Strategic Diagnosis and Recommendations for Love The Sales Limited.

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This report provides a strategic diagnosis of Love The Sales Limited, a UK-based retail company, analyzing its performance over the past three years and offering strategic recommendations for the next three to five years. The diagnosis identifies a significant financial loss attributed to decreased sales, prompting an organizational-level assessment. Key strategic suggestions include managing roles and responsibilities, implementing effective marketing and sales strategies, analyzing opportunities for increasing sales and profits, and boosting employee motivation. The report concludes that by addressing these issues and implementing the recommendations, Love The Sales can overcome its challenges, gain a competitive advantage, and improve its operational effectiveness and efficiency. The focus is on developing and implementing key plans and strategies, with an emphasis on training and development, leadership styles, and work division to achieve desired outcomes and sustainable growth. Desklib provides access to similar assignments and study tools for students.
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GROUP INTERACTIVE VIVA STRATEGIC
DIAGNOSIS AND RECOMMENDATIONS
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Table of content
INTRODUCTION
MAIN BODY
Diagnosing the underlying causes of chosen company's current performance over the past 3 years.
Making strategic suggestions for the most appropriate actions over the next 3-5 years.
CONCLUSION
REFERENCES
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INTRODUCTION
Strategic diagnosis is defined as systematic and effective approaches that utilized in the world of business, for purpose of determining
changes.
It is important and beneficial too in organizational growth and success context, because of enabling organizations to identify any change
that have to be done to a company's tactic and their internal effectiveness.
By conducting this approach, an organization obtain unpredictable results that provide benefits to each stakeholder, either internal or
external.
Strategic diagnosis is beneficial because of varied reasons such as to improve ventures economic performance, which is essential to
sustain for long time in the market.
It leads to generate revenue and value for an organization, much better than last few years.
The current presentation will be based on Love The Sales Limited which falls under the category of retail sale via mail order houses or via
internet in the UK.
The study will explain causes related to company recent performance over the past 3 years as reasons behind failure.
It will also define the strategic suggestions that appropriate over the next 3 to 5 years of business success.
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Diagnosing the underlying causes of chosen company's
current performance over the past 3 years.
There has been huge loss to Love The Sales Limited. There
has been crash of £258,747.00 which is major loss to the
company (Manlow and Ferree, 2021).
The main cause of failure is that there has been decrease in
the sales due to which the finances of the company are
affected and have reduced to -18.41%, which is an
equivalent of 47633.
Organizational level diagnosis has been used which has helped in
explaining the underlying causes of Love The Sales Limited
(Manlow and Ferree, 2021).
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Making strategic suggestions for the most appropriate
actions over the next 3-5 years.
Managing roles and responsibilities
Effective marketing and sales strategies
Analyzing opportunities for increasing sales and profits
Employee motivation
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CONCLUSION
On the basis of above presentation, it has been concluded that organization overcome the adverse impact of those factors that causes
failure.
It needs to gain competitive advantages by considering the key suggestions and strategies that will help to run venture successfully and
manage the same in systematic manner.
Furthermore, from above analysis, it has been identified that by following the key recommendations, organization has given tough
competition to its rivals, which lead to increase its operational effectiveness and efficiency. The major problems should be solved which
will help the company to lead successfully in the market.
It has been summarized that firm has reached desire outcomes in form of developing key plans and strategies that needs to be
implemented appropriately.
Along with above things, it also determined that firm has developed the best tactic that contribute to achieve target aims. Therefore, the
best tactics and ways should be determined so that the company is able to gain maximum from the market.
By summing up above discussion, it has been summarized that training and development, leadership styles and work division are the best
approaches that organization consider as key suggestions for venture progress over the next 3 to 5 years. Therefore, these ways and factors
should be determined and taken into action at large scale.
The above suggestions has enabled firm to develop further aims, so that it is able to achieve the targets which are being analyzed and
identified at large scale.
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References
Dang, V.T. and et.al., 2019. The relationship between corporate environmental responsibility and firm performance: A moderated
mediation model of strategic similarity and organization slack. Sustainability. 11(12). p.3395.
Doz, Y., 2020. Fostering strategic agility: How individual executives and human resource practices contribute. Human Resource
Management Review. 30(1). p.100693.
Manlow, V. and Ferree, C., 2021. Rhetorical processes in the sales relationship in luxury retail. In Radical Interactionism and Critiques of
Contemporary Culture (Vol. 52, pp. 221-235). Emerald Publishing Limited.
Jones, P.M., 2018. Exactly how to Sell: The Sales Guide for Non-sales Professionals. John Wiley & Sons.
Online –
LOVE THE SALES LIMITED. 2022. [Online]. Available Through: <https://uk.globaldatabase.com/company/love-the-sales-limited>
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