How can positioning statements aid in focusing a project team throughout the realization process?
What will be an ideal response?
Positioning statements can assist in focusing a project team on the market throughout the realization process. At each phase, senior management should require the project team to provide a positioning statement as part of its review materials. Each positioning statement would contain the three critical components : target, offering concept, and value proposition. Although the team might state elements of the positioning statement in broad or coarse terms in the initial phases, senior management would expect to see refinement and greater specificity as the project moves through the realization process. This expectation pushes the team to think about the characteristics of target customers, the essential attributes of the offering for customers, and the worth of the new offering to the customer. To reach this specificity, the team would have to translate customer requirements and preferences into design specifications and conduct value assessments with target customers.
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In a production cost report using process costing, transferred-in costs are similar to:
a. Material added at the beginning of the process. b. Conversion costs added during the process. c. Costs transferred to the next process. d. Costs included in beginning inventory.
_____________ explain why people have different needs at different times and how these needs motivate behavior while ______________ describe the cognitive processes through which needs are translated into behavior.
What will be an ideal response?
Jim, an attorney, allows a statute of limitations to lapse on a claim by Midwest Manufacturing Company, a client. Jim
A. can be held liable for malpractice. B. has violated an ethical standard but cannot be held liable. C. is subject to criminal penalties under the statute of limitations. D. will be automatically disbarred.
Jamison Company reports depreciation expense of $35,000 for Year 2. Also, equipment costing $140,000 was sold for a $5,000 gain in Year 2. The following selected information is available for Jamison Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.At December 31Year 2Year 1Equipment$610,000 $750,000 Accumulated Depreciation-Equipment 428,000 500,000
A. $38,000. B. $35,000. C. $40,000. D. $67,000. E. $23,000.