Ethical Problems in Product Strategy


Product quality, planned obsolescence, brand similarity, and packaging questions are significant concerns of consumers, managers, and governments. Competitive pressures have forced some marketers into packaging practices that may be considered misleading, deceptive, and/or unethical. Some firms make package larger than necessary to gain shelf space and consumer exposure in the supermarket. Odd-sized packages make price comparisons difficult. The real question seems to be whether these practices can be justified in the name of competition. Growing regulatory mandates appear to be narrowing the range of discretion in this area.

Product testing is another area that raises ethical concerns. To help assure consumers of product quality, many companies use seals of approval for their goods and services. Recently however consumers have begun to question whether the use of these seals is ethical, since they have to be purchased at fees ranging from $10,000 to $1 million. The seals also do not promise that the product is the best one on the market. Many of the organizations that offer seals of approval do not conduct product testing themselves or even compare brands.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

Concentric Diversification


Grand strategies involving diversification represent distinctive departures from a firm’s existing base of operations, typically the acquisition or internal generation (spin-off) of a separate business with synergistic possibilities counter-balancing the strengths and weaknesses of the two businesses. Diversifications occasionally are undertaken as unrelated investments, because of their high potential and their otherwise minimal resource demands.

Concentric diversification involves the acquisition of businesses that are related to the acquiring firm in terms of technology, markets, or products. With this grand strategy, the selected new businesses possess a high degree of compatibility with the firm’s current businesses. The ideal concentric diversification occurs when the combined company profits increase the strengths and opportunities and decrease the weaknesses and exposure to risk. Thus, the acquiring firm searches for new businesses whose products, markets, distribution channels, technologies, and resource requirements are similar to but not identical with its own, whose acquisition results in synergies but not complete interdependence.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

 

Preparing an Effective Presentation


The first step in preparing for a presentation is to analyze the needs of the audience. You can then tailor your presentation to their interests and expectations.

As you analyze your audience, consider the following questions:

  • What need or opportunity prompted the presentation?
  1. What is the general purpose of the presentation (for instance, a ceremonial occasion, information, persuasion, entertainment)?
  2. What kind of response or specific outcome do I want as a result of the presentation?
  • Who specifically, will be attending the presentation?
  1. What are the relevant demographic characteristics (such as educational backgrounds, ages, gender) of audience members?
  • What do audience members already know about the subject?
  1. What has been their exposure to, or experience with, the particular subject I am addressing?
  2. What background information is necessary for the group?
  • What is the audience’s attitude toward me, the presenter?
  1. What is the level of my credibility?
  2. How does the audience perceive my role in the meeting?
  • What is important to the audience?
  1. What do they want and need to know from my presentation?
  2. Of the information I have, what do they most need to know?
  3. How can I capitalize on the audience’s interests and expectations to reach my objective?
  • What are the physical arrangements?
  1. When will I be presenting? How much time do I have?
  2. How many people will be there?
  3. How will the audience be seated?
  4. What equipment is available for visual aids?
  • How will I improvise if my best-laid plans fall through?
  1. What if I have only a portion of the time that I expected?
  2. What if the audiovisual equipment I counted on is not available?

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Lectures, Line of Sight

Reproduction of Change Agents


A large force of change agents can quickly bring in not only many innovations but also a culture of innovation. A number of companies that successfully attempted turnaround from sickness showed how this can be done.

 

One strategy for creating numerous change agents is to identify those with fire in their belly, give them training and exposure, and empower them to innovate. Another strategy is to shock the stolid into the recognition of the need for innovations and changes, provide them with a vision of change, and provide opportunities to them to contribute innovative ideas and actions. When orchestrated, the two strategies may give excellent results in terms of yielding not only numerous innovations but also an innovationist organizational culture.

 

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please contact www.asifjmir.com, Line of Sight