What business strategy

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Question

You are new CEO of Furniture producing company. You made business analysis and identified such problems: Revenue and profit of the company went down during last 6 months, it became difficult to attract new customers; Costs of producing furniture went up during last 6 months, it took more time to deliver raw materials, more spoiled products appear in producing process; A lot of skilled employees left company during last 6 month; Cheaper products of China appear in your market What business strategy you will choose and why to solve these problems and make growing of revenues and profit of the company? How will you implement your strategy?

Reference no: EM133339765

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