What is the company seeking to find out? What do they not know, what management…
What is the company seeking to find out? What do they not know, what management…
1.1 Problem and management decision (what is the specific problem or issue to be investigated? What is the company seeking to find out? What do they not know, what management decisions will be made?)The article describes the issues which were faced by Australian Tyre retailer company in various ways like customer facilities and more. Due to this reason, the company was facing the problem of downfall in their market share. Another issue faced by the company is the bad atmosphere and facilities of the company, which is in all the 700 stores of the company. So, Tyre retailer wants to find the cause of the issues and solutions to the rising issues and get back on track. 5 1.2 Research question (What is the specific research question they should focus on? What information is required to answer the management problem?).What are the reasons for downfall in market share of Australian Tyre retailer company?Information- The market share of the Australian tyre retailer industry in terms of its competitors, profits and losses of the company over the period of time and the main focus should be on customers facilities like create seating area and make the counters low in height so that the customer can easily interact with the store person.5 1.3 (Information/Research) Objectives (Given the research question, what are the smaller sub-questions or information objectives related to this research question that should be answered? As a guide, minimum of three and no more than six).1. To identify the reasons for bad atmosphere in the retail stores of company.2. To find out other reasons for decrease in the market share of company.3. To identify the mitigation strategies to overcome the issues of bad atmosphere and decease in market share.10 1.4 What is the subject area of business management that is relevant to this problem? (i.e. what is your parent discipline e.g. marketing, HRM, strategy etc.) and what are the keywords to use when conducting a literature search of research that has been done about this issue? (about 10 words)Subject area could be StrategyKeywords Retail industry in Australia, Bad work environment, Mitigation strategies to overcome the problems5Answer 2: Singaporean Management Consulting CompanyAnswers Max Marks 2.1 Problem and management decision (what is the specific problem or issue to be investigated? What is the company seeking to find out? What do they not know, what management decisions will be made?)Singapore management Consulting company faces the major issue of adopting the strategies in order to gain the competitive position among its competitors. The company wants to finds out which of the strategies would be good enough to rise above the competitors. The strategies should be cost effective and they should be innovative one so that there is a competitive advantage of the company among its competitors. The company wants more to be focused on client side and make clients more trustworthy towards their company 5 2.2 Research question (What is the specific research question they should focus on? What information is required to answer the management problem?).What are the major strategies to gain competitive edge among competitors?Information- Famous strategic models adopted by competitorsWhat new strategies should be adopted to make management changes.The major cost that company faces and there is no profit in it should be stopped on immediate effect and necessary steps should be taken on it. 5
