Change and Development

Emily Benton September 9, 2008 Management 4342 Dr. Prati Bad news for NutriSystem According to an article in Fortune magazine, NutriSystem may face an economic slowdown. at last year NutriSystem was number 1 on Fortunes 2007 list of Fastest-Growing Companies. Since last year the NutriSystem stock has decreased a staggering 64% with the economy in such a weak position. NutriSystem is trying to get hold up with an innovative seam strategy so the confederation will still be able to produce large loot and continue to grocery store their product. President and chief executive Joe Redling stated that consumers are distinctly feeling the pinch from housing woes and higher food and gas pedal costs. With this in mind, NutriSystems executives were well aware of the drastic changes that were speedily approaching them. In February, they warned that a slowing economy could cabbage the confederations typical customers middle-class Americans. During the second quarter, a time that is particularly immense for diet companies, revenue and profits fell a considerable amount. The accompany has recently make organizational changes that focus directly on the future. Also, the company is fashioning cautious moves, keeping in mind that the only invariable is change.

The rising prices of food placed difficulty on the company simply because NutriSystem diet is based on a frozen-food line. The company estimates a considerable decrease in the 2008 revenue and executives specify that it will continue to shrink. The company is also in a state of disposition because of its diminishing stock. NutriSystem is currently in the treat of enhancing growth by trying to appeal to new customers and markets. The company has also hired a new executive to cope staff that is devoted to retaining customers, as the bulk of NutriSystem customers are maiden timers. NutriSystem spokeswoman Cindy Warner stated that, we want customers to have success with us, and we want them to come back and use us to... If you want to get a full essay, order it on our website: Ordercustompaper.com

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