Answer to Question #248964 in Management for Nachiket Pawar

Question

Course :- STRATEGIC MANAGEMENT ASSIGNMENT.

3. You are the CEO of a US based automotive major Ford motors in India. Your company is facing tough rivals like Hyundai & Kia Motors. You have been operating in India since several years. During 2021, there has been a steady decline in your revenues & profitability. Your market share has also fallen from 4.69% to 3.31% during 2021. Your competitors are eating into your market share slowly & steadily during Covid-19 pandemic times. (Please assume that Covid-19 pandemic is over).

a. What turnaround strategies can you suggest to arrest the decline of revenues & profitability of your company? (5 Marks)

"PLEASE SEND ME FULL LONG ANSWER"

Answer 1

Cutting strategies—Cost-cutting strategies include various measures targeted at generating quick wins for a firm. Before devising more sophisticated plans, the steps may help a company's cash flow or stabilize its finances. When it comes to restoring a competitive advantage, cost-cutting techniques are frequently used initially. Cost-cutting strategies—Cost-cutting strategies include various measures targeted at generating quick wins for a firm. Before devising more sophisticated plans, the steps may help a company's cash flow or stabilize its finances. When it comes to restoring a competitive advantage, cost-cutting techniques are frequently used initially.

The ideal choice will be a joint venture because it improves capacity while also sharing risks and costs with a partner. It provides access to new information and skills, as well as specialist personnel.

The most effective option for reviving French Shine is a joint venture. Still, it comes with several drawbacks, including a lack of communication between partners and unequal levels of skill and investment.