Management Strategy in Competitive World
In a maximum of two (2) pages, answer the following questions:
- What is Global Thermostat’s vision for their company? If realized will this vision create value for GT’s stakeholders?
- What are Global Thermostat’s strengths and weaknesses? What opportunities are available to them and what challenges do they face?
- Will GT be able to attract the right professional management to help design the systems and structures needed to formalize and guide their growth? Do they face obstacles in doing this?
- What can Global Thermostat do to match its strengths to industry opportunities? What efforts will the company have to make to achieve a leadership position in their domain?
- Do you think Global Thermostat should focus on increasing its market share, or should it focus on profitability? How should they create their future? Explain the rationale behind your decision.