12min chapter

On Strategy Showcase cover image

CFO/CMO Series Ep#2 La-Z-Boy

On Strategy Showcase

CHAPTER

Navigating Market Challenges and Strategic Adaptation

The chapter explores strategies and challenges encountered in managing market changes, emphasizing the use of a balanced scorecard to align goals, adjusting strategies in response to macro impacts, and balancing short-term pressures with long-term objectives. It also discusses the interplay between sales and marketing teams, allocation of funds for sustainable profitability, collective decision-making processes, brand platform initiatives, campaign messaging, brand perception in the furniture industry, and the use of commercial mixed modeling in budget planning and marketing strategies.

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