Answered: You work at a company whose primary…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You work at a company whose primary product is a software program that caters to the restaurant industry by providing a basic CRM for reservations and operational logistics. The software uses some predictive data analytics, but, for the most part, does not leverage genAI. According to what we have learned so far, how would you begin to think about what your company's strategy should be in the next five years? Group of answer choices Research genAI and abandon the current software in favor of a genAI product that uses the current best-in-class tech, no matter the cost. Immediately pursue sale of the company to a restaurant conglomerate. Think about/map out internal and external factors that may affect the company, including potential threats to the industry (such as genAI) and company-specific sources of competitive advantage.

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