PDA Sim Essay Example | Topics and Well Written Essays - 1250 words

PDA Sim - Essay Example The X6 is the high end product in its second year of production. This consumer segment shops for performance and increasing the R&D expense should be able to be offset by an associated increase in price. The goal will be to raise the market share to 30%, which will require sales of approximately 1 million units. The X7 is a new entrant that is a combination of attractive price and performance. Currently it is priced at $200 and is the lowest cost PDA in the lineup. Increasing the sales on the X7 should result in lowering the marginal cost and increasing the profit. Last year it lost money due to low sales. According to Pete Cunningham, senior analyst at Canalys, "With the rapid increase in demand for new features and services, smartphones are migrating into the higher volume, mid-range market segments" (qtd. in "Symbian Fast Facts Q4 2007"). It will be assumed that the smartphone and the PDA has similar market dynamics. The strategy question becomes, can we increase price and market share As a compromise, the price will be increased moderately and R&D spending increased significantly. The outcome for run number 1 was $965,929,406. One of the problems with the strategy was that after lowering the price to $200, it hit saturation the next year. ... The theory is that the X7 needs more R&D money allocated to get the performance necessary to gain market share. Part of the strategy will be to recover the increase in R&D costs of the X7 by increasing the price. In addition, the X6 began to lose sales in the fourth year. The new strategy will be to raise the prices on the X6 and X7 at $450 and $250, but decrease the X6 R&D funding, while increasing the R&D on the X7. This is based on the theory that the older and more mature X6 product will not benefit as much from R&D as the newly developed X7. During this run, the X& R&D will increase when the X5 is discontinued as there is a price similarity and the X7 is a newer and better performing product. The beginning scenario: X5 Price $225 R&D 5% X6 Price $450 R&D 35% X7 Price $250 R&D 60% Outcome and Analysis Run Number 2 The profit from run number 2 was 1,048,169,006. This was only marginally higher than run number 1. One of the problems encountered was that the X6 began to lose sales volume during the third and fourth year as it began to saturate the market during the third year. In addition, the X7 sales never caught on, even with the increase in R&D. Run Number 3 Strategy For run number 3, I used the strategy from run number 2 with the following changes: Reduce the price on the X7 and increase its R&D spending. Decrease the R&D on the X6 after the 2nd year. Also, the price will be reduced on the X6 at that time. The beginning scenario: X5 Price $200 R&D 5% X6 Price $450 R&D 30% X7 Price $200 R&D 65% Outcome and Analysis Run Number 3 The profit from run number 3 was 1,156,812,698. This was the highest to date and was approximately 20 percent above the original simulation. The X7 sale volume rose as anticipated, though the X6 fell off

Training and Development Task 1 Essay Example | Topics and Well Written Essays - 2000 words

Training and Development Task 1 - Essay Example irectly, there are safety precautions that must be in place, and observed with utmost care as demanded by most of the occupational health and safety regulations (Brumitt & Human Kinetics (Organization), 2010). In many industries, people have succumbed injuries caused by poor human resource management. Professionalism, besides safety management is a crucial consideration as far as managing human input is concerned. Employees should be adequately equipped with the appropriate skills required in various production areas, which calls for sufficient implementation of training and talent development measures. The proper establishment of favorable working conditions is also important to this pursuit – management of human resource in the residential roofing installation company. When the employees are safe and enhanced professionally, they would eventually attain the highest performance ratios (Landy & Conte, 2010). To initiate the training and development programs successfully, a needs assessment should be conducted effectively. The management should conduct the systematic process of addressing and determining the needs emanating from the current and desired conditions. To identify the need appropriately, the measurement of the wanted (future) conditions as well as the current conditions is imperative. This would help notify the needs of the operational situations that need to be tackled in the process of human resource management. Numerous requirements are needed to curb the challenges faced by the company to ensure employees are safe and well cared for during their operations such as the use of safety tools besides training. Conducting the needs assessment, prior to training, helps the company in many ways. For instance, it enables the company to identify the prospective needs for the production process. The needs assessment procedures also establish the nature and causes of needs experience d by the company. Lastly, by the realization of the needs, their causes and