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Essay / Research Paper Abstract
This 3 page paper considers a case provided by the student. A business entrepreneur has an opportunity to expand the business, taking it in a new direction. The paper assesses the different business and personal risk he may face if he undertakes this action.
Page Count:
3 pages (~225 words per page)
File: TS14_TEperrisk.rtf
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Unformatted sample text from the term paper:
opportunity to change and development is presented by way of a pull factor, rather than a push factors. This means the move is one that is attractive, rather than a
move the company needs to take. However, along with the opportunity there is also risk, both professional sand commercial. CF Technologies has string core competences of research and development. The
market is well defined looking at developing technologies for new areas and assessing the value of the research by looking at the saleability of the development. This has become a
good core strategy of the basis of the business. Previous experience has also demonstrated to John that there are dangers in not seizing opportunities. These are not only the
lost opportunity and the revenue, but the interpretation placed in the rejection of the opportunity by others in the same industry, with less trust being placed in the companies judgment
and the way it undertakes business, possibility losing confidence in other services. IN looking at the move to take up the opportunity there are other risks. This is an
extension of competencies. It is not only the research and development that is required, but also the sale to the end users. The current competencies are research and development only.
Selling this on has been limited with single purchasers. This means that there are increase competency requirements. The marketing and selling will increase, as will the need to manage issues
such as customer accounts and customer service. All factors of business life that the company has had only minimal involvement in. These may need new members of staff, as
it is unlikely that the fifteen members of staff currently on the pay role will either have the right skills, or even if they do, they would be unlikely to
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