Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Can you answer me as soon as possible , urgentttttt!!!!!!!!!!! You are the Business Development Manager of a leading manufacturer of high-priced apparel for children in Hong Kong, Cotty Care, which is famous in producing organic cotton clothes for kids with a mission of providing sustainable clothing to the new generations. The Board of Directors is exploring the possibility of exporting its product overseas as the firm still has idle manufacturing capacity. The directors believe there is a market for their apparel in Europe, which could generate extra sales and profit for the company. (a) What are the FOUR questions to address in analysing organizational readiness for international business? Illustrate each question with an example from Cotty Care’s case. Is Cotty Care ready for international expansion? Explain.arrow_forwardNeed a conclusion for the essay. Essay parts Below: Introduction: As a company begins or continues to grow, there are many steps they must take in order to determine the opportunities and threats available. An external factor evaluation matrix can help in regulating how quickly and easily a company can expand in a certain area. Competitive profile matrix is a tool that provides information on the competitive advantage a company has to others in the same industry and their critical success factors. Expansions in business are constant and companies must learn to adapt to their environments by using tools such as the matrices to do so. Paragraph 1: External factor evaluation matrices are used by companies in order to determine possible opportunities and threats in expanding the company. EFE matrices provide the possibility of a company to handle risk management on a higher level and also help raise awareness to possible threats before they are able to affect the business. Paragraph 2: An…arrow_forward86) Strategic restructuring can take different forms including: a) Restructuring the firms portfolio of businesses. b) Restructuring the firm’s financing through debt and/or equity. c) Merging the marketing and sales functions into one department. d) A and B e) A and B and Carrow_forward
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