Buy custom The Importance Of Planning For A Stereo Manufacturer
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
5 / 1397 |
Essay's paper body
Even though many manufacturers operate in both these
markets, I will assume that Sonic Wave Ltd. only operate in the home stereo
segment.
Sonic Wave Ltd. has over the last years achieved a sustained period of dramatic
growth and prosperity without use of any strategic plan. However, over the last
six months it has seen a decline in sales because of a launch of an innovative
range of stereo equipment from an Asian producer...
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However, over the last
six months it has seen a decline in sales because of a launch of an innovative
range of stereo equipment from an Asian producer. Their main problem is that
they do not have a quick response to counter this challenge from Asia. This is
because of their lack of planning.
As with all industries a mission statement makes the main framework of a firm...
Essay fragment
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