24/7 writing help on your phone
Save to my list
Remove from my list
1. How will the new CEO's vision change the Lakeland Marvels organisation?
- Change of brand name image- no longer 'Handcrafted with pride in the U.S.A.'. - Modification of organisational culture with the proposed growth. - Produce brand-new earnings streams with expansion into new markets. - Departure from the standard design of the company.
2. What are the main issues of the stakeholders who do not concur with her vision?
- Loss of Lakeland Marvels image and '94 year tradition'. - Broadening too rapidly could damage the business, issue over speed of modification.
- Potential logistics concerns with outsourcing.
- Concern over quality control and possible damage to brand image. - Regional, long term partners would be lost. - New CEO's absence of clear brand name technique for proposed brand-new items. - Union issues- threatened by outsourcing, not spoken with previously on, and so on - Brand-new CEO's strategy to bring in brand-new individuals (Cecil, Pat) will make long term employees feel threatened and insecure.
3. Does your group think the proposed strategy is a good strategic move for Lakeland Wonders? If yes, why? If not, why not?
We think that the proposed strategy is a good move for the following reasons: • Increased growth potential, increased profits- enabling the company to grow in line with targets set by board. • Expansion into growing market-mid non-electric market only segment predicted for double digit growth. • Ensures the company remains competitive over the long term.
• Cost effective. • New staff, new ideas and fresh growth- overall improvement for the company.
However there are also some negatives: • The overall planning is needs to be effective and complete otherwise it could be damaging to the company. • CEO’s push to force through the changes is causing divisions within the company. • Potential loss of the core quality of the company (traditional, made in USA, etc.) • Risk alienating current customers.
Lakeland Wonders Case Study. (2017, Feb 15). Retrieved from https://studymoose.com/lakeland-wonders-case-study-essay
👋 Hi! I’m your smart assistant Amy!
Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.
get help with your assignment