country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Relationship Management Issues That LEGO Should Consider

tag 0 Download4 Pages 907 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Questions:

1.Using the Following Drivers of Strategic Relationships Describe how LEGO could leverage it competitive Positions with Companies or Organisations in Asia.

2. Assuming an Organisation with Businesses, in Childcare, Retail and Education, Proposes to form a Collaborative Relationship with LEGO, discuss five key Relationship Management Issues that LEGO should Consider when forging the Relationship.

 

Answers:

1.Despite adopting the changes, LEGO’s performance did not improve. As a matter of specification, there was a noticeable decline in the sales revenue. The major drive behind this was the lack of orientation for expanding the market size. Taking into consideration effective analytical tools, such as, value chain analysis would have benefitted the company to enjoy competitive advantage over the contemporary brands (Petty et al., 2015). Effective consideration of inbound and outbound logistics would beautify the internal environment. This would act as an additional assistance in penetrating into the external environment.

This penetration is full of hurdles; therefore, possession of adequate resources would act as a savior in times of emergency. Within this, provision of training to the employees on effective utilization of the available resources nullifies the aspect of situational crisis for LEGO. This training would play an important role in enhancing the skills, expertise and knowledge of the employees (Worth, 2013). Capability in making practical application of the learnt skills would help the managers to establish relevancy with the exposed performance with the goals and objectives.

Viewing it from another perspective, training would prepare the employees to deal with the potential risks and challenges confidently. This motive broadens the approaches of the personnel towards the risks, ranging from intense competition from the contemporary brands to excessive cash flows. Training and spontaneous response to these complexities would provide the access o LEGO to become the beneficiary of preserving the childhood (Armstrong et al., 2014).

Continuous evaluation would help the managerial authority to assess the exposed performance in terms of the performance of the other brands. This evaluation possesses two connotations. On one hand, it would bring to the forefront the major drawbacks, which might influence the purchasing power of the customers. On the other hand, this evaluation would act as a cornerstone for the personnel of LEGO in terms of their professional development. Maintenance of consistency in the execution of this evaluation would bring noticeable improvements in the business activities as well as in the individual performance of the personnel. This consistency would lessen the frequency of mistakes, which enhances the confidence of the employees in terms of performing the basic tasks (Wisner, Tan & Leong, 2014). These aspects would result in the preservation of the organizational values.

 


2.Partnership with Early Childhood Development Agency (ECDA) would act as a helping hand for LEGO in terms of upgrading their products and services. Consideration of several factors would result in the preservation of childhood. Effective adherence to the standards and codes of the regulatory framework would add a legal touch to the business activities of LEGO. This adherence would maintain the stability in the relationship between LEGO and ECDA.

Researching the specific details about the agency would prove helpful for LEGO. This would contradict the aspect of situational crisis (Sheth & Sisodia, 2015). This step would reflect the consciousness of LEGO to safeguard their sanctity. Gaining an insight into both the internal and external environment of ECDA would help the personnel of LEGO to indulge into partnership with ECDA. This consideration would help in developing quality childcare programs. Taking sponsorships for these programs would act as a savior for LEGO in times of emergencies.  

Prior to all these, consideration of financial flexibility would act as a wise step for LEGO in terms of entering into partnership with ECDA. Achievement of negative outcomes in this direction would act as a compromise with the nourishment needed by the children for their development (Baker, 2014). Viewing it from another perspective, presence of financial stability yet lack of inadequate resources is one of the challenges, which stalls the wish fulfillment of the children.

Possession of efficient and effective management techniques need to be considered by LEGO for entering into partnership with ECDA. Management is the means, with which LEGO can bring improvements in the services. Maintaining checklists can be an efficient means. Consistent attitude in the application of these techniques would upgrade the performance of internal as well as external environment. Countering this, beautification of the internal environment would lead to the modification of the external environment (Baker, 2014). This consideration would help LEGO to expand their market size on a partnership ground.

These considerations would pave the way of foreign market penetration for LEGO, Critically reviewing this, the action of “GO” can be considered as a push for the company in terms of altering their history. Further, “Leg” is the efforts, with which the company would step into the realm of success.

 

References

Armstrong, G., Adam, S., Denize, S., & Kotler, P. (2014). Principles of marketing. Pearson Australia.

Baker, M. J. (2014). Marketing strategy and management. Palgrave Macmillan.

Petty, J. W., Titman, S., Keown, A. J., Martin, P., Martin, J. D., & Burrow, M. (2015). Financial management: Principles and applications. Pearson Higher Education AU.

