Question

What are some benefits of the network approach to project planning? What are some drawbacks?

Answer 1

Answer:

Benefits and downsides of the network approach to project designing

Project designing could be a procedural step in project management, wherever needed documentation is made to confirm prosperous project completion. It at the center of the project life cycle and tells everybody concerned wherever you’re going and the way you’re about to get there. The project arranges clearly defines however the project is dead, monitored, controlled, and closed.

Followings square measure the advantages of the network approach to project planning:

· Goes on the far side ancient internationalization, models inspire alternative analysis on internationalization.

· Describes business reality and context well.

· Has got empirical support.

· Addresses some shortcomings of the opposite approaches; as an example, internationalization behavior falling outside the standard models.

· Demonstrates the impact of internal and external actors and semi permanent relationships on internationalization.

· It will capture the connection and concurrence of internationalization.

· Can justify de- and re-, inward and outward internationalization.

· Suitable for describing the choice of the foreign market, customer, and entry mode.

· Shows that the resources necessary for internationalization will be no heritable through network relationships.

· Has contributed to developing analysis methodologies.

Followings square measure the drawbacks of the network approach to project planning:

· It has largely focused on massive and/or producing corporations.

· Has restricted strength as a tool for under-standing internationalization and drawing conclusions concerning its pattern.

· It offers imprecise predictions, uses indistinctive criteria (while not addressing however corporations shift positions within the typology) and includes too several variables.

· It doesn't show a way to produce relationships.

· Does not discuss the importance of decision-maker and firm characteristics.

· It doesn't examine however the businesses overcome the issues experienced in internationalization through their network relationships.

· Might be less appropriate for explaining radical strategic changes.

· Ignores some external factors propulsive AN enterprise towards internationalization like uninvited orders and government economic policies.