If you were the CEO of Toys R Us: - Explain what caused Toys R Us...

70.2K

Verified Solution

Question

General Management

If you were the CEO of Toys R Us: - Explain what caused Toys RUs to fail. - What would your strategy and approach be to turn theCompany around? Explain. - What would you have done to change theCompany’s fate, so that it would be thriving today instead of goingout of business?

Answer & Explanation Solved by verified expert

3.9 Ratings (433 Votes)

Toys R Us is a 15 of the US toy market The reason for their failure is many but to discuss a few as follows Huge debts and failing to pay their lenders they filed for bankruptcy in September 2017 They have not been able to restructure their debts Lack of innovation and following a conventional method conducting business The started huge toy stores in 1950s in the countryside where it meant leisurely drive to the countryside and an outing where kids could enjoy some time at the toy store this system was also enjoyed till 1990s but now with toys available at all supermarkets and parents See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member