New User? Start here.
Error goes here
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. 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. 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. Increased competition means that there is increased rate of substitution.
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). 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. 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.
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. 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. 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. 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.
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. 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.
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.
To View this & another 50000+ free samples. Please put
your valid email id.
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
Get Moneyinto Your Wallet
Total 5 pages, 1 USD Per Page
*The content must not be available online or in our existing Database to qualify as
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 21 September 2021].
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 21 September 2021.
My Assignment Help. Business Research Methodology: Stroz Friedberg Company [Internet]. My Assignment Help. 2018 [cited 21 September 2021]. Available from: https://myassignmenthelp.com/free-samples/business-research-methodology-stroz-friedberg-company.
The respective sample has been mail to your register email id
* $5 to be used on order value more than $50. Valid for
We have sent login details on your registered email.
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.
Research an Australian Case Related with Breach of Director’s Duties
Kinsela v Russell Kinsela Pty Ltd (1986)
The brief facts of this case are that a funeral business was operated by the Kinsela family by incorporating a company. This company had taken insurance to cover the cost of funeral services, however after the introduction of a new law that was introduced with a view to regulate insurance s...
1. Cushing’s syndrome is a syndrome or disease which is caused by either excess production of cortisol or excess use of high dose corticosteroids. Cortisol is a hormone which is produced in outer portion of adrenal glands of kidney. The regulation of the production of cortisol is done by a hormone named adrenocorticotrophic (ACTH). It helps the body in condition of changes and stress like swelling or high blood sugar. In this case ...
Strategic Information System: Catapult Stores
Due to the increased complexity of the business processes and pressure of automating the business processes and cost cutting, it becomes impossible for the organizations to run their business without using IT systems in today’s time of Globalization and digitalization. This report will highlight the case study of one such organization called Catapult Stores, which is using t...
1. Knowledge management refers to the process which creates, gathers, organizes and shares the knowledge in the organisation. IT is an approach which aims at using the knowledge in the best possible way. Knowledge management is very important for the organisation in the global business environment (Amalia, 2009). It enables business in better decision making and make it easy for the business to find relevant resources. It helps the organ...
Ethics are the guidelines on which the actions of an individual are based in order to ensure that such actions are morally correct. In essence, ethics is the will of taking the morally correct actions, without considering the consequences of the circumstances and evaluating its effect on the society. The aim of this paper is to identify why ethical considerations are significant in the age of criminal justice. Is it ab...
Are you confident that you will achieve the grade? Our best Expert will help you improve your grade
BS6100 Strategic Management
NMIH108 Introduction To Health Behaviour Change
ITC571 Emerging Technologies And Innovation
ACC321 Auditing And Professional Practice
PM305 International Marketing
SOC 3116 Technologies, World And Societies
0302362 International Business
6HL007 Research For Health Project
TACC406 Accounting Theory And Applications
MGMT6004 Performance Management
Just refer 5 friends to earn more than $2000.
After the successfull payment you will be redirected to the detail page where you can see download full answer button over blur text.You can also download from there.
Or you can also download from My Library section once you login.Click on the My Library icon
My Library page open there you can see all your purchased sample and you can download from there.
That's our welcome gift for first time visitors
It is too easy to create or access your own library, just enter your email and make your search
MyAssignmenthelp.com stores a huge
COLLECTION OF QUESTIONS AND SAMPLES, which you can refer to any time you want.
Every time you find something useful, you can save that using the bookmark tool. From the next time,
can access that from your personalized library.
With this feature, you get to create your own collection of documents. You get free
choose and bookmark any document you wish.
Accessing the collection of documents is absolutely easy. Once you bookmark a sample,
access its content with a few clicks on your mouse.
This personalized library allows you to get faster access to the necessary documents.
longer need to spend hours to locate the sample you need.
Finding a sample from a list of thousands is nothing less than spotting a needle in a
Personalizing your own library relieves you from that stress.
On APP - grab it while it lasts!
*Offer eligible for first 3 orders ordered through app!
ONLINE TO HELP YOU 24X7
OR GET MONEY BACK!
OUT OF 33845 REVIEWS
Received my assignment before my deadline request, paper was well written. Highly