You were recently hired as a manager of a company (a firm) that is facing a number of managerial issues and subsequently finding it difficult to make economic profit. The issues include the following:
Resource mis-allocation
Manager-worker problems
Threat of competitor’s takeover
Government regulations
Poor pricing and output decisions
From your experience and the knowledge, critically analyze how each of the above can impact firms’ sustainability and identify the appropriate strategic steps you will apply to revamp this company.