Hugo Boss Company is one of the most successful companies in this industry, but, just like any other company it is faced with issues that need strategic options in addressing. There is urgent need in the company to improve efficiency and responsiveness.Competition in the current markets is very prominent in all industries. …
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By adopting this strategy the company aims to maintain most of its customers for semi-regular products. The strategy will ensure that these products are available all year round so as to beat competition with other companies. It was first done by consultation with other companies that have done this successfully in the past. Before the actual adoption of the strategy critical analysis off the option is important so as to make sure that it is the best among others. This could be done using the reports of the company. There are various criteria that can be used to analyze the option for its credibility and applicability. In case of Hugo Boss Company a strategy which would be most appropriate would be an analysis of costs and benefits before and after the introduction of this option. It will provide information that will enable the manager to make a decision on whether the pilot program should be adopted or not (Bonham et al, 2008).
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