09. a.The Grandmaster Mindset – Part I

a. HMT started out with building mechanical watches and failed to see the changing current in the tide as competitors began to aggressively push for Quartz watches.

b. Even after possessing adequate managerial talent and providing the employees with lots of training facilities, HMT still faced a lack of skilled employees.

c. Cost control system was inadequately set up by HMT. The wage bill and manufacturing costs had been swelling over the years

d. Failure on HMT’s part to understand that a watch was no longer merely a time-keeping machine. It was becoming a fashion accessory for both men and women.

e. Little or no attention paid to packaging. HMT also failed to create a suitable retail outlet-a cardinal sin for a product firm.

f. Foreign watch brands offered stylish timepieces at various price points. As a result, consumers began labelling HMT’s timepieces as being outdated and old -fashioned.

g. All of the above

09. a.The Grandmaster Mindset – Part I

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