1. Cheryl, the new CEO of Fun-Toys, wants to implement a new strategy to grow the company and satisfy shareholders after experiencing economic issues and declining confidence. 2. Her initial strategy is to produce mid-market products at reduced costs and gain a new retailer partner, but analysts find the strategy is not well-defined and high risk. 3. They recommend Cheryl thoroughly analyze the company's strengths, customers, market opportunities, and develop a long-term strategic vision to ensure sustainable growth and buy-in from employees and stakeholders.