Answer:
-Business need to be continually testes to determine success or failure. The good business must have theory and model to confirm right direction, mission, vision and others relevant issues which are compatible to business environment. Laura Ashley Holdings expands their business to overseas and need business approach for monitoring, signaling and confirming cyclical changes in the economy; identifies leading, coincident and lagging indicator variables and their composite indexes; and examines the continuity and change of U.S. business cycles in environment periods.
-The management team of Laura Ashley Holdings must come together to review, discuss, challenge, and finally agree on the strategic direction and key components of the plan. Without genuine commitment from team, successful implemention is unlikely. Strategic group members must challenge themselves to be clear in their purpose and intent, and to push for consistent operational definition that each member of the team agrees to. Review the organization's current state and future possibilities using a SWOT (Strength, weakness, opportunity, and threat) analysis. This involles identifying strengths and core capabilities in products, resources, people, and customers.