Question: Please assist with problem solving perspective questions 1-3 conclusion because Lampert is too disengaged from the running of Sears' operations. Former executives say he managed

Please assist with "problem solving perspective" questions 1-3

Please assist with "problem solving perspective"

conclusion because Lampert is too disengaged from the running of Sears' operations. Former executives say he managed the company from his home in Miami, setting foot in the company headquarters only for its annual meeting." FOR DISCUSSION Problem Solving Perspective 1. What is the underlying problem in this case from Edward Lampert's perspective? 2. What are the key causes of Sears' decline? 3. Do you think Lampert can turn the company around? generated much-needed cash by selling of some of its key brands such as Craftsman for about $900 million." It also established new sources of revenue by making a deal to sell its Die Hard-branded products-such as car batteries, jump starters, and tires-on Amazon's web- site. The retailer also started selling its Kenmore- branded appliances on Amazon" in 2017.80 Despite these efforts, Sears is "hemorrhaging money" according to Business Insider. "Sales are down 45% since early 2013, its debt load has spiked to $4 billion, and the company is losing well over $1 billion annually. -31 Making matters worse, "Sears said in a filing with the Securities and Exchange Commission in 2017 that it had substantial doubt about its ability to stay in business unless it can borrow more and tap cash from assets. .**2 The company is definitely pursuing this strat- egy according to CNNMoney. This source reported in 2018 that the company announced it will "cut another $200 million a year (beyond the stores it already planned to close). And it's looking to increase the amount of money it is able to borrow.**] According to the New York Times, Lampert believes the company can turn things around. He told a reporter that "while there is still work to do, we are determined to do what is necessary to remain a competitive retailer in a challenging environment." Others doubt this Why or why not? Application of Chapter Content 1. What does the Human Relations Movement suggest went wrong at Sears? 2. Use the four parts of a system to diagnose the com- pany's decline. Provide support for your conclusions, 3. To what extent did Sears use a total quality manage ment perspective in running its business? Explain. 4. What key lessons from this chapter could Lampert have used to improve Sears' performance following the merger with Kmart? Explain. Legal/Ethical Challenge What Should You Do about an Insubordinate Employee? You are a vice president for a company in the insur- ance industry, and you supervise five managers. These managers in turn supervise a host of employees work- session with his group in another state. Not only did this require significant travel expenses, but the consul: tant's fees were well outside of your budgeted expenses. Further, your other employees were expressing feelings of unfairness because Jim was taking his team on a teambuilding trin and they were haine forced to ent

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