BlackBerry, which gained significant market share in the early 2000s in the business, government, and consumer markets, lost market share because "competitors offered phones with better designs and more features".
<u>Option:</u> B
<u>Explanation:</u>
The causes BlackBerry struggled are:
- They were unable to innovate quickly enough. Apple and all the Android phone manufacturers released their phones with new operating system and physical shapes.
- That was a major disruption in the market for cell phones and BlackBerry did not follow.
The company after Chen took over BlackBerry in late 2013 to concentrate more on apps. In 2016, the team stopped manufacturing its own branded phones and is now depending on suppliers to do so. The organization now provides a lot of its software and services revenues, as well as licensing, to big corporations.
Answer: redesign its products to eliminate those features that might have market appeal, but would excessively increase production costs.
Explanation:
The main aim of every organization are typically cost minimization and profit maximization. If I wanted to advise a company on the kind of actions to take to perform value chain activities more cost effectively, I'll tell them to improve their supply chain efficiency as well as use economies of scale and effective utilization of its resources.
Therefore, redesigning its products to eliminate those features that might have market appeal, but would excessively increase production costs is wrong as this will only lead to increase in cost.
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The key elements of this process involve customer value and customer satisfaction.
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Answer:
Managers for an organic grocery chain were deciding whether to open a new store in a neighborhood currently unserved by any competitors. One manager felt that the lack of competitive presence was an opportunity to capture the newest customers. Another manager viewed the lack of a competitor in the area as an indicator that the local community may not be interested in organic products. This difference in perspective illustrates the concept of Management.
Explanation:
The art of getting things done through others in an orderly and effective manner is referred to as management. It is the process of getting things done through others with the help of some basic activities like planning, organizing,directing, coordinating and controlling.
Managers were proposing different ideas on how to achieve a goal, which is to decide whether to open a new store in a neighborhood currently unserved by any competitors, thus, the difference in their perspective illustrates the concept of Management.
