Knowledge in strategic management

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Reference no: EM132564519

Multinational companies have been known to build organizations capable of proficient strategy execution using three key parameters which drive their strategic direction. Efforts to improve quality, hire skilled staff, just in time deliveries and responding to market conditions are all directed towards pleasing the customer.

PSG is a multinational corporation in China dealing in apparels, but did not record any significant profit in the first quarter of 2020 despite putting in all effort. It has been standard practice for PSG to collaborate extensively with vendors on all aspects of purchasing and store delivery process to ensure mutually beneficial cost savings. However, the planned value chain activities to add value and reduce cost at each stage of production has not yielded positive results due to loss of strategic direction.

You are a business consultant and have been hired by PSG, using your knowledge in strategic management, justifying. to. management how the three key parameters will be used as a turnaround strategy.

Reference no: EM132564519

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