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Why do large companies struggle with pursuing new opportunities – even when they are successful in their core businesses?

Category: Business & Management Paper Type: Online Exam | Quiz | Test Reference: CHICAGO Words: 520

        The large companies struggle to find new areas for the profitable growth and comforts in the market. The large organizations search for new growth opportunities and botch the acquisitions and mergers (Infoentrepreneurs. org, 2018). The growth opportunities are receiving endorsements for the prominent strategies. The prime objective for searching new opportunities is to understand the requirements and needs of customers.

        The needs of the organizations are to develop the current segments based on the needs of the customers. The innovative segments in the market are required for core asset maintenance (Mckinsey. com, 2012). The reason is slice and dice of the offerings for the profitable, customer centric, and creative considerations. The unlocking of the new opportunities is required for the generation of the profits and to generate the required changes. By pursuing new strategies and offerings the foundational assets can be addressed (Forbes. com, 2014).

          The first need of the organization to manage the inventory assets for the hard stuff as well as soft stuff. The baseline question is deeper for the current customers and to meet the requirements of customers. If a company provides biased opinions and promising opportunity there are certain measurable criteria's including the degree of the risk, the feasibility of the implementations, profit potentials, and time of delivery (Inc. com, 2018). The uncovering of the opportunities in the business enables to launch the business simultaneously even the comparing of business can spend more bandwidth in the leadership. The better approach in the companies is required for the significant concerns and opportunities (Info entrepreneurs. org, 2018).

        The large companies are facing strong competition, therefore, they have to an incumbent with the recognized potentials. The growing business is facing challenges, opportunities, and demand for certain solutions. The main reasons for finding new opportunities and growing business includes planning ahead, problem solutions, the right systems, skills and attitudes, and to improve financial management and cash flow in the market (Mckinsey. com, 2012).                  

References of companies struggle with pursuing 

Collegefactual. com. 2018. Compare Nebraska Wesleyan University's Scorecard to Other Colleges. https://www.collegefactual.com/colleges/nebraska-wesleyan-university/scorecard/.

Elearningindustry. com. 2013. How To Deal With Poor Employee Performance. 11 21. https://elearningindustry.com/how-to-deal-with-poor-employee-performance.

Forbes. com. 2014. The 5 Reasons Big Companies Struggle With Innovation. 01 08. https://www.forbes.com/sites/georgedeeb/2014/01/08/the-five-reasons-big-companies-struggle-with-innovation/#513556672958.

—. 2018. The Top Challenges CEOs And Leaders Face And How To Overcome Them. 11 06. https://www.forbes.com/sites/forbescoachescouncil/2016/11/06/top-challenges-ceos-and-leaders-face-and-how-to-overcome-them/#596c3df46441.

Ibm. com. 2013. And we are leading by example. https://www.ibm.com/annualreport/2013/bin/assets/2013_ibm_strategy.pdf.

Inc. com. 2018. 5 Steps to Finding New Growth Opportunities in Your Core Business. https://www.inc.com/ilan-mochari/edge-strategy-profitable-growth-alan-lewis-dan-mckone-lek-consulting.html.

—. 2018. What Should a New CEO Focus on First? And Just as Importantly, Next? https://www.inc.com/jeff-haden/what-should-a-new-ceo-focus-on-first-just-as-importantly-next.html.

Infoentrepreneurs. org. 2018. THE CHALLENGES OF GROWING A BUSINESS - AND HOW TO MEET THEM. https://www.infoentrepreneurs.org/en/guides/the-challenges-of-growing-a-business---and-how-to-meet-them/.

Mckinsey. com. 2012. The global company’s challenge. https://www.mckinsey.com/business-functions/organization/our-insights/the-global-companys-challenge.

Mindtools. com. 2018. Dealing With Poor Performance Lack of Ability, or Low Motivation? https://www.mindtools.com/pages/article/newTMM_80.htm.

Nebrwesleyan. edu. 2012. A Call to Come together . 05 01. https://www.nebrwesleyan.edu/sites/default/files/wysiwyg/nwu_annual_report_2013.pdf.

Panmore. com. 2018. IBM’s Generic Strategy & Strategic Choices, SWOT Analysis. 08 28. http://panmore.com/ibm-strategic-choices-strategic-management.

Seekingalpha. com. 2017. My IBM Strategy. 06 23. https://seekingalpha.com/article/4089701-ibm-strategy.

W-05.ibm.com. 2018. IBM Strategy and Change Services —Business Strategy. https://www-05.ibm.com/services/bcs/at/bcsserv/strategy-change/download_stch/sc_business_strategy.pdf.

 

 

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