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Copyright awareness in some countries may still be low, and the government refuse to take charge in handling copyright cases.

Tesla need to make sure that their assets are protected or else they may have some copycats in their design and concept.

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1. Market Penetration:

Selling more of the same things to more of the same customers

2. Market Development:

Selling more of the same things to different customers

3. Product Development:

Sellingnew products or services to the same customers

4. Diversification

Selling new products or services to different customers

Andrea

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Advantages and limitations of 4 elements of Anspmatrix 

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Advantages and limitations of 4 elements of Anspmatrix 

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Advantages:

- Allows a business of individual to weigh up a complex situation or decision

-  They take very complex scenarios and allow for a rapid and easy assessment

Disadvantages:

- Highly simplistic and does not factor in the external environment

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The role of ethics in change associated with the growth and evolution of organisation

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The role of ethics in change associated with the growth and evolution of organisation

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- Responsible of ourselves as an individuals and community/organisation.

-Responsible to clients, significant others and social responsibility.

- Aware of rapid technological advancements, competitor’s products and services, the effects of globalisations, and opportunities and threats within their own industry, to name the most obvious. Leaders must also keep a constant eye on the mission, vision, values, culture, strategy and goals of their own organisation.

Raina

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This occurs through dealings with outside organisations. This growth usually comes in the form of alliances or mergers with other firms or through a takeover.

Raina

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Benefits and Limitations of external growth

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Benefits and Limitations of external growth

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BENEFITS

Faster speed of access to new product or market areas

Increased market share / increased market power

Access internal economies of scale (perhaps by combining production capacity)

Secure better distribution channels / control of supplies

Acquire intangible assets (brands, patents, trademarks)

Overcome barriers to entry to target new markets

Defend a business against a takeover threat

Enter new segments of an existing market

Generate new skills, experience and customers.

LIMITATIONS

The main disadvantage of external growth is cost. The cost of external growth tends to be relatively higher than internal growth.

Raina

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the role of ethics in change associated with the growth and evolution of organisation

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the role of ethics in change associated with the growth and evolution of organisation

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Bareng

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advantages and limitations of 4 elements of ansoff matrix

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advantages and limitations of 4 elements of ansoff matrix

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Andrea

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advantages and disadvantages of joint ventures

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advantages and disadvantages of joint ventures

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Advantages:

-greater sales, but neither loses its legal identity

-cost and risks are shared

-bring different areas of expertise, and create a powerful combination

Disadvantages:

- have to share profit

-might not achieve the desired outcome

-management of two businesses might be different

-business can disagree

Kiara

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When two or more businesses agree to work together on a particular business or to reach a certain goal. These two ore more businesses often create a new division to reach that goal and is only for a finite time frame- Kiara

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Benefits and limitations of external growth 

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Benefits and limitations of external growth 

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Raina