Lancer Gallery Essay

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Case study: Lancer Gallery 1. Define the problem ─ Lancer Gallery was offered the contract by a mass merchandiser department store chains in regards to sell its product line of replicas. As such, Lancer Gallery to consider the contract offered as to whether to accept the contract or not with as well count into the limited sources, number of competitor and economic factors. Presently, Lancer Gallery was known as reputable dealers in authentic artifacts products. 2. Enumerate the decision ─ Lancer Gallery need to consider whether the contract offer was enough attractive and same time look any potential growth and sustainability of its financial. The company needs to have a view of its new customers and challenges that will affected the company in future as in align with Lancer Gallery mission and vision. 3. Consider relevant information ─ The situational analysis in useful tools which able to provide and indicate the current environment of the Lancer Gallery, therefore SWOT analysis can identify these briefly. |STRENGHTS |The company possesses a strong brand name and national reputation as in the authentic craft industry| | |that represents both value and quality. | | |Capability to attract new customers and maintain customer royalty. | | |Offerings unique and high-price products. | | |Expanded its product line to include items that were replicas of authentic artifacts. | | |Long term contracts with native craftspeople who able to produce authentic replicas. | |

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