Friday, May 3, 2019
Is there a market for wool suits that are washable Essay
Is there a market for wool suits that are washable - Essay ExampleThe strategies for the future will be regarding the blowup of the market, cost of production, cost effectiveness and market vulnerability of the strategies of the beau monde. As the worry comprises of directing and controlling the company, the coordination is required. This necessitate harmonizing the group towards accomplishing a goal. The resources available to the company are assessed and are divided into human, financial, technological and natural resources. The prudence deals with the power by position and this combined with leadership qualities involves the influence in marketing the product. When the company is maven of the market leaders its products, the management qualities can be combined with leadership qualities and can be apply for growth of the company. As the analysis of the company in this paper is not a new company, the management with the combination of the leadership can be discussed when nee ded. 1The stand taken in this paper is that the family learn strategy is more effective than the single name strategy. This is because in this case, each product will have a separate name under a family strike out name. This will be viable for the companies that receive diversified product line. This in turn requires product line management to make the company sure-fire in keeping the family brand name popular by quality and marketing. The company may drowse off its dominant position and fails to capitalize on its position if its strategy fails. The strategy of the company that uses high engineering to produce its goods represent unique challenges from other or competitors in the industries.2.2 Product line strategy The company should follow the changes in technology that brings about remarkable changes in the quality of the products. When the technology is advancing rapidly the lifetime of the product is short and at this juncture and period, the family brand name helps the companies to market the products on the brand value of the family name.
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