do you think Mr. Jacksons growth plan is feasible? why or why not? See picture:
ID: 2451856 • Letter: D
Question
do you think Mr. Jacksons growth plan is feasible? why or why not?
See picture:
Garnett Jackson, the founder and CEO of Tech Tune-Ups. stared out the window as he finished his customary peanut butter and jelly sandwich, contemplating the dilemma currently facing his firm. Tech Tune-Ups is a start-up firm, offering a wide range of computer services to its clients, including online technical assistance, remote maintenance and backup of client computers through the Internet, and virus prevention and recovery.Explanation / Answer
The growth rate anticipated by Mr Jackson is a bit higher but feasible to achieve but the finnacial problems mentioned in the case may make it difficult to achieve that growth rate. They have anticipated a growth rate of 20% for the next few years. The industry in which they are working is a highly competitive industry and to get the desired rate of growth for the next few years continously is difficult. For this they have to invest heavily in the business. But given the finnacial constraint and their dependency on line of credit and internal funding makes it difficult to get the desired growth rate.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.