Company G's market reputation allows its new products to have a positive reception from consumers. Company G's skilled employees, including engineers and designers, will enable the company to create unique and quality electronic products. Adequate resources, especially financial, enable the company to sufficiently finance its manufacturing operations among other operations (Rodriguez et al., 2017). Two of the company's strengths that can be applied as skills include market reputation and qualified employees. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Company G's limited expansion capital prevents it from opening local branches and expanding into international markets. The company's production processes, which require a lot of time and labor, mean that it has to incur many overhead expenses which are passed on to the costs of the final products (Kotler, 2012). The limited penetration that the company experiences in the market prevents it from acquiring new customers. By opening new stores in different locations, Company G will be able to distribute its new product nationwide. The integration of modern technology into the company's manufacturing operations will ensure that the new product is of higher quality than other similar products on the market (John and Katherine, 2008). Collaboration with other companies will allow Company G to access more financing to finance the production process of the new product. New entrants to the industry will reduce Company G's customer base; therefore, sales of the new product will probably not be as high as expected. Competition from online-only companies and stores will cause demand for Company's G's new product to be low as consumers will opt for similar products sold online. Changing trends make it difficult to predict future market patterns; therefore, Company G cannot predict how the new product will perform in the future (John and Katherine, 2008). Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Product objective involves Company G producing the right product that will satisfy consumers.
tags