20101233 20054057 Assignment Title : The LEGO Group: working with strategy. Date : 03 March 2012 Programme : BTECH-MANAGEMENT IV Question 1 Explain how the development of strategy at the LEGO Group reflect the key characteristics of strategic management outlined in section 1.2 and in the model in Figure 1.4? “Strategy is the long-term direction of an organization” (Johnson‚ Whittington and Scholes‚ 2011‚ p.3). The LEGO Group started with the manufacture of stepladders‚
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initial strategy decisions was based upon the oil crisis in the 1980’s. The company reacted favourably by introducing new innovations and penetrating previously unexplored markets. Changes in the market environment in the 90’s also spurred on strategy development at LEGO. The advent of competitors and research contrary to what LEGO was basing its strategy on up to that point proved to be a focal point for the company. Objectives were set out and adopted and the company moved on. LEGO had difficulty
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REBRANDING LEGO 1 BSc (IM) 6th semester‚ Bachelor Thesis Authors: Binh Thi Le Supervisor: Berit Kamp REBRANDING LEGO. AN ANALYSIS OF CAUSES AND SOLUTIONS IMPLEMENTED. Department of Marketing and Statistics Aarhus School of Business [02nd May 2011] REBRANDING LEGO Abstract 2 This paper describes the seven-year rebranding process undergone by the LEGO Group in between 2004 and 2010. In the first part of the paper there is a focus on describing the relevant literature concerning
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Executive Summary LEGO all started in the workshop of Ole Christiansen‚ who was a carpenter from Billund‚ Denmark. He began making wooden toys in 1932 and by 1934 the company LEGO was formed. LEGO expanded to producing plastic toys in 1947. By 1949‚ the infamous interlocking plastic pieces were crafted. The business of LEGO was ecstatic up until the 21st century. However‚ with an extreme focus on the interlocking brick concept‚ the wave of the internet was soon to knock LEGO off their brick reliance
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The Lego Group was founded in 1932 and has gone through hard times during the 1990s and 2000s‚ however they are going on a growth trajectory following a turnaround in 2005. With the high growth of the company‚ LEGO has a few issues and challenges in hand that require to be resolve for the company to enhance their growth potential. Q1. Porter 5 Forces Level of rivalry The overall level of rivalry may be seen as relatively high. Lego occupies a firm position in the market for construction toys
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CSR & Sustainability Case Study The LEGO Group CSR & Sustainability Case Study The LEGO Group Introduction The LEGO Group is a privately held company based in Billund‚ Denmark. It was founded in 1932 by Ole Kirk Kristiansen‚ initially a small carpenter’s workshop (Lego Group‚ 2011). It has since grown into a modern‚ global enterprise that is now‚ in terms of sales‚ the world’s fourth-largest manufacturer of toys (Keynote‚ 2010). The LEGO Groups core product is a line of plastic
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various concepts applied by LEGO as a part of the IMC programme 8 (a) POSITIONING STRATEGY AND POSTIOING TACTICS 8 (b) BRAND NARRATIVES 9 (c) BRAND ENCOUNTERS 10 (d) BRAND COVERSATIONS 12 QUESTION 3. Critical evaluation of LEGO’s post 2004 IMC programme 13 CONCLUSION 16 REFERENCES…………………………………………………..............………..17 INTRODUCTION The LEGO company corporate brand was created in 1932 and for decades it has acted as a strong umbrella brand guiding LEGO through vase international
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(Eds.)‚ (pp. 567-606). Thousand Oaks‚ Sage. Lego Educational Division. (2003). Simple and powered mechanisms; Teacher’s guide. UK. Levien‚ K Malcolm‚ C. (2002). Science and technology education in the smart state: But what is smart? (Science works for the smart state). Brisbane‚ Qld: Education Queensland. Mauch‚ E. (2001). Using technological innovation to improve the problem-solving skills of middle school students: Educators ’ experiences with the LEGO mindstorms robotic invention system. Clearing
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USER INNOVATION CLASS LEGO Case Study Simone Grancini Giovanni Giuseppe Savini HS 2010 User Innovation 1 AGENDA The Company‚ analysis History Today Tomorrow Collaborative Innovation Theory‚ evolution Tools Lego User Innovation Strategy Lego Board Games Lego “Design By Me” Costs and Benefits Q&A HS 2010 User Innovation 2 LOGIC BEHIND ANALYSIS History presentation structure: Focus on main learning points under: Product Development perspective Growth
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The LEGO Group A short presentation 2011 2 The LeGO GrOup 2011 Contents It all began in 1932 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 The LeGO Group in key figures . . . . . . . . . . . . . . . . . . . . . . 5 Focus on growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Organization . . . . . . . . . . . . . . .
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