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What is the main problem leading to Wow Sight and Sound bankrupt? Is planning style management...

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Operations Management

What is the main problem leading to Wow Sight and Soundbankrupt? Is planning style management function is needed to beimproved? provide some recommendations for Wow Sight and Sound tocover its issues (write in a short paragraph)

Main issues:

- Customer satisfaction greatly decreased due to environmentalconditions such as technology and online competition

- selling goods at a lower price and below market cost, there isa risk of diminishing profit margins

- the failure use of benchmarking and contingency plan

Answer & Explanation Solved by verified expert
4.3 Ratings (919 Votes)
EXPLANATION Of the main issues listed there appears to be no clear business strategy and planning for the Wow Sight and Sound company A business wants a way to ensure that its goods fulfill its customers demands Management will ensure that the company clients contingencies etc have sufficient preparation in place to allow business smooth operation 1 If the product itself does not perform well a proper project planning is required for the products production life cycle The software must be updated periodically new technology compatibility new features etc Clients should also be integrated in order to ask for new functionality This means that the product stays important and uptodate on the marketIf competitude can offer a better product or    See Answer
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