Company CC is a successful electronics retailer in the Country US. The company created an excellent set of core competencies that made it develop higher economic value. The success of the Company was dependent on the highly trained and motivated sales personnel present in the firm. But, in time Company CC lost value because they did not update and upgrade their core competencies. They also laid off top sales personnel which also not helped their cause of being cost-effective. It was a strategic mistake to lay off of top sales personnel. Company CC closed down operations in March 2009. To explain: The different kind of actions that can be done by Company CC.

Question

Want to see the full answer?

Answer 1

Question

Chapter MC, Problem 13.3DQ

Summary Introduction

Case summary:

Company CC is a successful electronics retailer in the Country US. The company created an excellent set of core competencies that made it develop higher economic value. The success of the Company was dependent on the highly trained and motivated sales personnel present in the firm.

But, in time Company CC lost value because they did not update and upgrade their core competencies. They also laid off top sales personnel which also not helped their cause of being cost-effective. It was a strategic mistake to lay off of top sales personnel. Company CC closed down operations in March 2009.

To explain: The different kind of actions that can be done by Company CC.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

please use screenshots to answer question. Give a brief analysis of the data found in the pie chart as well as those found in the two column charts created (in your MS Excel assignment), considering the recent move to conducting government transactions online. please put the analysis in a paragraph format.

Global Interest Rates and Caribbean Economies: How do global interest rates, particularly those set by the US Federal Reserve, impact Caribbean economies and financial markets? Discuss the transmission mechanisms through which these effects are felt in the region.•Monetary Policy in the Caribbean: What are the challenges faced by central banks in the Caribbean in managing monetary policy? Discuss the limitations of traditional monetary policy tools in the context of small, open economies. How can central banks effectively address issues like inflation, exchange rate stability, and economic growth?•Interest Rate Risk in Caribbean Institutions: How has the global interest rate environment affected the management of interest rate risk for Caribbean financial institutions? Discuss the specific challenges faced by institutions in the region and the strategies they can use to mitigate these risks.•Anya's Recommendation (Part 2): What specific recommendations would you make to the regional…

1.Do you think evidence-based management seems like common sense? 2.Are there circumstances in which evidence-based management might not be the best approach? 3.Could automated evidence-based management ever replace human decision makers? 4.Would you want to work under Jack Welch’s system at General Electric?