Strategic Choices as Salvation or Road to Disaster: Mondo OtticaSrl (A), LBS Case Study Help
Research and development needs to be focused every time, as now the industry is vast, ambitious and operates in an imperfect market, so it is a must to have new product development of new product, research and engineering to enhance the product after every six years. Failure of technology is intolerable, which tends to lead the company towards facing disastrous consequences, because customers or clients have so many options in the markets in terms of buying products from any company. In such case, MOS might lose the market share and confidence of suppliers, which will lead towards a great loss incurrence as well as the massive possibility of revenue reduction.
The major challenge for MOS was to face different challenges, which includes extensive investment into the semiconductor industry, which they took from players who were already operational in the industry and firms from Europe and Silicon Valley. To formulate new strategies; MOS wanted to give organization a new and fresh look, and in order to achieve that MOS’s VC found a new CEO who had an expertise in sales and was professionally based in Silicon Valley and used to travel between Italy and California, and used his contacts in both locations.
Demand of increasing workload was also a challenge for the company and due to implementing changes in its operations; the company had the requirement of hiring new employees, especially in the operations and sales department. These employees were required to have an awareness of the industry and possession of experience from the same industry. Moreover, existing employees needed training for better coordination of goals, and to ensure that employees are working towards the achievement of a similar goal.(Price, 2017)
Question-3
Don Sull’s paper was not found therefore this question couldn’t be attempted. Please provide the paper...........................
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