PDA SIM Essay Example | Topics and Well Written Essays - 750 words

PDA SIM - Essay Example Determining a product’s lifecycle can enable a manager to make decisions of whether to invest more in a project or discontinue an operation. The three products HandHeld Corporation offers are X5, X6, and X7 devices. I noticed that the X7 product had weak sales. As a new CEO working for this business I seek out the advice of my top executives. Teamwork and cooperation are variables that improve the corporate culture and help firms achieve synergy. Synergy is achieved when the whole becomes more important than the sum of its parts (Schermerhorn & Osborn, Hunt, 2003, p.173). My top advisor indicated that the X7 product was in its growth stage. At that point I decided that discontinuing the product was not the right move because investing more in R&D could help increase the demand for the product. I noticed that the market saturation of the product in the first year was only 3%. The X7 product line had negative profitability. The company lost nearly $8.5 million on the X7 this year. The costs were higher than the revenues. I wanted to increase the price by 25% to offset the -17% profitability deficiency, but since the customer care about price I decided to go another direction. The problem with the product was the existence of a high fixed cost of $35 million. If I was able to sell more units then I would have more total profits to offset fixed cost. I lowered the price of the product by 10%. I allocated 50% of the R&D budget to the X7 because it had the lowest market saturation out of the three products. The X5 which was the most saturated product received 20% of the R&D budget and the X6 received the remaining 30%. I increased the price of the X6 hand device by $25 because the customer’s are not worried about price. I decreased the price of the X5 by $25 in order to increase its demand. My score after round 1 was completed was a score of 558,204,736. The 2006 profits were $347,929,621. I was able to turn the X7 into a profitable

Career Counseling 3 Essay Example | Topics and Well Written Essays - 750 words

Career Counseling 3 - Essay Example ring the statistics for the state in which I intend to work as a practicing counselor – Texas – the figures are generally similar to the national average, with Texas being slightly higher in most categories: the state median for wages is $28.18, with the state average for annual counseling wages is $58, 600, and the prospective job prospects for the future within the state increasing by 31% in 2018. The videos related to the counseling profession were enlightening in a number of regards; for instance, the mental health counselor video demonstrated to great regard how the profession functions by providing real life depictions of counselors in action, it also described the requirements to become a counselor in the specific field, as well as discussing benefits and disadvantages. The Bureau of Labor statistics site information on the counseling profession was perhaps the most comprehensive of all the information supplied; I greatly appreciated the detailed discussions on t he nature of the work, the potential future employment opportunities, and the necessary qualifications for the profession. I completely agree with your assessment of the information on the designated sites. I also agree that the sites were very impressive with the extent of information they contained regarding labor statistics. For instance, the information on the employment trends, including median wages and future employment opportunities for the specific profession were very enlightening material. I also agreed with you on the significant details these sites held in regards to the state specific information; while nationwide information is relevant, to gain a true understanding of the employment environment it’s necessary to have this state specific information to gain a more realistic perspective on the actual career potential within the counseling field. Ultimately, I completely agree with your assessment of the information on the labor sites. There are a great many ways in which career