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Where would you start with your new business?

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Assume you are on the staff of the president of a business unit that manufacturers drivetrains for the automobile industry. The corporation has determined that a new technology will be used and therefore a new product line will be created. For example, instead of using gears, the company will introduce a continuously variable transmission. What are some of the factors that the business unit must consider when the new product line is introduced in the following year? Where would you start with your new business?

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The solution discusses where you should start with your new business.

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In planning for a new business, the initial focus for the project team is on acquiring the required resources for the proper execution of the new product line. Part of the project manager's assignment will be selecting a site location for manufacturing the new technology/product. Further, the IT manager and Systems Engineer both play a major role in assigning ...

Solution provided by:
Nichel Anderson, MBA, PhD (IP)
Education
  • BA, American Intercontinental University
  • MBA, American Intercontinental University
  • PhD (IP), Grand Canyon University
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