Memo For the first case memo (Case # 2 The Benetton Group), please focus on the following two questions - - Out of the two strategies described in the case, which one would you recommend that Luciano Benetton support, why? - What are the most important elements of a plan of action for implementing the strategy you recommend? The first case memo is due on or before Sunday NOTE: Please upload the memo to LEARN site as a Microsoft Word attachment and name the file as follows: firstname_lastnameCM1. doc. I created an assignment submission site called CASE MEMO -1. However, if you are late you will not be able to submit your memo here. Submit your memo to CASE MEMO-1 LATE SUBMISSIONS section. I will deduct 0.5 points for every 24 hours of any late submission. Please do not email case memos!! How to write a case memo You should write the case memos as if you are a senior manager of the firm at the time the case was written. You should address the memo to the CEO and the Board of the Directors of the firm. You should assume that the recipients of the case memo are well aware of the firm, so please do not simply summarize the case. Rather you should offer professional recommendations (such as a specific course of action that the firm ought to take in order to address the assigned question). I am more interested in the quality of your analysis than in the accuracy of your conclusions. Please keep in mind, the assigned case should the only source of information that you will use. So please do not go online and start researching on the company, especially to find what the company actually did following the events discussed in the case. However, you should make every attempt to use the concepts, tools and frameworks you learned from the class to analyze the case and to develop the strategic recommendations. I have the following suggestions for the case memos: • There should be an introduction. State your recommendation or major issues that you want to address in this introductory paragraph. • Don’t write long paragraphs. Break paragraphs in sub-topics such as opportunities, risks, current situation of the business and your arguments/recommendations. • No bullet points. Please write full sentences. • Present arguments with reasons, evidence and logic. Think about the assumptions that you are making while making your arguments. Are these assumptions realistic? Under what conditions? • Try to use numbers (sales, profit and market share) to provide evidence or to build your arguments. Remember, sometimes it- easier to convince with numbers! • Consider pros and cons. Don’t be biased and consider only pros. Try to provide a balanced view. • Make sure you have a nice persuasive conclusion that supports your recommendation. • Finally, be professional - imagine yourself as a manager working for the company during the time of the case. The case memos should not be longer than three (3) single-spaced pages. Each case memo will contribute 10% towards your final grade for the course.