Attached. Please let me know if you have any questions or need revisions.Running head: BUSINESS PROBLEM SOLVING MODELBusiness Problem Solving ModelStudent’s nameInstitutional affiliation1BUSINESS PROBLEM SOLVING MODEL2Business Problem Solving ModelIntroductionA business problem is a gap created by a situation between the targets and the outcome.Model is a step that one can use to solve a problem in business. Therefore, there are steps that oneuses to solve the problem: “define the problem” know the overall cause of the problem. “Measurethe problem” using the appropriate method by corrected data to determine the performance in thebusiness. “Set a goal” to provide a direction and a vision to help in making choices for the path totake. “Determine the root causes” by the study of the working of the process. “Select the beststrategy” to solve the problem. Implement the strategies and evaluate the results. Therefore, Disneyprovides a practical reflection of the business problem-solving model.Problems identificationDisney’s entry into Asia was faced by various problems including high market competition,disruptions from the local officials, high operational cost, and poor market trajectory. Their targetareas for park construction was also targeted by the various government. The problems haled theiroperation despite discovering a potential market in Asia after a successful operation in Tokyo.However, the problems were discovered after entry meaning there was insufficient market analysisbefore entry which left Disney with reduced contingency planning implying the business strategywas not robust to be implemented. The inadequate market analysis problem was the main cause ofthe company’s delay in international integration which was marked by entry without havingconversant knowledge of the customer culture and the government policies. The aspect of thegovernment policies been obscure to the company management caused the company extra cost inBUSINESS PROBLEM SOLVING MODEL3fighting for their position and compatibility in Asia which could be incorporated in furtherinvestment exploration.Disney having inadequate knowledge concerning its competitors affected the integrationprocess since the business operations resembled the competitor’s strategies. But, if Disney’smarketing strategy was unique and different from the competitors there could be increasedcustomer enthusiasm which served as a problem that delayed the expansion operations in Asia.Furthermore, the conflict of interest between Disney and the government as a result of inadequatepolicies evaluation in the new market-leading to territory collusion between the new business andthe local government including china. However, the policies define the business investment cost,and since the company had insufficient analysis it was faced with a high-cost problem thataccompanied the complete process to ensure the business complies with the legal requirements ofthe new market environment. It is explicit that all the business issues secondary to Disney’s entryinto Asia resulted from inadequate market analysis to come up with the most effective businessstrategy.Problem investigationAsia was one of …
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