what are the evidence-based and cohesive set of specific and actionable recommen
ID: 422901 • Letter: W
Question
what are the evidence-based and cohesive set of specific and actionable recommendations for actions that (L Brands) can take that will clearly enable (L Brands) to achieve its strategic goals, sustain and grow its business, and remain viable and healthy?
what are the related set of metrics that will enable L Brands to measure the effectiveness of the recommended actions?
L Brands, Inc. (formerly known as Limited Brands, Inc. and The Limited, Inc.) is an American fashion retailer based in Columbus, Ohi
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Explanation / Answer
Launch a marketing or brand awareness campaign all over the world and open new franchise store.
L Brand product should be available all over the world according to customer demand.
Customer care facility should be available throughout the world so that customer can easily access for any queries.
Manufacture a product according to each country's demand and maintain a price to remain stay in competitive market.
Choose a cost effective way of transportation to increase profit of organization.
Select a hub in any country where demand is very high and cheap labour cost available. Establish a manufacturing plant there and export to all nearby country for cost effective production and reduce transportation charge.
what are the related set of metrics that will enable L Brands to measure the effectiveness of the recommended actions?
You have to create the mile stone matrix to monitor your strategic plan. Target your strategic goals one by one and monitor it. Make sure your date should be accurately measured to effective monitoring of strategic plan.
You can also monitor sales and revenue data by statistical modeling and analyse the effectiveness of your strategic plan. Increase in revenue and profit shows a positive direction of your strategic plan.
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