country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Business Research Methodology: Stroz Friedberg Company

tag 1 Download5 Pages 1,210 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Business Research Methodology for Stroz Friedberg Company.

 

Answer:

Critical Success Factors in the Digital Forensics Industry

Cloud control is a critical success in the digital forensic industry. The reason behind this is the fact that digital forensic companies are employing cloud computing technologies to meet the increase in the data flow[1]. The increase in the data flow is because the data is stored and spread digitally. As there is an increase in the demand for the services that these industries offer, it means that the amount of data the companies deal with. At Stroz Friedberg Consulting firm, they deal with a lot of legal cases which demands that they sift through huge volumes of electronic data. Research reveals that by 2003, the world was already generating close to five exabytes of data which is equivalent to five billion gigabytes within a single year. Three years later when the IDC which is a technological research firm conducted an analysis, they discovered that the rate had gone up to one hundred and sixty-one Exabyte per year.

Digital forensic companies are also facing the challenge of not meeting the expectations of their clientele. That is, these companies fail to match the technology that the criminals are using. Evidence that backs up this concern is the fact that there is an increase in cyber-crime all over the world[2]. Moreover, the magnitudes for storage has also increased as the digital forensic companies are dealing with multitudes of data evidence. Competition is also a critical success factor in the digital forensic industry. When Stroz Friedberg was starting up, there was extreme competition for the opportunity that Stroz and Friedberg discovered[3].  Increased competition means that there is increased rate of substitution.

Stroz Friedberg’s Competitive Strengths and Weaknesses

Stroz Friedberg as a company can generate strength from its existing sales and distribution networks. The company is well established over the years through growth and expansion strategies (see Exhibit 1)[4]. For instance, the company acquired the Connecticut-based Docuity which was a company that focused on the provision of technology solutions based on e-discovery. This acquisition was strategic owing to the commoditized nature of the platforms belonging to e-discovery. There were numerous acquisitions afterward such as the Data Genetics International which means that the company’s networks are firm and far-reaching. It is a strength because it ensures that the organization’s customer base is sturdy ensuring that it can generate ample profits[5]. Another strength that the organization has is that its industry faces numerous barriers to entry which results in fewer competitors. Stroz Friedberg deals with the provision of risk management services which has a lot of pressure. With fewer people willing to join the industry, it means that the company can have a large market share.

The company’s source of weakness could be in the fact that they have poorly managed their growth. Scholars posit that when a company successfully reaches the growth phase, they should seek to manage the growth using entrepreneurship, risk-taking and autonomy. That will increase the level of creativity in the way the organization handles itself. This aspect lacks in the company’s profile which affects its profitability. Increased substitution rate will reduce the profit margin of the company. The tax structure imposed on this organization is also a weakness. It is stiff and demanding which results in increased operational costs.

 

Growing Pains

Stroz and Friedberg’s growing pains came from the organization of the company. It had grown and expanded faster that they had expected which resulted in the organization being a multisite company[6]. Therefore, without proper coordination of these entities, there will be confusion that could have devastating effects on the company. The roles and responsibilities of the people at Stroz and Friedberg were evolving, and that left many of them confused. Meeting organizational objectives, thus, became more difficult. Organizational culture was also the other factor that was identified. Typically, an organization is always defined by the people it attracted as well as the work it does[7]. For this organization, its work demands privacy which results in spotty communication among the members of the organization. For this reason, poor relationships are formed within the organization increasing the turnover rates of the company.

The company’s operational and business processes are inadequate when it comes to meeting organizational goals and objectives. The organizational review revealed that the company did not use goals, targets, and budgets effectively. These are the tools that the organizational leaders communicate their expectations to the entire organization[8]. Without these elements, the workers cannot know what is expected of them and thus, they will underperform. The rapid growth of the company also resulted in the strain of Stroz Friedberg’s information technology infrastructure. That growth increased the amount of data that the company dealt with which means that without improvements of their communication technology, it will be impossible to meet these growing data needs.

The actions that the organization took to address the growing pains were partly inadequate because of the fact that these measures do not address the problems that the rapid growth of the company. As much as the company has targets and objectives, these tools are being underused. The company is unable to meet the needs that the rapid expansion has created.

Recommendations

The disagreement about the FY2010 financial goals should be settled by establishing a compromise. Both of them have targets that are reasonable and realistic. Since they cannot agree by themselves, a third party’s contribution can be valuable. In this case, Lynch, who was the conductor of the organizational review, was the third party. He suggested a compromise where they would take eighty-five percent of the targets that each level of the organization provided[9]. Lynch also assigned e-discovery targets by headcount. With this compromise, it was easy to come up with targets that met the requirements of the two. The proposed strategic plan promised a better economy, increased e-discovery capacity and also an improved EDG platform.

However, Stroz and Friedberg fail to plan for the future data management factor because that is the current source of stress of the organization. The company should focus towards embracing research and development which will keep the company up to date regarding the improvements in communication technology. That will ensure that the organization can have better data management capabilities. The research and development sector will boost the strategic position of the company thereby securing its future.

