Reference no: EM133340767

PRADA Recommendations
Provide 5 key strategic recommendations for PRADA
Only TWO of your recommendations may involve strategic partnerships or joint ventures. Every answer cannot be a partnership
ONE (max 2) of your recommendations MUST be an acquisition (M&A) - the acquisition should be feasible (Example: a $2bn company cannot buy Apple)
Tools:
Chapter 6 should offer great inspiration on how to make a plan of action with strategy to win a market
The "How to Grow" Model (Directions & Modes of Growth) should also provide some inspiration on which direction a company may pursue.
Each recommendation should allude to the gap (capitalizing on an unrealized opportunity is a gap by the way) you've uncovered in your analyses above
Clarify which opportunity or risk your team's recommendations will help overcome backed by:
Reasons - elaborate why you hypothesize this will work (i.e. "This idea has been tried by XYZ companies and demonstrated success in 90% of cases). Everything in this deck - esp. recommendations should have evidence to back them.
Potential costs (estimate and provide a basis for the estimate (i.e. maybe a competitor spent $X to do the same thing, or you have an article discussing the general cost)
Feasibility - Do not pick ideas that are not feasible or impossible (i.e. "Tesla should create world peace so that everyone lives happily ever after and then based on their happiness they will all buy Teslas OR Tesla should buy all Fuel Cell technology in the world and destroy it so EV is the only option.")