Running Head: CONTROVERSIAL BUSINESS DECISIONS Controversial Business Decisions Name: Institutional affiliation 1 CONTROVERSIAL BUSINESS DECISIONS 2 The Ralph Lauren Corporation controversial Decision The process of making decisions within a business takes the significant risk for the company. Some of these decisions are controversial. An example of a controversial business decision made by a local company is the closure of around 50 stores by the Ralph Lauren business enterprise with the beginning of the closure of the Polo Store in Manhattan. The Ralph Lauren Corporation has in the previous years emerged as a global leader in marketing, design, and distribution of lifestyle products that are a premium in nature. The products are grouped regarding fragrances, apparel, accessories, and home. The organization has cut across major global markets over their years, but its recent decision to shut some of its stores have developed a lot of controversy in regards as to whether the decision is right or wrong. (1, Premise) The iconic apparel company has been competing well and reaching major markets in the world. However, for the past few years, the company has seen a sink in their profits and also a fall in the sales within its shopping environment. This phenomenon has been catalyzed by the rise of new e-commerce players as well as the entry of fast-fashion players within the industry. This aspect has necessitated a restructuring decision for the company through the closure of ...
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