Characteristic This surf board will satisfy the most extreme wave riders, allowing them to charge in all sorts of wave conditions.
The colourful ‘eighties and the relaxed coastal life are still at the heart of the Mistral brand. The collection consists of everything that makes coastal life so beautiful: from innovative surfboards and SUP boards to clothing, footwear and lifestyle products.
Since Mistral has been a global brand for people who like the coastal lifestyle. It is well known for its distinctive products ranging from high-tech surfboards; attire specifically designed for surfing and its ability to link sea sand, sun and wind to create one of the most exciting sports in the world.
To diversify the brand, Mistral.Download