Case Problem Art auto company C Ltd is facing a problem of declining

1.	Case Problem Art auto company C Ltd is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. For quality conscious consumers, the company is introducing new models with added features and new technological advancements.How will you seek to remove these limitations?
Answer» The above limitations can be overcome by (i) Arranging funds in advance. (ii) Effective methods of recruitment should be adopted to ensure availability of effective staff in all departments. (iii) Middle level should be encouraged to propose plans in the form of suggestions. After considering all these, a strategy should be planned. (iv) The company should be able to assess the moves of the competitors.

Case Problem Art auto company C Ltd is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. For quality conscious consumers, the company is introducing new models with added features and new technological advancements.How will you seek to remove these limitations?

Answer»

The above limitations can be overcome by

(i) Arranging funds in advance.

(ii) Effective methods of recruitment should be adopted to ensure availability of effective staff in all departments.

(iii) Middle level should be encouraged to propose plans in the form of suggestions. After considering all these, a strategy should be planned.

(iv) The company should be able to assess the moves of the competitors.