10. CASE SYNOPSISAs 2019 ended, the founder and chief executive officer (CEO) of thisCosmetic Company had overseen phenomenal growth during thefirm's five years of operation. However, the company was about toencounter a series of issues as a result of the global COVID-19pandemic that resulted in lockdowns, stay-at-home orders, andclosures of non-essential businesses around the world. Thiscompany, likemany other companies, suffered a severe decline inrevenue. How could this company overcome the uncertainty andchallenges that accompanied the pandemic?Respond quickly to environmental changes to promote long term resilience and growth

The attack of the virus C is a major pandemic that the business organization has encountered. This…

Answered: company, likemany other companies,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Between Telsa and NIKE which innovation seems to hold the most promise for commercial success and why?
As the pandemic scenario spread over the world, Bazinga Ltd.'s business, like most others, suffered a setback. Bazinga Ltd. is a hypermarket, discount department store, and grocery store retail chain. Mr. Manish Goel launched the retail chain in 2001, and the company has developed significantly since then. Mr. Goel had been encouraged by a number of business gurus, including his own son, a London-based business graduate, to sell things via an online website in order to expand their reach. Mr. Goel had his own worries about this channel and, as a result, he always puts off deciding. The pandemic and the current terrible situation compel Arvind to think and act in the indicated route. But he is unsure how he will go with a personnel and firm that is accustomed to a brick-and-mortar model of operation. He intends to prepare his personnel for the shift by training and developing them. Ques. Discuss each phase of the training process in terms of training and developing Bazinga's staff, in…
The EasyWay Pearl Tea (www.easywaytea.com.au) case study reveals a successful franchised product from Taiwan, Asia that is sweeping Australia, East Asia and both North and South America. Assuming that you are to consider operating this franchise in your country, you will need to do a study whether this drink will do well/will not do well in your country. The question is whether it will be a successful/unsuccessful franchise in your country. You are to answer the questions based on your understanding of the consumers in your country with regards to: Question c) If there is a customer’s perceived needs with regards to pearl tea and its related products, what can that be. Give reasons to support your answer. Very simple answer needed and no word restrictions.
The EasyWay Pearl Tea (www.easywaytea.com.au) case study reveals a successful franchised product from Taiwan, Asia that is sweeping Australia, East Asia and both North and South America. Assuming that you are to consider operating this franchise in your country, you will need to do a study whether this drink will do well/will not do well in your country. The question is whether it will be a successful/unsuccessful franchise in your country. You are to answer the questions based on your understanding of the consumers in your country with regards to: Question b): The likely product(s) that will either appeal/not appeal to the customers? Give reasons to support your answer. Very simple answer needed, no word limitation
Based on the articles on the following links"Griffin, K (2023) The Tupperware party is over. [Online] Available from: https://www.dailymail.co.uk/news/article11960521/The-Tupperware-party-iconic-brand-faces-collapse-77-years.html [Accessed April 2023 McCarthy K, (2023) Tupperware could go out of business, here’s why. [Online] Available from: https://abcnews.go.com/GMA/Food/tupperware-business/story? id=98495624#:~:text=Tupperware also chalked up lower,cash management and possible layoffs [Accessed April 2023] president and CEO Miguel Fernandez said the company has "embarked on a journey to turn around our operations" and "is doing everything in its power to mitigate the impacts of recent events -- taking immediate action to seek additional financing and address our financial position." Discuss in detail the role of Miguel Fernandes in the effectiveness of Tupperware’s turnaround strategy.
How do you see these two issues, competition, and cooperation, play out during the current Coronavirus pandemic, in the leadership of the United States and worldwide?
Forbes Magazine named Exxon Mobil “Green Company Of The Year” in 2009 for its focus on natural gas (as opposed to coal). However, in the same year, Exxon Mobil was lobbying heavily against the scientific consensus that climate change was occurring and that it was mainly caused by the burning of fossil fuels. If Exxon was was a benefit corporation , could shareholders sue its directors for the inconsistency?
The EasyWay Pearl Tea (www.easywaytea.com.au) case study reveals a successful franchised product from Taiwan, Asia that is sweeping Australia, East Asia and both North and South America. Assuming that you are to consider operating this franchise in your country, you will need to do a study whether this drink will do well/will not do well in your country. The question is whether it will be a successful/unsuccessful franchise in your country. You are to answer the questions based on your understanding of the consumers in your country with regards to: Question d): The likely product(s) that will either appeal/not appeal to the customers? Give reasons to support your answer. Very simple answer needed, no word restrictions.
Name and discuss which part of the (two) 'environments' discussed in the course these belong to. Some may belong to more than one. What might be the marketing implication of these trends for a business? Choose any two of the four scenarios provided and give a specific example. Noticeable increase in pet ownership during the last two years of COVID in Australia and many countries War in Eastern Europe has diminished world wheat crop yields, leading to price increases 4 Government splashing cash and tax cuts in the lead up to an election Telstra buys 51% of Fetch TV (an aggregator subscription video service)
Do you agree or disagree with the authors' point NOT to put a Digital Expert In Charge of Your Digital Transformation? Why? Who would you select: William, Sarah, or Sophia? Hint: Choose William Use this link to answer the question: https://hbr.org/2019/08/dont-put-a-digital-expert-in-charge-of-your-digital-transformation
According to those same principles, how did Sears lose its once-commanding market position?
Discuss whether Tesla is an example of either a classic or high-end disruptive innovator, and back up your position.

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS

company, likemany other companies, suffered a severe decline in revenue. How could this company overcome the uncertainty and challenges that accompanied the pandemic?