Wednesday, May 15, 2019
Case Summary LEGO ( Based on the case reading to answer the four Study
Summary LEGO ( Based on the reading to answer the four questions) - oddball Study ExampleCompetition as a criterion for evaluating the different product lines and operations determines what products atomic number 18 the competitors involved in making. Such a criterion goes in hand with lessons learnt, in which LEGO identifies the different areas that require cash advance, aimed towards the improvement of future performance.Changes in the marketplace for any product line determine the future that a particular product and organization takes. Regardless of the particular product line, changes are necessary for every organization, as a means of making improvements in areas that have failed, or those that never worked as per the required standards. con labor, is indeed an industry that requires significant changes in order to develop products that impress children more. Critical changes needed for the industry include increased innovation, which introduces new products, the establish ment of an increased performance competition in the same industry. Additionally, changes break to the development of new technologies, an aspect that contributes towards the enhancement and improvement of efficiency and performance, as well as the improvement in quality of the products to meet the demands of the market.LEGO is facing a significant number of internal issues, which are soon affecting the organizations performance and competitiveness, and which require strategic planning to be effectively addressed. commencement is management. LEGO, previously, remained a successful player in the toy industry however, with the continued growth of the company everyplace the years, layers of complexities in operations have been added. Such challenges are attributes of poor leadership and management, and which can only be resolved through strategic planning. Another internal issue of great significance to LEGO is increased deed wastes. Costs cutting is one of the best ways for an org anization to increase its profit margins. LEGO currently experiences spunky
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