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Jun 23, 2008

English Chinese translation sample-Management training-Monitor market conditions or business alignment and Risks & Rewards

(Translated by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- website localization)

Monitor any changes in market conditions or business alignment so that you can tailor your approach to new conditions. Though you will not be able to see the market's future, you should be aware if there are changes in trends or customer needs.
Keeping on top of this will help you to make changes to the project along the way instead of ending up with something that is not feasible. If your company's goals or team's assignment changes, you must also take this into consideration before trying to implement the idea. If changes do occur, as team leader, you should do your best to refocus the team without losing the work they have done.
At this point in the process, you will not want to waste the time and effort your team has put in.You'll want to salvage what you can and keep moving forward. New conditions may call for new, untried solutions.


Is the reward great enough, given the risk? Identify all the potential non-financial risks for the project, like negative press or a bad reputation. Identify all the possible non-financial rewards for the project, like recommendations from satisfied customers. Can the risks associated with the project be mitigated in any way? What are the associated costs? If you wait a short while to begin the project, will the risks lessen?
Sometimes, additional information is available over time, and often, greater information lessens risk.


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