A business may have a great new product, but if the financials aren’t secured with investors, then the business may struggle with its development.
In the NeoMed Technologies case study that is available in the Wk 6 Learning Activities folder and in “Part 6: Cases” of your course textbook, Marc is the president and founder of this well-developed organization. The management team faces several challenges with business development, specifically with finances.
After reviewing the provided case history, consider the next steps the management team needs to take to secure NeoMed Technologies’ future and respond to the following questions:
- Which possible strategic solutions would benefit the organization most?
- How will implementing these solutions affect the company? Justify your rationale.
Response Requirements
- By Thursday, respond to the prompt above in a minimum of 175 words.
- By Monday, post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.
- Include one or more peer reviewed journal articles from the UoP Library to support your response and provide academic credibility. This reference must have a corresponding in-text citation. These must both be in APA format. Without these (as a whole) there is an automatic 10% deduction.
