MID-2 Assignment MGT 212, Sec: 24 Total Points: 30 Name: XXXXXXXXXXID: Q1. “The cost of being late in the market exceeds the cost of being wrong” Explain in your own words with a real-life example. 10...

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MID-2 Assignment MGT 212, Sec: 24 Total Points: 30 Name: ID: Q1. “The cost of being late in the market exceeds the cost of being wrong” Explain in your own words with a real-life example. 10 Points ( Not more than 3 pages) (Classic examples include Kodak’s late response to digital photography, Nokia’s late response to touchphone industry, Microsoft’s late response to mobile OS, Blackberry case, Blockbuster vs Netflix etc.) Q2. Refer to the text book. Page 336 Case Application 1 ( Fast Fashion) 20 Points (Not more than 8 pages) a) What a role do you think a team leader needs to play in this type of setting? As a manager, how would you motivate a team like Zara’s. b) What types of plans would be needed in an industry such as this one ? (For instance long term plans or short term plans or both ? ) Explain why would you think this plans would be important. c) What types of growth strategies ZARA might use in the future ? Explain. d) In order to achieve organization’s efficiency and effectiveness, what should the organizational structure for ZARA. Explain.
May 21, 2021
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