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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2584 |
Essay's paper body
Gear, Inc.
The Organization & Management
Initially as L.A. Gear was formed, they were creators of trendy fashionable shoes geared toward young girls, but as the company grew along with sales, it saw a larger opportunity to gain vital market share in the athletic shoe market in the mid price range. Although L...
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Although L.A. Gear grew to be the third most dominant shoe producer in the world, the company lost its focus and direction as it entered the 1990s, loosing the vital market share it developed. Nearing bankruptcy, the organization was bailed by a private capital investment firm that took a 34 percent stake in the company and made their presence by replacing the creator and top managers with their own personnel that possessed high levels of expertise in the industry...
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