SACC is a 5-year old company. It serves a very focused hi-tech domain and has developed expertise over this domain. However, the domain is growth-constrained. Growth is certain but slow. Due to lack of rapid growth, you are unable to retain your employees. You see an opportunity to grow in a related field when the present financial crisis hits you. The credit required for branching out has become expensive and the customer assures of you of work but is not willing to commit. The employee turnover also has reduced due to the crisis. So the near term problem is resolved; but in long term you know that you need to diversify. But without a customer in hand you do not wish to invest now. Not acting immediately may haunt you when the present financial crisis disappears.
What do you do?
What do you do?
Expanding Scope of DO-178C
11 years ago
Posts
2 comments:
Diversify your inner self.
identify your weaknesses
work on them. you have time at hand. strengthen your fundamentals. be prepared for a challenge. when the clouds of economic uncertanity settle down you would be more confident and prepared to take o nany task.
Although the diversification u r talking abt is related but i think this may not be the right time to diversify.Though one can say that diversification is a risk management philosophy yet choosing the right timing will be criticial..
Addving value.. and thinking about how to have competitive advantage(if facing strong competion in this case) will be a right step.
Regards
Asad
www.thinksuccess.tk
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