creative problem solving question. please explain elaborately

Case Study 2 (Chapter 1) GAME ENOUGH Game Enough recently reported a very substantial trading loss for the past twelve month's operations. The loss amounted to some 185 million and, as a result, the company reckons it will have to make some 10 per cent of its workforce redundant. The top management in the company places the blame firmly at the feet of deteriorating worldwide economic conditions and a very uncertain outlook for the future. The company has enjoyed rapid growth over the last decade and found it easy to make money in a market where variations on a theme have been very much the name of the game. It has been a 'me too' attitude where anyone who can find some new narrative for an 'old theme can make a quick profit. Characters and plots abounded and the same basic mechanics in constructing games and controlling game play have been employed in a seemingly endless fashion to tempt would-be gamesters into parting with their cash. Sales of the firm's games have multiplied from small beginnings in a rapidly developing home market to multi-million pound global sales. 1 The latest loss has come about as something of a surprise to a company that has traditionally been earning big profits, and the Chairman of the Board of Directors and Chief Executive are having discussions about what action they should instigate. The Chief Executive blames a worldwide economic recession and argues that it is simply a case of 'weathering the storm'. A leaner organization, he argues, will be better able to come out of the recession fitter and able to take advantage of the recovery that will ultimately come about. The Chairman, on the other hand, is less convinced with this argument and feels that there are problems in the industry as a whole. He is influenced in his view by the opinions of several of the non-executive directors of the Board who have wider experience of what happens in other industries. Questions What do you think are the main reasons behind the firm's demise? Can It do anything about the situation? Explain