Following the Tracks of the Case Study: When Trust Stretches too Far

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Case Study Analysis and the Further Plan of Actions

Planning is a natural element of any business venture and one of its most crucial stage; at the given stage, the assessment of risks and threats that the company can possibly face in the course of the given enterprise must be conducted to figure out whether the game is worth the candles.

Because of the lack of consideration and the trust that was not based on any piece of evidence, the CEO of the Wireless Telecom Company is likely to incur considerable losses. Analyzing the case stud, one can possibly assess the damage done and the actions that need to be taken to fix the problem.

There were a couple of mistakes which Olaf Gundersen made at the very start of the new venture. To start with, according to the case study, Olaf was not competent enough in the technical aspect of the issue; therefore, he was not able to assess the risks and the prospects of the Maximum Megahertz Project adequately.

Indeed, according to the existing rules described by Young, the technical aspect of a project is one of the key issues which are to be taken into consideration when evaluating the possible risks and the costs which can possibly be taken in the process; called project risks, they are “associated with the technical aspects of the work to achieve the required outcomes” (Young, 2010, 92).

However, when looking deeper into the case in point, one will be able to see that these were not exactly the technical issues that made Olaf fail the deal. It seems that the issue here is a systemic problem. Moreover, the reoccurring problem seems to deal with Olaf’s inability to see the possible outcomes of the business projects which he undertakes.

Hence, the further course of actions can be outlined in the following fashion. First of all, Olaf must Finally, the timeline of the project must be structured carefully and split into several stages (Nesheim, 2000).

To understand whether the project is going to become a full-fledged business that will bring tangible profit, one must consider carefully if all the goals of the project in question are met within the established deadline.

Hence, it can be considered that Olaf Gundersen can possibly fix the situation with the minimum losses. However, it is necessary to keep in mind that the plan for the further course of actions must be as detailed as possible. Including the elements concerning not only the inside factors, but also the risks that a project can possibly imply.

Reference List

Nesheim, J. L. (2000). High tech start up, revised and updated: the complete handbook for creating successful new high tech companies. New York, NY: Simon and Schuster.

Young, T. (2010). Successful project management: apply tried and tested techniques develop effective PM skills and plan implement and evaluate. Norfolk, UK: Kogan Page Publishers.

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Following the Tracks of the Case Study: When Trust Stretches too Far

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