Strategic managers should be careful not to be influenced by FAD in their decision making. The statement implies that managers should not be moved by desirable market trends characterized with lots of energy and enthusiasm within a short period. The statement also means that the executive should try to explore new strategies, tactics, methods, techniques and approaches towards a problem. They should stop doing the same thing periodically. Besides that, the decision should represent the existing situation of the company. Trying to copy and do what competitors have implemented is not the best approach; rather, alternative means should be encouraged. The center of managerial decisions should be long-term and not merely short term because of the attractive deals.
simpleman Anto answered the question on February 8, 2018 at 11:42
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Consider the following simple two period model: There are n customers, each of whom is willing to pay V per period to buy a nondurable...
(Solved)
Consider the following simple two period model: There are n customers, each of whom is willing to pay V per period to buy a nondurable good. There are two producers that produce the good at a constant marginal cost of c. The producers are unable to commit to future prices. In order to switch consumption from one firm to another, a consumer must pay a switching cost s. Use this model to discuss the concepts of switching costs and lock in.
Date posted:
February 7, 2018
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Answers (1)
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Explain the factors that negatively impact the work of updating existing software applications.
(Solved)
Explain the factors that negatively impact the work of updating existing software applications.
Date posted:
February 7, 2018
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Answers (1)
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IT contributes to economic growth. Discuss the various channels which this takes place supporting the fact that developed countries have invested heavily in IT.
(Solved)
IT contributes to economic growth. Discuss the various channels which this takes place supporting the fact that developed countries have invested heavily in IT.
Date posted:
February 7, 2018
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Answers (1)
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Why do prices of agricultural commodities keep fluctuating?
(Solved)
Why do prices of agricultural commodities keep fluctuating?
Date posted:
February 6, 2018
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Answers (1)
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State the problems of using national income as measure of standards of living of people
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State the problems of using national income as measure of standards of living of people.
Date posted:
February 5, 2018
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Answers (1)
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Discuss the Keynesian theory
(Solved)
Discuss the Keynesian theory.
Date posted:
February 5, 2018
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Answers (1)
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What is unity of command?
(Solved)
What is unity of command?
Date posted:
February 5, 2018
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Answers (1)
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Clearly distinguish between application and firmware software
(Solved)
Clearly distinguish between application and firmware software
Date posted:
February 3, 2018
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Answers (1)
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ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication...
(Solved)
ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication sector, of which ICT is a part, grew at a compound annual rate growth of 7.7%, outperforming all other sectors of the national economy. During the recent economic slowdown the sector was not affected as much as other sectors of the economy. Explain how IT dampens the severity of business cycles.
Date posted:
February 3, 2018
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Answers (1)
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Discuss the three types of price discrimination in relation to information technology.
(Solved)
Discuss the three types of price discrimination in relation to information technology.
Date posted:
February 3, 2018
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Answers (1)
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ICT firms normally sell their goods at different prices. Explain why this is important in high tech industries.
(Solved)
ICT firms normally sell their goods at different prices. Explain why this is important in high tech industries.
Date posted:
February 3, 2018
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Answers (1)
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Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of...
(Solved)
Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of the population. However, Kenya is leading the way in transforming information technology usage in Africa. Explain some general trends that suggest that Information communication and technology will continue to be a driver of growth.
Date posted:
February 3, 2018
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Answers (1)
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The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity.
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The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity.
Date posted:
February 3, 2018
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Answers (1)
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Microsoft packages are sold together for a single price. This is attractive for information goods since the marginal cost of adding an additional good to...
(Solved)
Microsoft packages are sold together for a single price. This is attractive for information goods since the marginal cost of adding an additional good to a bundle is negligible. Explain the economic effects of such behaviour.
Date posted:
February 3, 2018
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Answers (1)
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Assume you have a company that recently extended it's operations into your country. Create the company and advise them how to develop a system to...
(Solved)
Assume you have a company that recently extended it's operations into your country. Create the company and advise them how to develop a system to run its operations effectively.
Date posted:
February 3, 2018
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Answers (1)
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The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit
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The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit.
Date posted:
January 28, 2018
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Answers (1)
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What are the types of government intervention in healthcare?
(Solved)
What are the types of government intervention in healthcare?
Date posted:
January 23, 2018
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Answers (1)
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Explain the source of financing healthcare in Kenya
(Solved)
Explain the source of financing healthcare in Kenya
Date posted:
January 23, 2018
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Answers (1)
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what are the advantages and disadvantages of economic growth
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what are the advantages and disadvantages of economic growth
Date posted:
January 23, 2018
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Answers (1)
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Explain the following terms: opportunity cost, scarcity, production possibility frontier
(Solved)
Explain the following terms:
opportunity cost
scarcity
production possibility frontier
Date posted:
January 23, 2018
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Answers (1)