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Guillermo Furniture Store - Essay Example

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Rapid globalization and fast advancing technology are vital ingredients that considerably influence performance outcome of organizations. In such an environment of competitive business, the decision making power of managerial leadership is often determined by the changing socio-cultural and economic paradigms of the region…
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Guillermo Furniture Store
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Guillermo Furniture Store

Changing cost relationship and behaviour of customers in the fast transforming format of society have become critical elements for making decisions by the managers. In the recent times, the emerging new environment of high competition from overseas businesses has significantly challenged the successful running of Guillermo’s Furniture Store in Sonora, Mexico. The advent of overseas businesses with their hi-tech gadgets and low cost goods has hugely impacted Guillermo’s business. It has not only suffered financial loss but the low cost furniture from its competitors has also resulted in loss of customers who increasingly prefer the new stores as it meets their requirements for inexpensive furniture. The low cost furniture of the competitor has necessitated priority decision making by the manager of Guillermo so it could compete effectively against them. Another important issue that influences managerial decision making is the increasing higher cost of labor which has emerged as a result of large influx of people due to the development of nation’s headquarter in the neighborhood. The development in and around Sonora with new international airport, inexpensive housing etc., has made it highly attractive for myriad businesses and tourists. ... Read More
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