New and Improved! Managing Resources for Old and New Product Generations
Improving the cost, quality or timeliness of a firm’s products and processes requires a variety of scarce firm-specific resources. Though firms need to engage in these practices to remain competitive there is also a cost involved. This leads to a key question: When should a firm switch all its learning resources from an older to a newer product generation? Professors Demeester and Qi … [ Read more ]
Content: Article | Authors: Lieven L. Demeester, Mei Qi | Source: INSEAD Knowledge | Subject: Operations
CargoExchange.Net Pte Ltd
Nearly every entrepreneur faces this dilemma at one point or another: continue borrowing to keep the company afloat or face reality, pay out creditors, and call it a day. For Singaporean serial entrepreneur, Marianna Tan, the day of reckoning came in February 2001. As Professor Michael Pich and Mei Qi explain in this recent case, Tan’s company, CargoExchange.Net Pte Ltd, had just enough … [ Read more ]
Content: Case Study | Authors: Mei Qi, Michael Pich | Source: INSEAD | Subject: Entrepreneurship | Company: CargoExchange.Net Pte Ltd