Trying to go step by step through you know you have a deadline to make an important decision is somewhat stressful. In these cases, I feel that thinking critically can be a great challenge. However, sometimes you are required to make decisions on the fly. In most cases, when making an important life choice, you have plenty of time to think about it and give it a full evaluation. Explain the fundamental ways in which effectively applying critical thinking concepts has helped you to become more successful.respond to stacieStacie Lee RE: Week 10 DiscussionCritical thinking is an extremely helpful tool when it comes to working through the problem-solving process. Justify your response.Second - Consider the following statement: “The major difference between a successful person and one that is not successful is that the successful person, over time, tends to make better decisions than the less successful person.” Discuss whether or not you believe this statement to be true. Talk about concrete decisions you had to or will have to make. Globally, and act locally well as the market matrix of growth strategies.Īnswer questions at least a paragraph First - Give your opinion on whether being an effective critical thinker makes decision making easier or more challenging. Restraining forces affecting global marketing, global market opportunities and threats, think Some of the marketing concepts that can be applied to my chosen topics include competitiveĪdvantage, single-country marketing strategy and global marketing strategy, driving and Real-world environmental problems resulting from the negative impacts of economic activities. The authors argue that there is a direct and essential relationship between economic activities and The relationship between economic activities and issues affecting the environment. In the article, the author argues that China has significantlyīenefited from this organization ever since it decided to join in 2001. The first article is about the extent to which the World Trade "environmental regulations and industrial competitiveness: evidence from China" by The articles that examine the above topics withīroad application to global marketing are "How the WTO Changed China" by Tan and The world economy in the past twenty years. After the 2nd rollover you may launch additional products into the Youth and Sports segments (Multi-Player only).The topics that I have selected are the World Trade Organization and major changes in You will be selling a single Standard Segment music player in the first two years of the simulation. It is the largest of the three segments but has minimal underlying growth. So you may only require a single product spec improvement project midway through the simulation to remain competitive. This is the slowest moving segment and has low sensitivity to product specs. However, be careful of engaging in a price war. Plan for this with cost reduction projects to maintain acceptable unit margins. Since consumers in this segment are highly price sensitive, you can expect some price competition. Consumer style / tech spec preferences change slowly, so segment moves.Low sensitivity to product specifications.High sensitivity to distribution coverage. Price range is $40 to $120, but the recommended range is $85 to $100.Medium priced ($85 – $100) with high price sensitivity.While young adults in this segment share the purchasing ability of their sports counterparts, they are more price conscious, which is reflected in the relative pricing between these two segments. Standard SegmentĬonsumers in this segment tend to be less active than those in the Sports segment and thus do not require the high level of technological specifications inherent in sports designs. Part of the challenge of Music2Go is in being able to balance the needs of your products within your limited marketing budget. Starting in Year 3 (after 2nd rollover) you may improve your existing product and/or launch additional products into new market segments (up to a maximum of 4 products by Year 6). You start with a single MP3 Player product in the Standard market segment. These segments have different sizes, projected growth, sensitivity to price, advertising, distribution, and product specs. There are three market segments in Music2Go – Standard, Youth, and Sports (Multi-Player only). In this article, we’ll be talking about the Standard Segment. This article will be a three-part series introducing the market segments in Music2Go Marketing Business Simulation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |