"Conversion" from an Idea to an Opportunity Can Be Difficult

question 21

Essay

"Conversion" from an idea to an opportunity can be difficult for many organizations. What are the significant barriers to conversion that can prevent an organization from converting a good idea into value or to deliver value to an organization?

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Definitions:

Cartel Arrangements

Agreements among competing firms to control prices, limit production, or divide markets, often to increase profits at the expense of consumers.

Secret Price Reductions

The practice of offering discounts or lower prices to select customers or within certain channels without publicizing these reductions broadly.

Oligopolistic Market

A market structure characterized by a small number of firms that have significant control over market prices and competition.

Increase Sales

An objective of businesses aimed at growing the number of products sold or services rendered.