Skip to main content

There is always a right time and a wrong time for introducing something new.’ Comment.

Timing is an essential element in most endeavours. I would think that bringing out something new in business would be highly dependent on timing, as well. There has to be a need in the marketplace to which the new element introduced can be a response. I think that this takes a level of research of market understanding and the ability to ensure that the timing is right. For example, Apple's introduction of the Ipad last week coincided with an assessment of timing. Certainly, the technology was able to develop the Ipad about two months ago, but it was chosen as last week to be the time to introduce it. Timing was vitally important in this instance, and for the most, part, there is an exact time that figures into the introduction of something new.


  1. agree that there is always a right time and a wrong time for introducing something new, and I think it has directly to do with one word: trends.

    If we take business data and effectively analyze it to correlate the shopping and spending trends of consumers, we can decide which is the right time to introduce something new to the market.

    It would be futile, for example, to break peace with current shopping patterns if the going is good only to introduce something that might divert sales away from a hot item.

    What would work best is to exhaust sales in one department and then introduce something new of a different kind when the trends show that people's tastes and needs are shifting.


Post a Comment

Popular posts from this blog

Case Study: A perfect competition

In 1997, over $700 billion purchases were charged on credit cards, and this total is increasing at a rate of over 10 per cent a year. At first glance, the credit card market would seem to be a rather concentrated industry. Visa, MasterCard and American Express are the most familiar names, and over 60 per cent of all charges are made using one of these three cards. But on closer examination, the industry seems to exhibit most characteristics of perfect competition. Consider first the size and distribution of buyers and sellers. Although Visa, Mastercard and American Express are the choices of the majority of consumers, these cards do not originate from just three firms. In fact, there are over six thousand enterprises (primarily banks and credit unions) in the US that offer charge cards to over 90 million credit card holders. One person's Visa card may have been issued by his company's credit union in Los Angeles, while a next door neighbour may have acquired hers from a Miami …

What is the responsibility of business towards society? Why is social responsibility at a low pitch in India?

Responsibility of business towards society
A society consists of individuals, groups, organizations, families etc. They all are the members of the society. They interact with each other and are also dependent on each other in almost all activities. Thus, it has certain responsibilities towards society, which may be as follows:
to help the weaker and backward sections of the societyto preserve and promote social and cultural valuesto generate employmentto protect the environmentto conserve natural resources and wildlifeto promote sports and cultureto provide assistance in the field of developmental research on education, medical science, technology etc.
In other words, the responsibility of business towards society are:
Protection of environment.Better living conditions like housing, transport, canteen, crèches etc.Promotion of sports and culture.Opportunity for better career prospectsRegular supply of goods and servicesProper working conditions and welfare amenitiesGoods and services at…

Discuss the relationship between economics and management functions. How does the former contribute to the latter?

Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilize the other. Economics provides the broader understanding of economic activity within which all organizations function; management in turn analyses the character and goals of that functioning. The management economics is often a subsection of the economic science and thus in broader sense a special form of the social, culture and Geisteswissenschaften. Like the economic science it is based in principle on the fact that most goods are limited and must by the participants be managed. It describes the economic functions of the enterprise within a national economy. In addition above all the optimal organization of the factors of production belongs apart from the company targets and the economical functions. In the broader sense also all households are enterprises.