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Part A:Provide Mr. Wilson with three possible forwardshoot strategies. 1. Product- securities application exploitation: to increase sales of its on-going products in the current securities industry by using incentives to fall current customers to steal more(prenominal) of the current products. He put up raiseing tax write-off to pervert multiple pieces as a set; offer discounts or free gifts when customers refer a friend. He whitethorn similarly offer free delivery or gear up as incentives. He can suggest a interconnected coffee table to go with the couch or dark stand that match with the bed. 2. Product development: create or take in sweet products to sell to its current market. Mr. Wilson can introduce a spick-and-span occupation of design such(prenominal) as contemporary style, backyard article of furniture, kid style (colorful, car to a faultn characters, fragile edge, etc) or back to school, a seasonal line intentional for dorms and te enagers. He can also target new markets by introducing an Asian line or other ethnicity groups with different designs and actuals. 3. diversification strategy: Mr. Wilson can try moving into a different industry: besides selling furniture, also carrying national appliances such as home theatre system and enlivened consoles to whole kit and caboodle new ideas into customers for a get room makeover by having a new couch, new TV stand with a new TV set along with a PlayStation.

Part B:What ar the possible causes of his participations decline? or so of the possible causes are: * Unpredicted shifts i n consumer demandfurniture Mr. Wilson carrie! s whitethorn be out of style for the dynamic changes on consumers tastes. * New competitorsthey mayhap new competitors taking away the market shares with better terms or better products. * Uncontrollable be or too lavishly costsprices on everything in this economy establish been going up and the cost for material and shipping may have gone too high for Mr. Wilson. Part C:What are some recommendations for handling a downsizing? retrenchment is a cost-cutting effort involves laying off employees. Although it...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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