GMS 200 Lecture : GMS200 Lecture 2
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Your co has launched a new camera in the market (alt. b) the sale for alt. b is very low; whereas sale for alt. a is high. Suggest a strategy to increase sales of alt. b. Compromise effect - adding a higher end camera and pricing it significantly so that middle price camera has been compromised and beneficial. What is an organization a collection of people working together to achieve a common purpose. Ex : union - a group of people working for workers benefit. Organization is entirely open cannot survive long in a closed system. High,poor : effective but not efficient y goals achieved y resources wasted. High ,good: effective and efficient y goals achieved y no wasted resources y high productivity. Low,poor:neither effective or efficent y goals not achieved y resources wasted. Low,good:effcient but not effective y no wasted resources y goals not achieved. Traditional- a person who plans, directs people and resources.