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Please do the following assignment:

Original Summary Reading Case:

In a rapidly evolving world, strategic managers face pressure to adapt quickly, especially in competitive industries like toys. Mattel, a global leader in toys, has relied heavily on Barbie, a doll introduced over $50$ years ago, generating billions in sales. Despite Barbie$$s iconic status, Mattel made significant strategic missteps in the $2000$s$.$

Barbie, which has historically contributed to about half of Mattel's sales, was created in an era with traditional views on women$$s roles. Over time, societal changes and shifting consumer preferences revealed that Mattel underestimated the need for innovation. They adhered to the philosophy, $$If it$$s not broken, don$$t fix it$,$ leaving Barbie$$s design and branding unchanged while focusing on digital toys. However, the emergence of Bratz dolls by MGA Entertainment disrupted the market. Bratz appealed to younger audiences with bold, multicultural designs, tapping into the preferences of the "tween" demographic.

Mattel$$s delayed response to these trends resulted in rushed product launches, such as the $"$My Scene" and "Flava" dolls, which failed to resonate with consumers. Barbie's sales declined significantly, leading to a $30\%$ drop by $2006.$ Additionally, legal battles ensued as Mattel sued MGA, claiming rights to Bratz designs. While early court rulings favored Mattel, later appeals granted MGA the rights to continue producing Bratz dolls.

By $2010,$ Mattel attempted to revitalize Barbie$$s brand, introducing new designs and marketing campaigns. Though they achieved short$-$term success, the ongoing legal conflicts with MGA incurred significant costs. Ultimately, MGA retained control of the Bratz brand, and Mattel faced challenges in maintaining its market dominance.

Assignment:

Read the case $,$then b$)$ conduct$$research$($library$,$ etc,$)$to update knowledge about the case$--$ then c$)$ complete the following outline.

$1-$ Case Title

$2-$ Mention five facts

$2\mathrm{.}1$

$2\mathrm{.}2$

$2\mathrm{.}3$

$2\mathrm{.}4$

$2\mathrm{.}5$

$3-$ Mention $3$ main problems

$3\mathrm{.}1$

$3\mathrm{.}2$

$3\mathrm{.}3$

$4-$ Mention $3$ strategies to solve the above three problems $($think of yourself either as a consultant$$OR newly$$appointed CEO$)$

$4\mathrm{.}1$

$4\mathrm{.}2$

$4\mathrm{.}3$

$5.$ Final note$--$assess the quality of your work AND your overall recommendation