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Buy custom The Importance Of Planning For A Stereo Manufacturer

Essay's paper info
Topic: Business
Number of pages / Number of words: 5 / 1397
Essay's paper body

Even though many manufacturers operate in both these

markets, I will assume that Sonic Wave Ltd. only operate in the home stereo

segment.

Sonic Wave Ltd. has over the last years achieved a sustained period of dramatic

growth and prosperity without use of any strategic plan. However, over the last

six months it has seen a decline in sales because of a launch of an innovative

range of stereo equipment from an Asian producer...


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However, over the last

six months it has seen a decline in sales because of a launch of an innovative

range of stereo equipment from an Asian producer. Their main problem is that

they do not have a quick response to counter this challenge from Asia. This is

because of their lack of planning.

As with all industries a mission statement makes the main framework of a firm...


Essay fragment

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