Lego Cuts 1,400 Jobs Due to Weak Demand

The video discusses the challenges faced by a company due to overextension and complexity, with leadership taking accountability for these issues. It highlights the popularity and customer satisfaction of the company's products, despite concerns about pricing. The discussion also covers brand strategy, innovation, and the need for simplicity. Finally, it outlines plans to streamline the organizational structure to enhance entrepreneurship and operational efficiency.

What was identified as a major issue within the company?

• Insufficient marketing

• Lack of innovation

• Complex organizational structure

• High employee turnover

Who takes responsibility for the current issues faced by the company?

• The manufacturing head

• The CEO

• The marketing team

• The speaker

What indicates that the company's products are well-received by customers?

• High sales volume

• Positive reviews

• Low return rate

• High Net Promoter Score

What is the company's approach to achieving simplicity in its operations?

• Reducing management layers

• Hiring more staff

• Expanding into new markets

• Increasing product variety

How does the company plan to enhance entrepreneurship?

• By acquiring smaller companies

• By streamlining management structure

• By increasing marketing budget

• By launching new products