Question:

You were recently hired as a MANAGER of a company (a firm) that is facing a number of managerial issues and subsequently finding it difficult to make economic profit. The issues include:

1. Resource misallocation;
2. Manager-worker problems;

3. Threat of competitor's takeover;

1. Government regulations; and
2. Poor pricing and output decisions.

From your experience and the knowledge gained from this course, critically analyze how each of the above can impact the firms' sustainability and identify the appropriate strategic steps you will apply to revamp this company.