Project on wipro company. Wipro starts implementing Quantum digital transformation 2022-12-11
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Microeconomics is a branch of economics that focuses on the behavior of individual households and firms and how they make decisions about the allocation of scarce resources. It is concerned with understanding how these decisions impact market prices, production, and distribution of goods and services.
There are many potential research paper topics within the field of microeconomics, ranging from broad to specific, including:
The role of consumer behavior in determining market outcomes: This topic could explore how consumer preferences and expectations influence the demand for goods and services, and how this in turn affects the prices and quantities of those goods and services.
The impact of government policies on market outcomes: This topic could examine how different government policies, such as taxes and subsidies, affect the behavior of firms and consumers and the overall performance of markets.
The role of market structure in determining outcomes: This topic could examine how the number of firms in a market and their market power (e.g. monopolies, oligopolies, perfect competition) influence prices, production, and distribution of goods and services.
The impact of international trade on domestic markets: This topic could explore how international trade affects the demand for domestic goods and services and the prices of those goods and services.
The role of labor markets in determining wages and employment: This topic could examine how the supply and demand for labor influence wages and employment levels in different industries and regions.
The impact of technological change on markets: This topic could explore how advances in technology affect the production and distribution of goods and services and the demand for different types of labor.
The role of market failures in determining outcomes: This topic could examine how externalities (e.g. pollution), information asymmetry, and other market failures can lead to market outcomes that are inefficient or unfair.
Overall, microeconomics research paper topics can cover a wide range of topics, from consumer behavior to international trade to technological change. The key is to choose a topic that is both interesting and relevant to current economic issues and debates.
Full Case Study On Marketing Strategy of Wipro
The company mainly operates in the US. Its equity shares are listed in India on the Mumbai Stock Exchange and the National Stock Exchange; as well as on the New York Stock Exchange in the US. Price Its pricing policy is widespread and diversified as its product portfolio. Each account acts as a development centre for a dedicated customer and gets a business target from its corresponding business unit. Offers an integrated portfolio of solutions in Organizational Size Wipro is a very big organization in terms of size. Organizational Change Handling at Wipro Team with leadership to create a business vision that facilitates a guided coalition of leadership to support the business change imperatives.
Sometimes organizations are able to control the environment in which they are operating rather than other way round because of some of the wise decisions made by the managers. Marketing strategies of Wipro To compete with other competitors, Wipro engages in high marketing and promotional activities. Which has resulted in slow growth across the organisation? It caters to many enterprises to provide IT service and business solutions both domestic and international. Startup Partnerships Its Wipro ventures maintain investments in leading-edge startups in areas like big data, artificial intelligence, open-source, cybersecurity, and IoT. So, each unit requires specialized knowledge, skills, and trainings.
Strategy Wipro is in more than one line of business, so it has got a Corporate Level Strategy. With the strong discretion of the owners and managers in the quality of service, Wipro was the first Indian company to introduce the "Six Sigma" in IT sector and changed the environment of Indian IT industry with companies like TCS, Infosys following the trend and building up on the environment created by Wipro. Hope you liked this case study and found it informative and insightful! In service sector as Wipro is acting as a mediator, using mediating technology, it does not have a dedicated suppliers or distributors, but it changes with the changing parties which are being served. The Middle Line This part consists of the team of highly motivated individuals who anchor the organization to relentlessly provide world class IT and business solutions. The main aim of financial accounting statements is to provide an image of financial position and business performance. Retrieved 22 September 2022. Details about the owner: Over the global delivery platform, the Wipro Technologies ranked as the best provider of the integrated business technology as well as process solutions.
Reducing the price of exports by decreasing the exchange rate makes them more attractive and competitive in export market. This corporate level strategy has identified following business lines for Wipro. Wipro Limited Wipro Limited NYSE:WIT is amongst the largest global IT services, BPO and Product Engineering companies. The company is constantly developing and evolving. Hence by controlling exchange rate and appreciation for currency, government plays a role in dynamics of this industry. The network of distributors is based on the sales of products, for example in case of "Santoor" soap which is more sold in Southern part of the country, the distributors network is more dense here rather than in other part of the countries.
Digital Media Presence A digital presence simply refers to how your business appears online and how you manage your brand on various social media platforms. On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited, to Wipro Products Limited. Marketing Mix of Wipro Marketing Mix is the set of actions that a company follows to promote its brand or product. Today there are more 800 people working on such innovative ideas. Today, Wipro generates USD 6 billion India GAAP figure 2009-10 of annual revenues.
Wipro Infotech Wipro Infotech is the strategic IT partner for companies across India, the Middle East and Asia-Pacific — offering integrated IT solutions. Vertical Differentiation As can been seen in the figure given below, vertical differentiation is moderately high because of more levels of hierarchy. So, each unit requires specialized knowledge, skills, and trainings. In 2020, Wipro came up with a strategic plan on building a better tomorrow while driving towards accelerated growth. This has meant that companies today have to be nimble and constantly innovate on their offerings and business models. Over the past 25 years, the Wipro Infrastructure Engineering business unit has become a leader in the Hydraulic Cylinders and Truck Tipping Systems markets in India. Wipro CFO Jatin Dalal has taken the lead for digital transformation across all functions of the company.
Wipro starts implementing Quantum digital transformation
Its headquarters is located in Bangalore, India. Wipro draws its competitive advantage vis-ÃƒÂ -vis the other Indian IT service providers from five specific differentiators. These were then correlated; extraction rules and parameterized were mixed to the scripts. Formalization Jobs within the Wipro are highly formalized. The Organization Design Present The Professional Bureaucracy Professional bureaucracy fits well for Wipro Limited as a group of organization.
Moreover, the company has positioned itself as one of the best and high quality IT services providers. Centralization Centralization in Wipro is moderate. Global Footprint with Emerging Market Knowledge Wipro's global footprint is also an important differentiator among its Indian rivals, especially given its higher portfolio split towards emerging markets. A present slump in number of H1B visas taken up is also a reflection of the same. However, the decisions flow from top but there is considerable amount of autonomy with the operating core in view of their highly specialized and professional knowledge.
Creating and Evaluating Business Plan of Wipro Technologies: IT Company
But before we start with its business model let us know about Wipro as a company. NET is the platform in which this application is developed. The project will appraise the size of teams across departments and incorporate new technology to speed up operations. The researcher take this opportunity to express a gratitude to the people who played an important role in the successful completion of this project. At present, the facilities of software development are present around the world in six countries. It seeks to minimize risk and maximize opportunity for profit. Retrieved 16 November 2013.
Wipro Technologies Wipro Technologies is the global IT services business division of Wipro Limited. It has already delivered incremental growth in existing accounts and the increased sales in these accounts are a sign of the success of the initiative rolled out in 52 key accounts. With more supply of products and services than there is demand, the customer is in a position to demand an ever changing array of tailored products and services. The market professionals are warranted by this process in order to be equipped with several processes of market knowledge, as well as the perceptive of wider role of different market segments. Today Customers are looking for partners versus suppliers. For example, even a simple process of revenue estimation in a particular project in a location would take time as executives from multiple teams would first discuss and then punch details in a spreadsheet.