SOSC 2342 Lecture Notes - Lecture 2: The Vanguard Group
16 May 2020
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Q1) focus on an organization with which you are familiar (perhaps a company, a university, or a sports club). Consider risk at strategic, managerial, and operational levels. A1) so the company we have chosen for the assignment is j. Crew which is known for its fashionable clothing. This company has suffered quite a few leadership upheavals in the past couple of years. Its sudden rise in the early 2000s has the company going downwards ever since 2013. The reason for this is the retail landscape but the bigger factor is that j. Crew losing the uniqueness that defines the company itself. Crews have to understand the differentiation with the competitors is the only way to attract customers and get back to the market. A2) the first section illustrates that the main areas of j. crews" risk arise from their lack of clear and effective leadership. The consequences of consistent leadership changes can be seen in their declining sales figures.
