The Organization You Work for Is Characterized by the Following

Essay

The organization you work for is characterized by the following:
•The organization was incorporated only 18 months ago
•Your end products are assembled using international components
•The organization competes in a high-tech industry
•The lifecycles for your products are relatively short
•The market for your products has seen a 30% growth rate in the last 12 months,and you expect to sustain growth rates of 30 to 50% over the next three years
All of these points lead to the conclusion that this is a relatively young organization that has grown quickly and will continue to experience considerable growth and change over the next few years.
In order to remain competitive the organization is looking to you to develop a plan in terms of establishing a sourcing strategy.Provide FOUR initiatives that you would suggest to management and describe why each is important.