A Company Is Deciding If It Should Design a Product

question 94

Essay

A company is deciding if it should design a product in-house or outsource the design. If outsourced, the cost for a low bidder would be $40,000, and the cost for an expensive bidder would be $100,000. To design in-house would require overtime for an already stretched design team with total costs of $70,000. If all three designs (in-house, low bid, high bid) are equal in quality and the likelihood of finding a low bidder is 60% (meaning that 40% of the time the firm will have to hire the expensive bidder), should the company outsource design or do it in-house?

Understand the types of organizational stress management practices and their targeted areas.

Gain knowledge about the different personality types and their relation to stress management.

Recognize the components and benefits of stress-release programs and wellness programs.

Comprehend the characteristics and impacts of a hardy personality.