Please read the case study below and answer ALL questions.Q Tupperware Could Go Out Of Business, Here's Why Tupperware says it could go out of business. The company's stock price plummeted nearly 50% this week as analysts say the brand has struggled to connect with younger consumers. Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business. After Tupperware Brands Corporation warned it could soon go out of business, the iconic company's failure to adapt to modern trends and attract new customers is in the spotlight. Once a mainstay at American dinners and backyard barbecues, Tupperware containers shot to fame through the company's direct - sales model and 'Tupperware parties' hosted in sellers' homes. While the brand's sales briefly surged during the COVID-19 pandemic, as families prepared more home-cooked meals during lockdown, the trend sharply reversed last year as restaurant dining boomed once again. The reusable containers have been a home cooking staple since 1946 and swept the nation with early trends like Tupperware parties in the '50s through the '70s. In recent years, however, they've been less popular with younger generations." In a regulatory filing earlier this month, Tupperware said it has "substantial doubt about the company's ability to continue as a going concern." "Further," the company stated in a press release on April 7, "due to the challenging internal and external business economics, coupled with the increased levels and cost of borrowings under its Credit Facility, the Company currently forecasts that, if it is unable to obtain adequate capital resources or amendments to its Credit Agreement, it may not have adequate liquidity in the near term." Tupperware said in the press release that it had discussed financing options with advisers to see if there's a way forward without losing the business. In a statement about Tupperware's capital structure and liquidity position, 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."Experts say financial missteps, the demise of the direct-sales model in the age of e-commerce, and the rise of cheap alternatives including re-useable containers from food deliveries - may have all played a role in Tupperware's downfall.uestion One (30 Marks) According to the case study, Tupperware, an iconic organisation is struggling to remain afloat and relevant in 2023. Using the facts in the case study, analyse the business environment issues at play. Question Two (20 Marks)"... 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. Question Three (25 Marks) Given the industry life cycle that Tupperware is in, suggest the strategies that they can employ as part of their turnaround to remain afloat. Question Four (25 Marks) One of the main take-aways of the corporate strategy module has been the importance of strategy evaluation at all times during the strategic management process. Recommend how Tupperware can employ strategy evaluation to avoid strategy failure going forward. END OF PAPER

Please read the case study below and answer ALL questions.Q Tupperware Could Go Out Of Business, Here's Why Tupperware says it could go out of business. The company's stock price plummeted nearly 50% this week as analysts say the brand has struggled to connect with younger consumers. Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business. After Tupperware Brands Corporation warned it could soon go out of business, the iconic company's failure to adapt to modern trends and attract new customers is in the spotlight. Once a mainstay at American dinners and backyard barbecues, Tupperware containers shot to fame through the company's direct - sales model and 'Tupperware parties' hosted in sellers' homes. While the brand's sales briefly surged during the COVID-19 pandemic, as families prepared more home-cooked meals during lockdown, the trend sharply reversed last year as restaurant dining boomed once again. The reusable containers have been a home cooking staple since 1946 and swept the nation with early trends like Tupperware parties in the '50s through the '70s. In recent years, however, they've been less popular with younger generations." In a regulatory filing earlier this month, Tupperware said it has "substantial doubt about the company's ability to continue as a going concern." "Further," the company stated in a press release on April 7, "due to the challenging internal and external business economics, coupled with the increased levels and cost of borrowings under its Credit Facility, the Company currently forecasts that, if it is unable to obtain adequate capital resources or amendments to its Credit Agreement, it may not have adequate liquidity in the near term." Tupperware said in the press release that it had discussed financing options with advisers to see if there's a way forward without losing the business. In a statement about Tupperware's capital structure and liquidity position, 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."Experts say financial missteps, the demise of the direct-sales model in the age of e-commerce, and the rise of cheap alternatives including re-useable containers from food deliveries - may have all played a role in Tupperware's downfall.uestion One (30 Marks) According to the case study, Tupperware, an iconic organisation is struggling to remain afloat and relevant in 2023. Using the facts in the case study, analyse the business environment issues at play. Question Two (20 Marks)"... 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. Question Three (25 Marks) Given the industry life cycle that Tupperware is in, suggest the strategies that they can employ as part of their turnaround to remain afloat. Question Four (25 Marks) One of the main take-aways of the corporate strategy module has been the importance of strategy evaluation at all times during the strategic management process. Recommend how Tupperware can employ strategy evaluation to avoid strategy failure going forward. END OF PAPER

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Transcribed Image Text:Please read the case study below and answer ALL questions.Q Tupperware Could Go Out Of Business, Here's Why Tupperware says it could go out of business. The company's stock price plummeted nearly 50% this week as analysts say the brand has struggled to connect with younger consumers. Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business. After Tupperware Brands Corporation warned it could soon go out of business, the iconic company's failure to adapt to modern trends and attract new customers is in the spotlight. Once a mainstay at American dinners and backyard barbecues, Tupperware containers shot to fame through the company's direct - sales model and 'Tupperware parties' hosted in sellers' homes. While the brand's sales briefly surged during the COVID-19 pandemic, as families prepared more home-cooked meals during lockdown, the trend sharply reversed last year as restaurant dining boomed once again. The reusable containers have been a home cooking staple since 1946 and swept the nation with early trends like Tupperware parties in the '50s through the '70s. In recent years, however, they've been less popular with younger generations." In a regulatory filing earlier this month, Tupperware said it has "substantial doubt about the company's ability to continue as a going concern." "Further," the company stated in a press release on April 7, "due to the challenging internal and external business economics, coupled with the increased levels and cost of borrowings under its Credit Facility, the Company currently forecasts that, if it is unable to obtain adequate capital resources or amendments to its Credit Agreement, it may not have adequate liquidity in the near term." Tupperware said in the press release that it had discussed financing options with advisers to see if there's a way forward without losing the business. In a statement about Tupperware's capital structure and liquidity position, 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."Experts say financial missteps, the demise of the direct-sales model in the age of e-commerce, and the rise of cheap alternatives including re-useable containers from food deliveries - may have all played a role in Tupperware's downfall.uestion One (30 Marks) According to the case study, Tupperware, an iconic organisation is struggling to remain afloat and relevant in 2023. Using the facts in the case study, analyse the business environment issues at play. Question Two (20 Marks)"... 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. Question Three (25 Marks) Given the industry life cycle that Tupperware is in, suggest the strategies that they can employ as part of their turnaround to remain afloat. Question Four (25 Marks) One of the main take-aways of the corporate strategy module has been the importance of strategy evaluation at all times during the strategic management process. Recommend how Tupperware can employ strategy evaluation to avoid strategy failure going forward. END OF PAPER

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