Strategic management - C5 Intel Essay Example | Topics and Well Written Essays - 750 words

Strategic oversight - C5 Intel - Essay ExampleBefore Paul Pressler became the CEO of Gap Inc. between the years 2002 2006, he was the learning ability of the Disney Store. (Duxbury, 2007 Niles, 2002) Gap Inc. under the leadership of previous CEO Pressler failed to have consistency when it comes to building image ground on its target customers preferences in style and fashion. In the past, Pressler attempted to renovate Gap store outlets and fall in new prototypes thinking that he could attract the consumers to patronize Gaps products. However, customers did not even witness minor changes. (Diva, 2007)Basically, Presslers in hard-hitting commercializeing strategies, lack of knowledge and sense in fashion, garments, and style including his rawness in handling apparel business caused Gap, Inc. to experience a decline in revenue and market share. (Duxbury, 2007 Niles, 2002)Glenn Murphy as the recently appointed and chairman of CEO of Gap Inc. have more than 20 years of experience in retail business and branding of food, health and beauty products, as sound as books. (Gap Inc., 2008) Although he has a limited experience in handling apparels, Murphy is capable of innovating effective marketing strategies for new products and services aside from his ability to manage the business operations.Given that Murphy has a limited knowledge and experience in fashion, as the CEO of Gap Inc., he should make positive(predicate) that a group of individuals who has a good sense of fashion should be hired as stop of the companys buying department. This will increase the rate of marketability of Gaps apparels based on the latest fashion and styles that looks appealing among Gaps target customers.The company should also monitor its purchasing department by developing business procedures that will prevent corruption. By keeping the costs of garments emit and maintaining the quality of clothing high, the company could benefit having a bigger profit