Submitted by: Submitted by sumon
Views: 554
Words: 3491
Pages: 14
Category: Business and Industry
Date Submitted: 06/02/2011 03:06 AM
The impact of changing economics on well-established companies can be better understood & appreciated within the framework of “4-stage model of change”.
STAGE 1 → STAGE 2 → STAGE 3 → STAGE 4
Cost Plus Cost Management Revenue Management Revenue Plus
↓ ↓ ↓
←---------------→
Changing Economics •Cost Cutting •Diversifying the product •Development of
•Restucturing •Expanding the business or retail channel of
•Competition •Downsizing markets world wide distribution
•Technology •Reenginering •Simplifying the
•Customers line of the product
•Focusing on some
of its best selling
•Develop products
for younger genera
-tions
•By encouraging...