6. What are the principles of agile methods? 27. What are the Components of a Strong Value Proposition?

1. Customer Satisfaction
The customer needs to be satisfied with the quick delivery of the product.

2. Welcome Change

Even late in the development process, changing needs need to be addressed.

3. Deliver Frequently

Focus on a shorter timescale, and ensure products are delivered frequently. 
4. Work Together
The business and development team need to work together through the course of the project. 

5. Motivated Team

Team members must be motivated and trusted to complete the project successfully and on time. 
Having face-to-face interactions is one of the most effective forms of communication.
Advantages of Agile

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  Agile enables a large amount of collaboration and interaction between the client and the project team.
  
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  Thanks to this, clients have improved transparency, and therefore a clearer understanding of the phases of the project is present.
  
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  The product is delivered predictably, or sometimes earlier than expected.
  
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  The cost of the project is predictable and follows a rigid schedule.
  
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  Changes can refine and re-prioritize the product backlog.
  
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  Enables the client to prioritize different features, allowing the team to ensure maximum project value.
  
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  The project is broken down into smaller units, providing high-quality development, testing, and collaboration.
  
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  Agile Disadvantages
  

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  Organizational cultures can conflict with agile values
  
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  Teams may use inconsistent practices
  
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  Teams may encounter resistance from organizations to change in adoption.
  
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  27.What are the 3 Components of a Strong Value Proposition?
  

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  A value proposition is a statement of the value the company offers through its goods or services that differentiates its value from the competition's.
  
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  A company's value proposition is often included in its mission statement.
  
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  A strong value proposition understands its target market, offers specific value, and connects with its customers.
  

There are essentially three elements to a good value proposition. The first involves identifying the company's main target market, the consumer group likely to provide the bulk of the company’s sales. A business needs to have a clear idea of who its ideal customer is and shape its value proposition to appeal to that customer. A company must identify key demographics, such as age, singles versus families, or income levels, then design its value proposition to speak to that target market. The second key element of a value proposition is the specific value the company’s products offer. A company must clearly answer for its potential customers the question of why they should choose the company’s products over all other available choices. Some companies offer value in the form of the lowest price. Others offer the value of the highest quality. Time-saving is another potential value. If a company markets a proprietary technology or product not available from any other source, then that is a unique value it offers consumers. The third element of a value proposition covers how a company meets the individual needs or desires of its customers. This element is aimed at appealing to customers' emotions and establishing a relationship that hopefully engenders ongoing brand loyalty.
28.What are the characteristics of a matrix organization?

Matrix Structure

Firms can also have a matrix structure. It is also the most confusing and the least used. This structure matrixes employees across different superiors, divisions, or departments. An employee working for a matrixed company, for example, may have duties in both sales and customer service.
A matrix organizational structure is a combination of two or more frameworks, such as functional management and project management. In its simplest form, a matrix organizational structure comprises two chains of command, one person reporting to two supervisors.
A company may decide to use a matrix structure to use resources and employees across multiple locations. It allows a company to maximize the talents, strengths and expertise of their most valuable asset, their people. This organizational structure is also used to spread out skills and abilities among multiple departments or divisions when needed.

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Flexibility Between Departments Results in Shared Knowledge 

Open Communication Leads to Better-Informed Decisions

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Multiple Managers = Potential Conflict 

More Information = Slower Decision-Making 

29. 
    What is Human Resource Management?