What is the underlying problem in this case from the perspective of Forever 21’s customers and creditors?

Learning Goal: I’m working on a management case study and need support to help me learn.• هذه المهمة مهمة فردية .• تاريخ استحقاق Assi gnmen t 1 هو 1 2/03/202 2 _• يجب تقديم فقط الكلمة الرئيسية المجلد التوقعات.• لشروط قبول المرسلة عبر البريد الإلكتروني.• يُنصح الطلاب بجعل يبدو واضحًا ومقدمًا بشكل جيد ، وقد تقليل حجم المعرض للعرض الضعيف. ما من بيانات الغلاف.• يجب على الطلاب ذكر رقم السؤال بوضوح في إجابتهم.• لن يتم قبول قبول التقديم المتأخر.• تجنب الانتحال ، ونسخ الطلاب أو المصادر الأخرى دون الرجوع إلى المرجع الرئيسي المناسب إلى عدم وجود علامة تجارية. لا استثناءات.• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).Submissions without this cover page will NOT be accepted.Assignment Purposes/Learning Outcomes: After completion of Assignment-1 students will able to understand theLO 1.1: State the concept of management functions, roles, skills of a manager and the different theories of management.Assignment-1Please read the case“Fast Fashion – Was Forever 21 Fast Enough?”given on Page number 42, Chapter 1– “The Exceptional Manager”available in your textbook/e-textbook“Management: A Practical Introduction” 10th edition by Angelo Kinicki, & Denise B.Soignetand answer the following questions:QUESTIONSQ1. What is the underlying problem in this case from the perspective of Forever 21’s customers and creditors? (2 Marks)Q2. Why do you think Forever 21 ended up in this situation? (2Marks)Q3. Did Forever 21 operate more from a principle of efficiency or effectiveness? Explain your rationale. (2Marks)Q4. Which of the three skills that exceptional managers need did the Changs most lack? Explain your answer.(2 Marks)Q5. What would you have done differently if you had been a senior executive at Forever 21? (2 Marks)ANSWERS:1.2.3.4.5.
Requirements: 2500-3000

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