Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you are the Sales and Marketing Director for Sea Treasures, a small group of well-known retail stores specializing in exotic sea life and high-end

Assume you are the Sales and Marketing Director for Sea Treasures, a small group of well-known retail stores specializing in exotic sea life and high-end accessories for aquariums. The company has been in business for over 50 years, but the customer base is shrinking, sales are slow, and you are faced with reducing staff and closing stores. Sea Treasures will be out of business within a year if innovative and creative changes are not made quickly. After many months, you have finally been able to convince the owner that the only way to sustain the business and increase revenue is to create an Internet Website to sell the large inventory of aquarium decorator items (currently gathering dust in a costly warehouse) . This will be a short-term, small scale change. Six months later, you will expand the Website to sell live sea creatures such as tropical fish and small sea turtles online, which is a long-term, large-scale change. You face many challenges in this transformational change initiative, beginning with strong employee resistance, new technology, and shipping methods. Many small businesses have been faced with these same issues, and have made the transition successfully. Consider the humble beginnings of Amazon, and look where they are today. Selecting the best change model for this business, and implementing it step by step provides the foundation for creating an exciting new company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management A Practical Introduction

Authors: Angelo Kinicki, Denise Breaux Soignet

10th Edition

1260735168, 978-1260735161

More Books

Students also viewed these General Management questions

Question

What points will you include in your presentation?

Answered: 1 week ago