Case Study on "Managing Explosive Growth Within the Business Paradigm"
Case Study 4 pages (1101 words) Sources: 4
[EXCERPT] . . . .
Managing Explosive GrowthWithin the business paradigm, it is often ironic that at times the old Confucian maxim of "be careful what you ask for, you may get it," becomes true. The goal, of course, for any organization is to grow and prosper. However, there remains quite a fine line between slow growth, managed growth, and the explosive growth of a product or service. All have their merits and problems -- if growth is too slow and expenses to bring to market too high, the company fails; if growth is exponential, it may require additional infusion of capital, staff, and a rapid ramping of manufacturing -- sometimes without adequate planning, and products are produced without sufficient quality control or not shipping fast enough to keep up with consumer demand. The goal, of course, is that elusive middle ground of managed growth, strategic planning, and tactical implementation.
Case Study - RIM Technology (Research in Motion) is a Canadian-based company founded in 1995 and shipping some of the first models of what would become the famous Blackberry in 1998. RIM reported almost $15 billion in income for 2010, making it one of the top telecommunications companies globally, still holding about 11% of the global market (Sweeney, 2009). For years, the Blackberry devices were the premier choice of the business world, able to channel email and connectivity in a way no other device at a similar price could. Continually pressured to "do more," though, by the mid-2000s RIM faced a business conundrum -- what to do about explosive growth. Because it was not just the Blackberry platform that was growing so quickly, the very idea of an ultra-competitive marketplace complicated matters. RIM
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Market Demands- Blackberry's two real advantages were its ability to integrate with network servers of all kinds for group email and the ability to seamlessly utilize SMS technology to allow users to communicate with others with the same capability. In the United States alone, we find:
US Mobile Content Market = 68.7 million text users
86% of individuals over 16 own a mobile phone
There are almost 300 million phone users
240 include MMS capability
Despite freedom of cost, 70% of users actively use text phones.
Figure 2 -- Total U.S. Messaging Users
(Source: http://www.cellsigns.com/industry.shtml)
With this kind of volume increasing each year, RIM faced several choices when deciding upon ways to remain an aggressive player within the market. There are always, of course, limitations in funding, production, distribution and internal staffing that must be considered. Any of the options would require new and innovative team members. With several options, a few of their choices included:
Improve line, but improve it quicker -- the Better Unit Option -- RIM has a campus recruiting program as well as a fairly successful networking approach to finding talent. However, to quickly improve and become more competitive, RIM could… READ MORE
Quoted Instructions for "Managing Explosive Growth Within the Business Paradigm" Assignment:
Please do a CASE ANALYSIS on *****"Research In Motion: Managing Explosive Growth,*****"
The analysis should answer the following:
*****¢ underlying issues. In identifying the issues, you should be able to connect them to the Management principles which apply to this situation.
*****¢ Discuss the facts which affect these issues. The case may have too much information. In your discussion, you should filter the information and discuss those facts which are pertinent to the issues identified above.
*****¢ Discuss your tentative solution to the problem and how you would implement your solution. Once you have focused in on the issue(s) of the case, your first step is to examine alternatives courses of action that could be utilized to address the issues. You should be able to define at least three distinct possible lines to approach the problem. Once you have defined at least three alternatives, you then will chose among them to select a recommendation. What actions would you propose to correct the situation, based on the knowledge you have gained in this course? Be sure to support your recommendation by citing references in the text and in the supplementary readings. You should also draw on other references such as business periodicals and Management journals. Remember that an ANALYSIS is more than simply a SUMMARY of the Case Study.
*****¢ Discuss follow-up and contingency plans. How will the organization know that your proposed solution is working? What should they do if it does not work?
Thanks *****
*****
How to Reference "Managing Explosive Growth Within the Business Paradigm" Case Study in a Bibliography
“Managing Explosive Growth Within the Business Paradigm.” A1-TermPaper.com, 2011, https://www.a1-termpaper.com/topics/essay/managing-explosive-growth-within/792908. Accessed 5 Oct 2024.
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