A <u>steering committee</u> includes a group of senior managers responsible for system development.
A steering committee is an advisory organization that makes directional choices on various organizational initiatives. Its members at once aid project managers working in the direction of strategic enterprise directions.
Key roles and responsibilities of a steering committee: it provides recommendations on mission resource utilization, time limits, staff hiring, and advertising wishes. Manual the assignment group in accomplishing milestones in step with the challenge plan. determine average mission scope and strategic project route.
The board is made of individuals who participated on the guidance committee that created the business. The steering committee is normally composed of industry leaders inside the network that help generate assistance for the entity.
Learn more about staff hiring here brainly.com/question/2158595
#SPJ4
When a firm is experiencing lesser profit it can come up
with different strategy to improve its present product rather than developing
new product because improving present product involves lesser cost therefore
more profit. The answer is B. Product Extension and C. New product placement.
Reintroduction is one way, it is launching the product
using more creative sales and marketing strategy. It can target a new market segment,
provide more information about the product and use more appealing
advertisements. The product’s packaging can also be changed to make it look
more attractive and fresh.
Product
extension can be use as it is targeting a new market. It can
involve exporting the products. This strategy may be costly but when successful
will level up your product’s quality as it passed exporting quality. It is
changing the market NOT the product.
New
product Placement is a strategy where in the products are
advertised by placing it in media. The products are shown for example in
movies, the character uses the products that way it can give awareness to the
viewers how the products can be used and also the brand and name of the
products are advertised without direct reference to the product. It doesn’t
involve changing the product’s feature only the product placement is changed to
a new one.
<span>Rebranding can also be used. It is introducing your
product with a new name, changing the product’s name not only its packaging but
the total appearance. It gives the product a whole new image to target new
image audience or expand its audience.</span>
The flexible strategy is used to avoid the delay in assessing the external constraints.
The following information regarding accessing external constraints:
- It could be thrust upon an organization.
- It permits for uncovering the things that are beyond the control.
- The example involved national holidays or sick leaves.
If we accessing the external constraints so the delay could be avoided.
So, The other options seem incorrect
Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.
Learn more about the external constraints here: brainly.com/question/17156848
Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.
Answer:
American Explorations current WACC is 9%
Explanation:
The computation of WACC is shown below:
= (Cost of equity × equity percentage) + (after-tax cost of debt × debt percentage)
= (12% × 50%) + (6% × 50%)
= 6% + 3%
= 9%
Since we have to compute only current WACC so we considered the 50-50 ratio. Hence, we ignored 70% cost of debt
WACC shows a relationship between debt, equity and the preferred stock.
