Explore BrainMass
Share

Strategies for Business during the Great Recession

Please answer each question base on your personal experience. Also provide APA references, and also intext citations with at least 150-250 words total.

1. What would be the likely challenges in emerging markets for luxury goods firms?
2. How much bargaining power did consumers as buyers have during the Great Recession?
3. From a "strategy as theory" perspective, why is it hard to change strategy? How are strategic changes made?

Solution Preview

What would be the likely challenges in emerging markets for luxury goods firms? This is a good question. I would say that the challenges that are most likely to occur (based on both my experiences and the research that has been done), are and would likely be finding enough consumers to purchase those high end item(s), dealing with the possible changing business and or political and or tax rates in those said nations, and probably the ability to answer the following pertinent question; is it financially feasible and probable in terms of profitability to not only open stores or find stores, or franchises to offer the high end luxury goods in the ...

Solution Summary

An experienced expert discusses what would be the likely challenges in emerging markets for luxury goods firms, how much bargaining power consumers owned during the Great Recession, and he also explains "strategy as theory" and the challenges of changing this as well as implementing new business plans. The information provided is in APA format and both research and real world application/experience based.

$2.19