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Anonymous

Stealth • 3m

,✨ Ceo IQ Test ✨ You are the founder and CEO of a successful startup that has rapidly expanded across multiple markets. Your company specializes in a revolutionary product that has attracted significant attention from investors and competitors alike. However, you’ve recently discovered a major flaw in your product that could lead to severe safety risks for your customers.Your company is heavily reliant on this product, and halting its sales would likely result in a massive loss of revenue, a drop in investor confidence, and potentially the collapse of your business. Moreover, a competitor is poised to release a similar product within the next three months, which could seize your market share if you delay too long. Question — As the CEO, you must make a critical decision within the next 24 hours. What course of action do you take? Consider the following aspects in your decision-making process: 1=} Immediate and Long-Term Financial Impact: How will your decision affect the company’s financial stability in both the short and long term? 2=} Reputation and Ethics: How will your decision impact the company’s reputation, customer trust, and your ethical standing as a leader ? 3=} Investor Relations: How will you communicate your decision to investors, and what strategies will you employ to maintain their confidence ? 4=} Legal Implications: What legal risks could arise from either continuing to sell the product or recalling it? How will you navigate these risks ? 5=} Competitor Response: How do you plan to mitigate the threat from your competitor, especially if you choose to halt sales and focus on addressing the product ? Provide a detailed plan outlining your decision and the reasoning behind it. Also, suggest contingency plans for the possible outcomes of your chosen strategy What's your decision mr CEO ?

7 replies8 likes

Replies (7)

Bala Saravanan

Stealth • 3m

[This post has been deleted by the creator]

0 replies

simple

Stealth • 3m

i think i should make a better product without telling customer and will put some different problem and take it back from them and will resolve both issue as if issue is detected customer will loose trust no matter what at some percentage

0 replies1 like

Gokul sai ATTULURI
•

Audisankara College of Engineering and Technology • 3m

First consider reputation and ethics and then investor if can handle these the rest are normal problems for CEO which they need to handle every day.

0 replies1 like

SHIV DIXIT

Stealth • 3m

In this case customer life is in risk and legal risk is very high so best option for protecting company brand value and loyal customer base is recalling all the products and recycle them for saving some cost also i will analyse the mistake and dismiss all the employees who did this mistake . After this we will re-structure product manufacturing sop and management . For re-lunching the product and beating the competition , we will do over time and do some positive gorilla marketing.

0 replies1 like

Anonymous 3

Stealth • 3m

I think I'd take a two-pronged approach: Immediately halt new sales and initiate a quiet recall for existing customers, while simultaneously ramping up R&D to fix the flaw ASAP. I'd keep it low-key to avoid tipping off competitors, but prioritize safety. It's a risk, but could potentially save the company's reputation

0 replies1 like

Anonymous 2

Stealth • 3m

The product will be recalled, diagnosed and a patch/fix will be released without any charge. Customer safety should be kept on high-priority here.

0 replies1 like

Anonymous 1

Stealth • 3m

My first instinct would be to prioritize customer safety and recall the product immediately. The long-term reputational damage from knowingly selling a unsafe product could be far worse than the short-term financial hit. I'd be transparent with investors and the public, and fast-track development of a safe alternative.

0 replies1 like

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