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Managerial decision making

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I need help answering the following questions:
1) Creat a solution using strategic variables available to you to sustain the economic profits a business can earn.
2) What are some of the pricing strategies that you would recommend?
3) What are some of the non-pricing strategies that you would recommend?
4) What kind of innovations would you propose to sustain the organization's uniqueness?

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Managerial decision making is discussed very comprehensively in this explanation..

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Managerial decision making: Market Structures

I need help answering the following questions:
1) Create a solution using strategic variables available to you to sustain the economic profits a business can earn.
The strategic variables that we see show a weak economy. the unemployment rate that was 6.6 in Oct 2008 has climbed to 8.5 in Mar 2009. The government regulations relating to availability of finance have become more stringent, people have become more health conscious and demand in general has declined,
In such a situation the solution is to come up with products that are substitutes of relatively expensive products, price them reasonably, ensure that the products comply with the government regulations, and meet the needs of the target segment. The strategic objective will be achieved only if the variables are designed to meet the needs of the population.
The choice of strategic variables depends on the market structure. For example, if there is oligopoly in the market, the strategic variables will be price and quantity, on the other hand different market structures support different strategic variables.

2) What are some of the pricing strategies that you would recommend?
If a new product is being launched if your ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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