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Posted: February 24th, 2022
Diamond Market
Based on the case study, DeBeer’s Diamond Dilemma (Links to an external site.)Links to an external site., put yourself in the role of a newly hired manager at DeBeers. Your job is to review and recommend a strategy or strategies to ensure that market share is not negatively impacted based on the growing popularity of synthetic diamonds. Some additional research will be needed. This link will give more information on synthetic and natural gemstones: https://www.gia.edu/gem-synthetic (Links to an external site.)Links to an external site..
Your strategy should address the following:
Assess the competitive landscape.
Determine the current state of the industry.
Analyze past and current strategies.
Formulate two additional strategies.
Assess the need for diversification.
From a consumer point of view, determine which purchase option you would select and justify your decision
Your paper should adhere to these standards:
Be 4-6 pages in length, not including the title or reference pages (1,200-1,800 words)
Integrate concepts, terms, and theories from the readings and module content
Include at least four academic references to support your work, including one peer-reviewed article
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