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I think that this can go both ways, but mainly I
I think that this can go both ways, but mainly I think be learn to be innovative. I believe that some people are born with natural creativity and innovativeness, but that is usually the base of becoming great at being innovative. As stated here, “It is important to remember that creativity and innovation are things that can be cultivated. Only one-third of the ability to think creatively comes from our genetics, the other two-thirds of the innovation skill set come through the learning and practice of these five discovery skills” (wires, 2010). After learning to be innovative, it then becomes more natural. You are able to see things in a different perspective that you normally wouldn’t. Like all things, repetition makes things easier over time. With a business, they need to continually challenge their employees to keep their minds sharp. To do this they can offer a few options to their employees. The first thing a business could do is offer business trips to better their skills. By taking their employees to venues it allows them see what techniques are out their and how to continually improve themselves. The next thing a business could do is send out emails that ask questions about new business routes that could be taken for the company. These routes could be products or a simple change in the business strategy. These emails could allow for the employees to express themselves and what they are thinking.
An innovative person that I admire is Elon Musk. Not only is he someone that I look up to, but I chose him for my project as well. Elon Musk thinks outside the box, and is always looking to better himself. Elon Musk mostly became known with Tesla, an electric car company. After becoming very successful with this company he has now started to dig into a few other things as well. These things included SpaceX and The Boring Company. Considering he is basically a one man show with Tesla, Musk was throwing a lot on his plate with SpaceX being added. Musk actually tweeted, “To be frank, in the early days, I thought there was >90% chance that both SpaceX
Please make sure all directions are followed. Introduction The use of
Business Assignment Help Please make sure all directions are followed.
The use of leverage is important in negotiations. Perhaps you have used some leverage in your previous negotiation and conflict resolution experiences. In this thread, you will reflect upon this knowledge to explain leverage and its impact on a positive result.
Shell Bargaining for Advantage: Chapter 5: The Fifth Foundation: The Other Party’s Interests and Chapter 6: The Sixth Foundation: Leverage
Initial Post Instructions
When have you used leverage? How was it effective/not effective? What is the relationship between leverage and power? Your post must include at least two citations related to the readings.
As we discuss before Coca-Cola company is one of the leading
As we discuss before Coca-Cola company is one of the leading in Beverages, continue to mention the rest of the five forces analysis for Coca-Cola, the bargaining power of customers, bargaining power of suppliers, and competitive rivalry.
Bargaining power of customer: is an assessment of the power of a buyer is relative to the seller, the more buyers can influence the prices to be reduced (Valuation Academy).
By building large customers, helps to reduce bargaining and the firms to streamline sales and production process
Innovated new products, providing discounts on established products to continue bringing customer
New products will reduce the defection of an existing customer of Coca-Cola company to its competitors (Fern Fort University).
Bargaining power of suppliers: the more seller is relative to the buyer, influence can reduce the profits of the buyers through more advantageous pricing (Valuation Academy).
Build an efficient supply chain with multiple suppliers
Experimenting with products designs using raw materials, if the price goes up can change to another raw material
Using dedicated suppliers with third-party manufactures depends on them (Fern Fort University).
Competitive rivalry: is among all the existing competition in the industry can drive to reduce price and profitability.
Have a better scale to be better
Collaborating with competitors to increase the market size rather than just competing for a small market (Fern Fort University).
Fern Fort University http://fernfortuniversity.com/term-papers/porter5/analysis/710-the-coca-cola-company.php
Valuation Academy http://valuationacademy.com/bargaining-power-of-buyers/