Sheth, J. N., & Sisodia, R. S. (2015). Does marketing need reform?: Fresh perspectives on the future. Routledge.

Wisner, J. D., Tan, K. C., & Leong, G. K. (2014). Principles of supply chain management: A balanced approach. Cengage Learning.

Worth, M. J. (2013). Nonprofit management: Principles and practice. Sage.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Relationship Management Issues That LEGO Should Consider. Retrieved from https://myassignmenthelp.com/free-samples/relationship-management-issues-that-lego-should-consider.

"Relationship Management Issues That LEGO Should Consider." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/relationship-management-issues-that-lego-should-consider.

My Assignment Help (2018) Relationship Management Issues That LEGO Should Consider [Online]. Available from: https://myassignmenthelp.com/free-samples/relationship-management-issues-that-lego-should-consider
[Accessed 08 April 2020].

My Assignment Help. 'Relationship Management Issues That LEGO Should Consider' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/relationship-management-issues-that-lego-should-consider> accessed 08 April 2020.

My Assignment Help. Relationship Management Issues That LEGO Should Consider [Internet]. My Assignment Help. 2018 [cited 08 April 2020]. Available from: https://myassignmenthelp.com/free-samples/relationship-management-issues-that-lego-should-consider.


With time, MyAssignmenthelp.com has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers' teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.

Latest Marketing Samples

BUS302 Entrepreneurship 4

Download : 0 | Pages : 13

Answer: Background  AAB company is planned to establish as a small café supplier. The company will be specialized in dessert retailing and customizing services. AAB company will be having its own store in Sydney. In the beginning, the company will focus on other food supplying and branding services. It will also form dessert production and released a gelato store. The company will also start another service- beverage after the gra...

Read More arrow

CX770007 International Marketing

Download : 0 | Pages : 15
  • Course Code: CX770007
  • University: Otago Polytechnic
  • Country: New Zealand

Answer: Introduction   The marketing initiatives that are planned by organizations are required to focus on the identification of the differences in regulations, tariffs, trade agreements, culture and the prospects of communication. The delineation of the differences helps an organization in undertaking expansion in the global economies. The marketing initiatives that are undertaken by6 the organizations in the international markets...

Read More arrow

MKTP103 Marketing Principles Of Accounting

Download : 0 | Pages : 4

Answer: Introduction A venture may opt to launch his product in the market under an existing well established brand of his choice as long as there is a mutual agreement on the same. Definitely, this will attract high number of sales and hence huge profit (Tanner, and Raymond, 2015). When choosing which well-established company to launch your product in, it is necessary to understand the history of the company in terms of ownership, sales...

Read More arrow

MKT6015 International Marketing (IM)

Download : 0 | Pages : 15
  • Course Code: MKT6015
  • University: Birmingham City University
  • Country: United Kingdom

Answer: Introduction  Music is similar to any other form of fine arts which satisfies the soul and further touches the body. Music essentially enhances the ability to perform work efficiently and smoothly without developing any form of boredom or monotony in the particular process. Krause, North and Hewitt (2015) have highlighted the importance of music in bringing people in several ways whether through similar music choices or based on ...

Read More arrow

LB5232 Marketing And Customer Engagement 2

Download : 0 | Pages : 15

Answer: Introduction  Overview of the Company: Syndicate is one of the recognizable medium enterprises among the scooter stores established in the market of Australia. This particular company has gained immense reputation in Australian market by impressing the scooter lovers (syndicatestore.com.au, 2018). Free style scooter culture is the primary USP of the company. After gaining image and reputation as a scooter shop, the bus...

Read More arrow Tags: Australia Brisbane Management James Cook University 
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,247,995

Orders

4.9/5

Overall Rating

5,068

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1265 Order Completed

97% Response Time

James Cook

Masters in Management

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Good work. it was on topic base, understandable and relevant. Help me to achieve great mark. Really appreciate.

flag

User Id: 78040 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

got assignment completed on time. I had lot of important information and up to the point.

flag

User Id: 299002 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

I was so excited to share my experience. I had Peter help me with assignment. He did and exceptional job that I couldn\'t believe it. I got an A+ PERFECT SCORE! ALL i can say is WOW! THANK YOU.

flag

User Id: 307193 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

Excellent work from the teacher. I got excellent marks and Assignment help had given the. assignment in the time.

flag

User Id: 213317 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?