Strategic Management - Business & Management Essay

strategical Management - Business & Management - Essay ExampleThe phoner did not respond to the changing concern needs and continued to pay concentrated packages to its workers and coupled with low response to fashion changes, it has lost its customers confidence.JZ benny did not respond to the competitive edge that the new entrants like Spanish El Dorado and Scandinavian Helgar were employing. It remained unmoving in the fashion outsourcing even when its competitors changed to fast fashion model shops. While the competitors outsourced their fashions from Eastern Europe, JZ Benny preferably rushed to China and South East Asia which sold at low cost. Thinking this as a cost advantage over the rivals, it turned out to be a stock burden for the company since they had to buy in bulk and thence were left with indispensable stock at the end of the season. This was a miscalculated marketing strategy resulting from inefficient market analysis. The company failed to keep up with its co mpetitors who resulted to e-supply chain which enabled them to connect the customers with the designers hence placed in the market what the customer preferred. This ensured that they were always ahead of other retailers since they stocked what the customers liked.JZ Benny apothegm a management gap and responded by fishing Bob DSaster from competitor Helgar Fashions. As the chief executive officer of JZ Benny, DSaster was confident that cost cutting measures and investment in technology would turn the chain nearly to start making profit. Cost cut measures were implemented leading to layoff of about 20% of the staff and heavy investment in RFID (Radio Frequency Identification) tags to dish up in improving the Barcode Inventory Processing. However this did not help the company and the AGM dismissed DSaster and placed John Hammond as the CEO.As expressed by Courtney et al., 1997, the instance of JZ Benny is a management problem. The company has been under a management that does not recognized that