1. Callaway
In summary, the company's sales have dropped off over the past two years with disproportionate increases in R&D, COGS and SG&A expenses. Indeed profitability, "the single most important factor in many (strategy) decisions" has only increased by 29% in that period. ... It is a large, undiversified business that is currently neglecting other potential markets, hence with ever increasing competition, needs to be at the forefront of innovation to stay ahead which has meant spending more and more each year on R&D. ... • The question that is then raised is whether or not the golf indust...
- Word Count: 2808
- Approx Pages: 11