 

Bibliography

Brettell, T. A., J. M. Butler, and J. R. Almirall. "Forensic Science." Analytical Chemistry 81, no. 12 (June 15, 2009): 4695-4711.

Dabbebi, O., R. Badonnel, and O. Festor. 2015. "An Online Risk Management Strategy for VoIP Enterprise Infrastructures." Journal Of Network & Systems Management 23, no. 1: 137-162.

Filinkov, Alexei, and Peter J. Dortmans. 2014. "An enterprise portfolio approach for defence capability planning." Defense & Security Analysis 30, no. 1: 76-82.

Gavin, David A, and Carin-isabel Knoop. 2013. "Growing Pains at Stroz Friedberg." Havard Business School 1-20.

Rachev, S. T., Stoyan V. Stoyanov, and Frank J. Fabozzi. A Probability Metrics Approach to Financial Risk Measures. Chichester, West Sussex, U.K.: Wiley-Blackwell, 2011.

Vincze, Eva A. 2016. "Challenges in digital forensics." Police Practice & Research 17, no. 2: 183-194.

Tennent, John. Guide to Financial Management. London: Profile Books, 2008.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Business Research Methodology: Stroz Friedberg Company. Retrieved from https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company.

"Business Research Methodology: Stroz Friedberg Company." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company.

My Assignment Help (2018) Business Research Methodology: Stroz Friedberg Company [Online]. Available from: https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company
[Accessed 02 April 2020].

My Assignment Help. 'Business Research Methodology: Stroz Friedberg Company' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company> accessed 02 April 2020.

My Assignment Help. Business Research Methodology: Stroz Friedberg Company [Internet]. My Assignment Help. 2018 [cited 02 April 2020]. Available from: https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company.


MyAssignmenthelp.com boasts a pool of 3000+ experts from different backgrounds, who are solely dedicated to providing premier quality assignment help. Due to the diversity in our expert team, we are capable of providing academic assistance in more than 100 subjects. Some of our popular services include math assignment help, economic assignment help, accounting assignment help, statistics assignment help, law assignment help and more at a reasonable price.

Latest Samples

CLWM4000 Business And Corporations Law1

Download : 0 | Pages : 7

Answer: The issue is to determine whether Martin had a duty of care towards Simon. The tort of negligence depends majorly upon the fact that whether there is an existence of duty of care by the defendant towards the claimant. Recognising one's legal duty of care is an obligation on the part of the defendant who must adhere to the reasonable standard of care for avoiding any possible injury to the claimant as held in Donoghue v Stevenson ...

Read More arrow

ACCM4200 Financial Accounting And Reporting 1

Download : 0 | Pages : 8
  • Course Code: ACCM4200
  • University: Kaplan Business School
  • Country: United States

Answer: Letter From: To: Dear .. Thank you for the discussion that we had on the issues that we had with reporting of accounting standards and accounting policies. To help with the decision-making process we have made the necessary suggestions for the company and all the necessary accounting disclosures with respect to the accounting standards, with respect to each specific issue is provided. All the issues are discussed in detail and...

Read More arrow

ACC706 Accounting Theory And Issues T318

Download : 0 | Pages : 7

Answer: Introduction Discussion of issues associated to the company On November 28 2018, the Economic Times reported that Bharti Airtel bears net consolidated debt of 1,14,557 crore out of which the borrowings pertaining to the Indian Operators was seen as 80,000 crores. Therefore, as per the recent report it can be seen that the company is suffering major problems associated to increased debt ratio (Kumar 2018).   Discussion...

Read More arrow

MNG03218 Managing Information Systems 10

Download : 0 | Pages : 18

Answer: Introduction The foremost determination of the paper is to focus on the implementation of the Customer Relationship Management in the business environment of Accounting and Finance Association of Australia and New Zealand for managing their business relationships with the potential customers and the customers (AFAANZ 2019). This business and non-profit organization is defined as the type of accounting industry having their clients ...

Read More arrow

HI5020 Corporate Accounting 13

Download : 0 | Pages : 14
  • Course Code: HI5020
  • University: Holmes Institute
  • Country: Australia

Answer: Introduction: The present report is based on the assessment of financial position of the three ASX listed companies that are having the business operations in the same industry. For the purpose of this report, the companies selected here are BHP Billiton, Bluescope Steel Ltd and Boral Ltd (BHP 2019). All the three companies are from the materials industry listed under the ASX 100. The report would take into the account the latest fina...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,240,264

Orders

4.9/5

Overall Rating

5,067

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

610 Order Completed

100% Response Time

Cheryl Zhao

PhD in Statistics

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

234 Order Completed

100% Response Time

Samantha Ji

PhD in Chemistry with Specialization in Organic

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

expert working good with ratio analysis i got full marks for ratio but overall good presentation.

flag

User Id: 207116 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work

flag

User Id: 264013 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

Brilliant work, paid attention to every details, And submitted on time for review.

flag

User Id: 338016 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

The report was exceptional. Thank you for helping me with this assignment, and I am very satisfied with the result. The content was exceptional and my grade was exactly what I needed, the writer was very on point and finished my report in a timely ma...

flag

User Id: 262907 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?